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ASHBURTON BUILDING SOCIETY (ABS)

Former Name NZX

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Date first listed: 07/08/2004
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the Ashburton Building Society trading as ABS Canterbury merged with the SMC Building Society - ABS Canterbury issued a mix of cash and new shares to those SMC Building Society members holding 400 or more SMC Foundation and New Shares as at 3 April 2006 - the formula, reflecting the valuations agreed by directors of the merging societies, was 30c cash per SMC share plus 1 ABS Canterbury ordinary share for every 4 SMC shares - Holders of less than 400 SMC Foundation and New Shares received a cash payment from ABS Canterbury of $1.35 for each SMC share as at 3 April 2006 - ABS Canterbury shares issued to the holders of SMC Foundation and New Shares are to participate in ABS Canterbury's interim dividend due for payment in September 2006 and currently forecast to be 7.5 cents per share fully imputed

03/04/2006

name changed to Canterbury Building Society (CBS) following the merger

03/04/2006

NZX Announcements (courtesy of NZX)

 

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