NZX CEO Tim Bennett has today completed the purchase of 309,629 fully paid ordinary shares held by a NZX subsidiary, being shares originally issued, and which have not vested, under a previous NZX Group share scheme. The scheme provides for shares which do not vest under the scheme to be sold.
The purchase was agreed on 14 September 2012 by the Board and the CEO at a price of $1.10 per share cash, being the higher of that figure and the volume weighted average price of NZX shares for the 10 business days ended 14 September 2012 of $1.09.
These shares are additional to the shares to be issued under the new CEO Long Term Incentive scheme.