Tower to announce plan to mop up small shareholdings

Smaller shareholders may have had their stakes reduced below the minimum tradable on the NZX or ASX after accepting GPG's offer this week, Tower said in a statement. Tower plans to offer a scheme allowing small parcels of shares to be sold in a cost-effective way, it said.

More than 80% of Tower's shareholders opted to retain their holdings, it said.

(Businesswire.co.nz)

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