Brierley Investments - Holding in Company
May 27 1999 - 1:15PM
UK Regulatory
RNS No 9650n
BRIERLEY INVESTMENTS LIMITED
27 May 1999
AIR NEW ZEALAND LIMITED
Brierley Investments Limited announces that it has acquired further shares in
Air New Zealand Limited as follows:
"A" Class "B" Class
Number of shares acquired 14,040,000 13,672,700
Percentage acquired 4.86% 4.92%
Price per share Range $2.75-3.40 $3.72-4.30
Average $3.3984 $4.2441
Percentage now held 59.52% 39.19%
The acquisition of the shares was made on-market.
The Brierley Investments Limited Group now holds 267,096,015 shares in Air New
Zealand Limited, being 47.11% of the shares on issue and comprising 172,106,796
(59.52%) "A" shares and 94,989,219 (34.19%) "B" shares. The "A" shares have
been acquired by BILNZ Assets Limited which is exempted under the Overseas
Investment Regulations from treatment as an overseas company.
END
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