ANZO sets buy-back record dateFebruary 5, 2004 AMP Ronin Management Limited, manager of AMP New Zealand Office Trust (ANZO) today confirmed all investors who hold units on the record date of 20 February 2004, will be presented with an offer to participate in an off-market buy-back. The buy-back was signalled to investors in December 2003 when a series of initiatives designed to improve the overall performance of ANZO was unveiled. It is currently envisaged that the intended buy-back price will be 87 cents per unit. The buy-back price will be confirmed (subject to compliance with the ANZO Trust Deed) immediately prior to the sending of the buy-back offer documents to unit-holders (currently expected to occur on Wednesday 25 February 2004). All unit-holders will be offered the opportunity to redeem one unit in seven and to participate at a greater rate if there is not a full uptake of the offer by all unit-holders. The IRD has advised that it does not consider that any capital returned to investors as a result of the buy-back offer is in lieu of a dividend. The buy-back will be funded using existing bank debt facilities. Media enquiries: |