Tenon Closes Sale of Clearwood Business and Pays Capital Return

28 April 2017 - Tenon announced today that the Sale of the Company’s Clearwood business to Tenon Clearwood Limited Partnership had closed, and that the Company’s share cancellation has been implemented, with one out of every two ordinary shares held by each shareholder on 26 April 2017 having been cancelled, and with shareholders having been paid either NZ$3.8036 or US$2.654 (depending on the individual shareholder’s currency election) per each cancelled share. [ details ]

Tenon Advises Exchange Rate used to Calculate Capital Return

18 April 2017 - Tenon announced that the weighted average exchange rate to be used for the conversion of US$ into NZ$ for those shareholders who are to receive their Capital Return in NZ$ is 1.43319. [ details ]

Tenon Granted Final High Court Orders Relating to Capital Return

7 April 2017 - Tenon announced that the High Court had granted final orders sanctioning the Capital Return (which was approved by shareholders at the Company’s Special Shareholders’ Meeting held on 20 March 2017) of US$2.654 for every share to be cancelled (US$1.327 per existing share). [ details ]

Tenon Shareholders Approve Sale of Clearwood and Second Capital Return

20 March 2017 – Tenon announced that its shareholders had approved, at the company’s Special Shareholders’ Meeting held in Auckland today, all resolutions relating to the sale of its remaining Clearwood Business to Tenon Clearwood Limited Partnership and the associated Capital Return. [details]

Tenon Interim Result - Six Months Ended December 2016

24 February 2017 - Tenon Interim Result - Six Months Ended December 2016 [details]

Tenon Issues Notice of Meeting Relating to Clearwood Sale and Capital Return

22 February 2017 - Tenon announced today that it had issued the Notice of Meeting in respect of a Special Meeting of Shareholders to be held at 10.00am on 20 March 2017 at the Tamaki Yacht Club, 30 Tamaki Drive, Mission Bay, Auckland. [details]

Tenon signs Sale & Purchase Agreement over Clearwood business

February 14, 2017 - Tenon today announced that it had entered into a sale and purchase agreement over its NZ-based Clearwood manufacturing and global sales operations (Clearwood). The purchaser is Tenon Clearwood LP, which comprises a group of US and NZ private investors, and Rubicon (circa 50%) (the Consortium). [details]

Tenon Issues Earnings Update

3 February 2017 Today Tenon announced earnings guidance for its Clearwood (only) business for the fiscal year ended June '17. [details]

Tenon Updates Market

6 January 2017 – Today Tenon again summarised the previously announced impact of its recently completed US$71 million pro-rata capital return and share cancellation. [details]