Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Offer For Shares In Ports Of Auckland

28 June 2005

Auckland Regional Holdings Declares Offer For Shares In Ports Of Auckland Limited Unconditional

Auckland Regional Holdings (ARH) today announced that it had waived all the conditions in its takeover offer (the Offer) for all the shares in Ports of Auckland Limited (POAL) that it does not currently own and that the Offer has been declared unconditional.

Shareholders who have already accepted the Offer will be paid within seven days of today, Tuesday 28 June 2005.

Under the terms of the Offer the remaining shareholders will be paid within seven days of ARH receiving their acceptance of the Offer.

The Offer is scheduled to close at 5pm on Friday, 15 July 2005.

As at Monday 27 June 2005, ARH had received acceptances from over 2,400 shareholders totalling 7,142,249 shares, giving ARH a relevant interest in POAL of 86.74%.

ARH is confident that it will achieve 100% ownership of POAL.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: