Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Mighty River Power offer to commence Monday 15 April


Hon Tony Ryall
Minister for State Owned Enterprises


12 April 2013 Media Statement
Mighty River Power offer to commence Monday 15 April

State-owned Enterprises Minister Tony Ryall has welcomed today’s announcement from the Financial Markets Authority that the review of the Mighty River Power offer document is complete, and the share offer can now proceed.

“The FMA has confirmed that it is satisfied that the offer document provides all of the information that New Zealanders need to make an informed decision”, Mr Ryall says.

“The Mighty River Power share offer can now open on Monday 15 April, and New Zealanders will have three weeks to apply for shares”.

The offer closes on Friday 3 May, and Mighty River Power is expected to list on the NZX Main Board on Friday 10 May.

“The general offer is only open to New Zealanders, demonstrating the Government’s commitment to putting New Zealanders at the front of the queue and achieving widespread New Zealand ownership,” Mr Ryall says.

“We know that for many New Zealanders, this may be the first time they have thought about buying shares, and great care has been taken to ensure the offer document sets out all of the information they need to know about the company to decide whether to buy shares in it.

“The offer document is the primary source of information for potential investors, and it is important that people take the time to read it. From Monday, when the offer opens, New Zealanders will also be able to get information from branches of banks and brokers in the retail syndicate. (ASB, ANZ, Craigs, First NZ Capital, JB Were, Macquarie, Forsyth Barr)

They can talk to their financial advisors if they want further advice. The call centre (0800 90 30 90) will be open if they have questions about the offer process.

“It is pleasing to get to this important stage in the Mighty River Power offer. We look forward to inviting New Zealanders to consider the opportunity to apply for Mighty River Power shares from Monday.


“The mixed ownership programme is part of the Government’s wider economic plan to control debt and keep investing in our economy.”

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news