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

Gordon Campbell: On Populism And Labour 2017

For many people on the centre-left, populism is a dirty word, and a shorthand for the politics of bigotry. In this country, it has tended to be equated with the angry legions of New Zealand First. Who knew they were not just a reactionary spasm, but the wave of the future?

Certainly, at the end of this week, the next US President will have won office (at least in part) thanks to his proven ability at (a) scapegoating refugees and migrants (b) wooing neo-Nazis and racial supremacists (c) attacking journalists and judges (d) threatening to jail his opponents (e) urging nuclear proliferation and (e) by promising to restrict women’s rights to control their own fertility.

On the face of that campaign record, there wouldn’t seem to be much in common between Donald Trump and say, Spain’s centre-left populist party, Podemos. Yet arguably, the similarities could be instructive for the Labour/Green partnership here. More>>

 
 

Oxfam: 30% Of NZ Owns Less Wealth Than Our Two Richest Men

The research also reveals that the richest one per cent have 20 per cent of the wealth in New Zealand, while 90 per cent of the population owns less than half of the nation’s wealth. The research forms part of a global report released to coincide with this week’s annual meeting of political and business leaders at the World Economic Forum in Davos, Switzerland. More>>

ALSO:

Hospitals: Resident Doctors Set To Strike Again

Despite discussions between the DHBs and NZRDA over safer hours for resident doctors progressing during the last week, the strike planned for next week appears set to proceed. More>>

ALSO:

Not So Super Fund: More Burning Ethical Questions For Steven Joyce

Greens: Radio New Zealand reported this morning that the New Zealand Superfund has $77 million invested in 47 coal companies that the Norwegian Government’s Pension Fund – the largest sovereign fund in the world – has blacklisted. More>>

Activism: Greenpeace Intercepts World’s Biggest Seismic Oil Ship

Greenpeace crew have made contact with the world’s biggest seismic oil ship after travelling 50 nautical miles on two rigid-hulled inflatables off the coast of Wairarapa... Greenpeace radioed the master of the Amazon Warrior to deliver an open letter of protest signed by over 60,000 New Zealanders. More>>

ALSO:

Gordon Campbell: Why Tax Cuts In 2017 Would Be A (Proven) Bad Idea

Ever since the world fell prey to the mullahs of the free market in the 1980s, no amount of real world evidence has managed dispel one key tenet of their economic faith. Namely, the idea that if you cut income taxes and taxes on small business, a wave of individual enterprise and entrepreneurial energy will thus be unleashed, profits will rise and – hey bingo! – the tax cuts will soon be paying for themselves ... More>>

Liquor Sponsorship: Researchers Call For Ban On Alcohol Sponsorship Of Sport

“Due to alcohol sponsorship of sport, New Zealanders, including children, were exposed to up to 200 ads per hour they watched televised sport, and people watching football and tennis saw alcohol ads for almost half of each game,” says Associate Professor Signal. More>>

ALSO:

Mt Albert: Ardern For Labour, Genter For Greens

At the close of nominations, Jacinda Ardern was the sole nomination received for the position of Labour’s candidate for the Mt Albert by-election, says Labour General Secretary, Andrew Kirton. More>>

ALSO:

Earlier:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news