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 The Kim Regime

During the Cuban Missile Crisis, the US had a very clear objective and eventually offered a quid pro quo of the removal of some of its own missiles from Turkey. This time, there’s no clarity about what the US is seeking, or offering.

It hasn’t helped that the US and the global media consistently agree on calling North Korea and its leadership “crazy” and “irrational” and urging it to “come to its senses”. When you treat your opponent as being beyond reason, it gets hard to comprehend what their strategy is, let alone work out the terms of a viable compromise. More>>

 

Recovery: Economic Impact Of Kaikōura Quake Revealed

The report details the impact on small businesses and tourism caused by disruptions to transport infrastructure and the economic impacts... The impact on New Zealand’s Gross Domestic Product (GDP) over the first 18 months following the earthquake has been estimated at $450-$500 million. More>>

ALSO:

Human Rights Commission: Urgent Need For Action On Seclusion And Restraint

Chief Human Rights Commissioner David Rutherford says that while the report makes for sobering reading, the focus should now be on how the recommendations can be used to reduce the occurrence of seclusion and restraint in New Zealand and, in circumstances where it is necessary, to improve practices. More>>

ALSO:

CORRECTIONS (March 2017):

SCHOOL SECLUSION ROOMS (2016):

$11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities

First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>

ALSO:

JustSpeak Report: Bail Changes To Blame For New Billion Dollar Prison

In 2013 criminal justice spending was falling and the Government was mulling over what to spend the money on. 3 years later there are 10,000 people in prison and a new billion dollar prison is announced. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news