Retail selling syndicate appointed for Meridian share offer

ANZ, ASB and Forsyth Barr have been appointed to the Retail Syndicate for the upcoming Meridian share offer.

Members of the Retail Syndicate are responsible for marketing the shares to New Zealand retail investors, with an emphasis on helping to achieve the Government’s objective of 85 - 90% New Zealand ownership at the time of the share offer.

They will work with the retail arms of the Joint Lead Managers for the offer (Craigs Investment Partners / Deutsche Bank, JBWere / Goldman Sachs and Macquarie) to help New Zealanders understand how the share offer process works and how they can participate.

Their work will include roadshow meetings and presentations, marketing the offer to retail investors in New Zealand, and working to get applications from New Zealanders for the offer.

They will also provide investor education to potential New Zealand investors unfamiliar with direct investment in shares and the New Zealand equity markets, and to assist investors to understand the instalment receipts structure chosen for the Meridian offer.

The Treasury selected the Retail Syndicate from the panel appointed via a contestable (GETS) process in early 2012 for the whole Government Share Offers programme.

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