Strong early interest in Mighty River Power pre-registration   5 Mar 2013

New Zealand Government

Hon Tony Ryall

Minister for State Owned Enterprises

5 March 2013 Media Statement Strong early interest in Mighty River Power share offer pre-registration

As of four o’clock this afternoon, around 35,000 New Zealanders have pre-registered their interest in applying for shares in Mighty River Power, State Owned Enterprises Minister Tony Ryall says.

“The response to the launch of the pre-registration website in Auckland this morning has been huge with at times, around five registrations per second,” Mr Ryall says.

The website: www.mightyrivershares.govt.nz, was set up to provide information to New Zealanders keen to register their interest in the share offer.

“This interest resulted in huge volumes of traffic on the website in the first few hours,” Mr Ryall says. “Some people may have had difficulty accessing the site, and others will have noticed it was slow in processing their requests for information.

“There is plenty of time before pre-registration ends on 22 March – and there is no advantage in pre-registering earlier.”

New Zealanders who pre-register will receive an offer document sent to them as soon as it’s ready, and may be allocated up to 25% more shares than people who do not pre-register, if demand for shares exceeds shares available.

New Zealanders wanting information on pre-registration should visit: www.mightyrivershares.govt.nz or call 0800 90 30 90.

New Zealanders wanting more information can visit the website: www.governmentshareoffers.govt.nz

Important notice

The Crown is considering offering shares to the public in Mighty River Power Limited (“Mighty River Power”). No money is currently being sought and no applications for shares will be accepted or money received until after an investment statement containing information about the offer of shares is available (the "Share Offer Document"). The Crown is seeking preliminary indications of interest. Registering an indication of interest will not involve an obligation of any kind. If you pre-register, you will be able to choose to either receive the Share Offer Document in hard copy or be sent an email notifying you that it is available online (or both). A full description of the potential allocation preference for New Zealanders who pre-register is available at www.mightyrivershares.govt.nz.

The contents of this press release are not permitted to be made available to persons in any country other than New Zealand. Mighty River Power's shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "United States Securities Act") or the securities laws of any state of the United States and may not be offered or sold in the United States unless the shares are registered under the United States Securities Act, or an exemption from the registration requirements of the United States Securities Act and applicable United States state securities laws is available.


ENDS

Add a comment

Bookmark and Share

News

Support for kiwi, not moas, in Rimutaka

18 Jul 2014 News
The Government today announced a $70,000 Community Conservation Partnership Fund grant for the Rimutaka Forest Park Trust to ensure... more

Coleman to meet China’s top military officer

18 Jul 2014 News
New Zealand Government Coleman to meet China’s top military officer Defence Minister Jonathan Coleman will hold talks on Monday... more

Business

Moa boosts first quarter sales, expects higher margins

22 Jul 2014 Business News
Article - BusinessDesk   Moa boosts first quarter sales, expects higher margins to drive profits By Tina Morrison July 22 ... more

Hon. Steven Joyce: Better public services for businesses

21 Jul 2014 Business News
A single unique number for every business and a range of new services that reduce the need for businesses to provide the same ... more

Living

Anti-mining campaign doco debuts at NZ Film Festival

22 Jul 2014 Entertainment
Playing at this year’s New Zealand International Film Festival, Cap Bocage is a close-up exploration of the forces that came... more

Inbetweeners 2 Cast Heads Down under for NZ Premiere

22 Jul 2014 Lifestyle
The stars of this year’s most anticipated comedy, The Inbetweeners 2 will head to New Zealand next month as part of the... more

Property

NZ house sales fall in June, led by cheaper properties

14 Jul 2014 Property By Suze Metherell
July 14 (BusinessDesk) - New Zealand house sales fell in June from a year earlier, led by properties of $400,000 or less, indicating... more

Average Auckland house prices reach record level

10 Jul 2014 Property
The average asking price for a home in Auckland has reached the record level of 732 thousand, 240 dollars. The figure is provided by... more

Migration

UK Tier 1 visa extension deadline looming

11 Jul 2014 Migration
If you’re in the UK on a Tier 1 (General) visa, you’ll need to apply for an extension as soon as possible. The deadline... more

NZ more appealing to ex-pats - survey

10 Jul 2014 Migration
Auckland and Wellington have become more appealing to ex-pats in the past 12 months, a new survey has found. Both cities both dropped... more

Travel

100% Middle-Earth campaign wins prestigious travel award

17 Jul 2014 Travel & Tourism
Associate Tourism Minister Todd McClay has congratulated Tourism New Zealand on winning the Pacific Asia Travel Association’s... more

NZ guest nights at three-year high

10 Jul 2014 Travel & Tourism By Suze Metherell
July 10 (BusinessDesk) - New Zealand guest nights climbed to a three-year high in May as short term stays climbed across all... more

Sport

Fellowes and Hazeldine Sign for EasiYo Tactix

22 Jul 2014 Netball
EasiYo Tactix are delighted to announce the signing of experienced defender Demelza Fellowes (formerly McCloud) and versatile... more

Heat’s on for open water masters swimmers

22 Jul 2014 Sport
With local temperatures dipping to winter lows, more than 80 Kiwi swimmers are taking off to Samoa this week, to take on warmer open... more

Columns

Gordon Campbell on the non-apology to Tania Billingsley, PM John Key

22 Jul 2014 Opinion By Gordon Campbell
  The refusal by Prime Minister John Key to issue a personal apology to Tania Billingsley has been accompanied by an array of... more

Gordon Campbell on the failure to prosecute the GCSB

18 Jul 2014 Opinion By Gordon Campbell
So one hand of the state – the Independent Police Conduct Authority - has now washed the hands of its brother agencies, and... more

Kiwi Success

Minister announces ACC Board appointments

8 Jul 2014 Appointments
New Zealand Government Minister announces ACC Board appointments ACC Minister Judith Collins today announced the appointment of ... more

Air NZ boss Luxon to sit on Virgin board

4 Jul 2014 Appointments By Suze Metherell
July 4 (BusinessDesk) - Air New Zealand boss Christopher Luxon has been appointed to Virgin Australia's board alongside its fellow... more

Recruitment

750 additional Trades Academy places for 2015

14 Jul 2014 Recruitment
New Zealand Government   Hon Steven Joyce Minister for Tertiary Education, Skills and Employment Hon Hekia Parata Minister of... more

Take a dip into global talent pool

9 Jul 2014 Recruitment
International candidates can bring added value, says recruitment specialist New Zealand's thriving economy has created a "unique... more