Strong early interest in Mighty River Power pre-registration 5 Mar 2013
- Pyne Gould looks to oust EPIC directors, boost its stake Business
- MARKET CLOSE: NZ shares fall, led by Summerset Business
- UPDATE: Warehouse rated a 'sell' as investors eye 2015 Business
- Gordon Campbell: the Greenwald/Snowden revelations aftermath News
- Rapper Eminem sues National Party over copyright breach Business
- Appointments on Election Eve Raise Red Flag News
- Seniors would sell 9.4% Heartland stake when escrow lifts Business
- ALCP Release Election Manifesto News
- Warehouse rated a 'sell' as investors eye 2015 Business
- Election Daily Update #9 News
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
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.
15 Sep 2014 News
Prime Minister John Key tonight corrected misinformation that has been put in the public domain concerning the operations of the... more
15 Sep 2014 Business News
Article - BusinessDesk Greenwald posts article on spying allegations ahead of 'Moment of Truth' event By Fiona Rotherham Sept.... more
15 Sep 2014 Environment
Sept. 15 (BusinessDesk) - New Zealand visual marketing software company Shuttlerock has added Lady Gaga to its client list. While... more
3 Sep 2014 Property
Sept. 3 (BusinessDesk) - Auckland house sales fell for a third month in August and the number of listings remained muted in the... more
11 Sep 2014 Migration
Sept. 11 (BusinessDesk) - The Reserve Bank is keenly watching the impact New Zealand's decade-high net migration inflow is having on... more
11 Sep 2014 Travel & Tourism
Sept. 11 (BusinessDesk) - Plans for a $350 million runway extension for Wellington International Airport would provide the capital... more
15 Sep 2014 Sport
Emirates Team New Zealand Today’s pictures are here Emirates Team New Zealand has won Act 6 of the Extreme Sailing series today... more
15 Sep 2014 Opinion
Column - Gordon Campbell Gordon Campbell on the Glenn Greenwald revelations All that hanging out with the All Blacks clearly... more
11 Sep 2014 Opinion
Gordon Campbell on Obama’s major foreign policy speech today on the Islamic State For the Syrian people, the next ten... more
10 Sep 2014 People
The New Zealand Psychological Society (NZPsS) -the largest membership association for psychologists in New Zealand, offers awards... more
11 Sep 2014 Recruitment
Paramedics in New Zealand jump at opportunity of a clinical career in London Paramedics hoping for a chance to work for the... more
22 Aug 2014 Recruitment
The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale... more