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

Q + A: Winston Peters Interviewed by Corin Dann

1 Mar 2015 News
TVNZ Q + A 2015 Episode 1 WINSTON PETERS Interviewed by CORIN DANN CORIN Mr Peters joins me now. Good morning to you.<... more

PM saddened at passing of Dame Thea Muldoon

25 Feb 2015 News
PM saddened at passing of Dame Thea Muldoon Prime Minister John Key today expressed his sadness at the passing of Dame Thea ... more

Business

MARKET CLOSE: NZX 50 rises to record, led by Xero

25 Feb 2015 Business News
By Suze Metherell Feb. 25 (BusinessDesk) - New Zealand shares rose to a record, led by Xero after it raised $147 million from two... more

Tourism Holdings beats 1H guidance on reduced fleet

25 Feb 2015 Business News
Article - BusinessDesk   Tourism Holdings beats 1H guidance on reduced fleet, wider margins By Suze Metherell Feb. 25 ... more

Living

Lady Penelope, Parker And Brains Pictures Are Revealed

27 Feb 2015 Entertainment
Creator Sylvia Anderson to Feature in Special Thunderbirds Are Go Episode And Lady Penelope, Parker And Brains Pictures Are... more

A little drive goes a long way

25 Feb 2015 Lifestyle
Dunedin businesses have given their full support to the Otago Polytechnic Education Open 2015. The event will be taking place at... more

Property

NZ building consents fall for a second month in January

27 Feb 2015 Property By Paul McBeth
  NZ building consents fall for a second month in January, housing permits drop Feb. 27 (BusinessDesk) - New Zealand... more

Auckland inner-city height restrictions weighing on supply

25 Feb 2015 Property By Paul McBeth
Auckland inner-city height restrictions weighing on supply, RBNZ's Wheeler says Feb. 25 (BusinessDesk) - New Zealand's government... more

Migration

NZ migration rose to record in 2014

30 Jan 2015 Migration By Tina Morrison
  NZ migration surged to record in 2014, helped by robust economy Jan. 30 (BusinessDesk) - New Zealand migration surged to a... more

Free new Kiwi workshops return for fresh season

23 Jan 2015 Migration
Newcomer settlement support agency Auckland Regional Migrant Services (ARMS) is kick-starting the New Year with the return of its ... more

Travel

Air NZ sees fare discounts; yield pressure looms

25 Feb 2015 Travel & Tourism
By Fiona Rotherham Feb. 25 (BusinessDesk) - The only cloud on Air New Zealand’s horizon in coming months will be yield ... more

Air NZ posts higher normalised earnings

25 Feb 2015 Travel & Tourism
Article - BusinessDesk   Air NZ posts higher normalised earnings By Fiona Rotherham Feb. 25 (BusinessDesk) - Air New Zealand... more

Sport

STEPHEN FLEMING: Nervy in the end but New Zealand will take the positives

1 Mar 2015 Cricket
STEPHEN FLEMING: Nervy in the end but New Zealand will take the positives Win shows why Brendon McCullum’s men can be considered... more

New Zealand Cricket salutes Martin Crowe

1 Mar 2015 Cricket
New Zealand Cricket has saluted Martin Crowe ahead of his induction into the International Cricket Council’s Hall of... more

Columns

Gordon Campbell on the wage hike for MPs, and Paul Robeson

27 Feb 2015 Opinion
  Gordon Campbell on the wage hike for MPs, and Paul Robeson Hard to tell what is more infuriating. Is it the 5.3% increase on... more

Gordon Campbell: Are NZ troops the least of IS’s problems?

25 Feb 2015 Opinion By Gordon Campbell
Gordon Campbell on whether New Zealand troops are the least of Islamic State’s problems   Given that it has been ... more

Kiwi Success

New Consul-General to Sydney

20 Feb 2015 Appointments
Foreign Minister Murray McCully has named diplomat Billie Moore as New Zealand’s new Consul-General in Sydney. "Ms Moore will... more

New Ambassador to Ethiopia and the AU

20 Feb 2015 Appointments
New Zealand Government New Ambassador to Ethiopia and the AU Foreign Minister Murray McCully has named diplomat Bruce Shepherd as ... more

Recruitment

Workforce skills target lifted

19 Feb 2015 Recruitment
Tertiary Education, Skills and Employment Minister Steven Joyce says better-than-expected Better Public Services results mean the ... more

Strong job growth and record labour market participation

4 Feb 2015 Recruitment
The latest labour market data shows continuing strong employment growth with 80,000 more jobs added to the New Zealand economy in ... more