Strong early interest in Mighty River Power pre-registration 5 Mar 2013
- Bill heralds start of major care and protection reforms News
- Support for new Customs and Excise Act News
- 350 opportunities for youth News
- Budget 2016: Maximising FTA implementation News
- NZ home values rise at 12.4% annual pace in May, QV says Business
- Kirkcaldie board holds firm on Brierley bid Business
- Two Degrees reports $33.1M full-year loss Business
- NZ terms of trade rise 4.4% in March quarter Business
- NZ Merino inks 5-year, $45M contract with Italy's Reda Business
- New Dressage Academy Launched to Find Future Stars Living
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.
16 May 2016 News
Asia New Zealand Foundation Shanghai trip to inspire New Zealand teachers A group of teachers hailing from Invercargill to Whangarei... more
16 May 2016 News
New Zealand Government Hon Louise Upston Minister for Women 15 May 2016 Highest ever percentage of women on state sector boards New... more
17 May 2016 Business News
Tuesday 17 May 2016 05:10 PM NZ dollar tumbles vs Aussie after RBA minutes, extends slide on inflation outlook May 17 ... more
29 May 2016 Arts
The Ageas Salisbury International Arts Festival, recently awarded silver for Best Tourism Event in South West Tourism Awards, is now... more
16 May 2016 Lifestyle
Crossing The Bridge Exhibition to Showcase Ashburton’s Migrant Community 16 May 2016 A photography and film exhibition... more
16 May 2016 Property
By Jonathan Underhill May 16 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor by market value,... more
30 Mar 2016 Migration
British High Commissioner Jonathan Sinclair is defending changes to skilled migrant rules for Britain but suggests they won't affect... more
16 May 2016 NZ Tourism
Article - BusinessDesk Monday 16 May 2016 12:20 PM Jucy plans to expand pod-style hotel chain to Australia in 2017 By Fiona... more
16 May 2016 Sport
Kids' Lit Quiz New Zealand’s ‘other’ national sport has its time to shine Monday, May 16 2016: There’s no... more
16 May 2016 Column
Column - Gordon Campbell Gordon Campbell on New Zealand’s support for the Kazakh dictatorship Thanks to Sacha Baron... more
12 May 2016 Appointments
New Zealand Government Hon Anne Tolley Minister for Social Development 12 May 2016 New appointments to Vulnerable Children’s... more
28 Apr 2016 Appointments
University of Otago University of Otago appoints next Dean of Pharmacy A leading researcher from Canada has been appointed as the... more
10 Mar 2016 Recruitment
New Zealand Government Hon Michael Woodhouse Minister for Workplace Relations and Safety 10 March 2016 Zero-hour contracts gone, PPL... more