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

McCully visits Iraq ahead of NZ deployment

24 Mar 2015 News
  Foreign Minister Murray McCully travelled to Baghdad yesterday for talks with Iraq’s Prime Minister Mr Haider al-Abadi... more

Trade Minister welcomes signing of NZ-Korea FTA

23 Mar 2015 News
New Zealand Government Trade Minister welcomes signing of NZ-Korea FTA Trade Minister Tim Groser today signed the New Zealand Korea... more

Business

NZ-Korea FTA signed amid spying, lost sovereignty claims

23 Mar 2015 Business News By Pattick Smellie
  NZ-Korea FTA signed amid spying, lost sovereignty claims March 23 (BusinessDesk) - A long-awaited free trade agreement... more

2degrees acquires Snap ISP for complete business offering

23 Mar 2015 Business News By Pattick Smellie
2degrees acquires Snap ISP for complete business offering March 23 (BusinessDesk) - 2Degrees, New Zealand's third-largest mobile... more

Living

2degrees lights up Auckland Harbour Bridge in World First

13 Mar 2015 Lifestyle
Fusing light, music, mobile and one of Auckland’s most recognisable landmarks together – 2degrees launched another Kiwi... more

Third Thursday Set to Groove

9 Mar 2015 Lifestyle
The sounds of legendary jazz musician Charles Mingus is set to raise the beat of Wellington’s waterfront on 19 March, when the... more

Property

NZ house prices rise 3.6% in February

12 Mar 2015 Property By Tina Morrison
  NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices March 12 (BusinessDesk) - New Zealand residential... more

Revealed: Auckland's cheapest suburbs

9 Mar 2015 Property
Many home buyers face long commute to Auckland jobs as they move to Wellsford, Pokeno and Hamilton. Only six areas of Auckland still... more

Migration

PM plays down claim war criminals are living in NZ

2 Mar 2015 Migration
Prime Minister John Key says he is not aware of any suspected war criminals from the former Yugoslavia in New Zealand. The claim that... more

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

Travel

Foss welcomes agreement for rental vehicle code

17 Mar 2015 Travel & Tourism
Associate Transport Minister Craig Foss is welcoming a move by the rental vehicle industry to establish a Code of Best Practice to... more

Productive discussions on Queenstown’s tourism workforce

6 Mar 2015 Travel & Tourism
Sustainable workforce solutions were at the centre of discussions between Government Ministers and tourism industry representatives... more

Sport

ICC World Cup 2015: Semi Final New Zealand beats South Africa by four wickets

24 Mar 2015 Cricket
New Zealand beats South Africa by four wickets. In... more

ICC Cricket World Cup Fever takes hold in New Zealand

24 Mar 2015 Cricket
Ahead of the first semi-final in the land of rugby, all talk is about cover drives and yorkers more

Columns

Gordon Campbell on Pacific spying

24 Mar 2015 Column By Gordon Campbell
  Gordon Campbell on Pacific spying, Obama as Spock and Kendrick Lamar So New Zealand has using the GCSB to spy on its friends ... more

STEPHEN FLEMING: SPIN AND THE FIFTH BOWLER JUST GIVE NEW ZEALAND THE EDGE

23 Mar 2015 Column
Both teams are playing with confidence and one look at the talent on show on either side means it has the potential to be a classic,... more

Kiwi Success

Tower names Seniors Money's Brett Wilson as CFO

18 Mar 2015 Appointments
  Tower names Seniors Money's Brett Wilson as CFO, replacing Boggs March 18 (BusinessDesk) - Tower, the listed general insurer,... more

Kiwi start-up Glassjar launches payments app in the US

6 Mar 2015 People
Glassjar, the kiwi software start-up whose app provides people an easy way of sharing bills, has launched in the United States. The... more

Recruitment

RESEND: 63% of Warehouse permanent staff now on career wage

20 Mar 2015 Recruitment By Fiona Rotherham
  RESEND: Warehouse says 63% of permanent staff now on 'career retailer wage' (Fixes fourth paragraph to show Warehouse is... more

Woodhouse welcomes skilled migrants

12 Mar 2015 Recruitment
Immigration Minister Michael Woodhouse welcomes new figures out today showing an increasing number of skilled migrants coming to ... more