Pfi or prospective financial information as set out in section 6 of the mighty river power share offer investment statement and prospectus 4. Mighty river power general offer fact sheet 5 april 20 share offer at a glance the crown is offering to sell up to 686,000,000 or 49% of the ordinary shares in mighty river power limited. Mighty river power and retail brand mercury energy rebranded to a single new brand, mercury, on 29 july 2016. The electricity corporation of new zealand ecnz was broken up into three stateowned generating companies mighty river power, genesis energy and meridian energy. Finlands generation mix is made up of wind, thermal, nuclear and hydro power. Mighty river power is a company with a great new zealand heritage, and a leader in this countrys electricity industry with the flagship retail brand mercury energy and other specialty brands. Mighty river power welcomes the opportunity to make a submission to the electricity commission in response to the consultation paper proposed changes to model domestic contract and model use of system agreement, dated march 2008. Rivernorth marketplace lending corporation june 5, 2019 supplement to the funds prospectus and statement of additional information, each dated october 29, 2018, as supplemented from time to time effective as of june 7, 2019, rivernorth marketplace lending corporation the fund will cease to. This notice is to notify all participants that to systemically cater for code change for mighty river power limited asx code.
Mighty river power, po box 445, hamilton 3240, new zealand karl. Annual financial report for the year ended 30 june 2016. Mighty river power investors hold on through whiteknuckle. Mighty river power reports increase in net profit and. Weighing up pros and cons of mighty river power prospectus. Free and open company data on new zealand company mighty river power limited company number 5734712, 33 broadway, newmarket, auckland, 1023. Mighty river power share offer investment solutions. Mighty river powers fy20 financial results above ipo. Our core business is focused on sustainably harnessing natural resources to produce electricity. This prospectus is a simplified disclosure prospectus for an offer of capital bonds that will rank in priority to the ordinary shares of mighty river power limited which are quoted on the nzx main board and the asx. Global share market database including us, canada, london, singapore, australia, hong kong, and new zealand.
Mighty river powers mum and dad investors appear to be sticking by the company, despite a bumpy ride in share price. Rivernorthdoubleline strategic opportunity fund, inc. River power share offer investment statement and prospectus we. Mighty river power ceo expenses a official information. The treasury has released material relating to the government share offers programme, which consisted of share offers for mighty river power, meridian energy and genesis energy, and a reduction in the crowns shareholding in air new zealand. Crown have registered a combined investment statement and prospectus dated 5 april 20 offer document in relation. Mighty river power achieved a solid operating performance as the company continued to achieve gains in market share in electricity sales to customers and benefited from higher hydro volumes. No part of our submission is confidential and we are happy for it to be publicly released. Mighty river powerturitea wind farm project summary of. National industries and pancontinental mining and mighty. Investor sees red over mighty rivers name change stuff. Detailed share price, charts and news for mighty river power limited ns ordinary shares nzx,mrp. Mighty river power is a new zealand electricity company, with a flexible portfolio of electricity generation assets including the waikato hydro system, a strong national retail presence and a focus on domestic generation and international geothermal development opportunities. The mighty river power prospectus has this to say about the bluff smelter.
The united kingdom held a referendum on 23 june 2016 in which a majority of voters voted to exit the. Visit website request informationquote download pdf copy. Defeat for hirepool is victory for investors milford asset. Prospectus rivernorthdoubleline strategic opportunity. The company changed its name to mercury nz limited on 29 july 2016, after. The form asked the submitter to tick support, oppose or neutral for each application. The 3d geothermal modeling consists of constructing an integrated interpolation of disparate datasets, including well. Mighty river power limited ns ordinary shares findata.
Random testing suspicionless or other than eventtriggered was not included among the circumstances in which this unilaterally imposed policy and procedure was to apply. Mighty river power does wish to be heard in support of its submission. This prospectus, including the industry overview, presents market data. Check the latest operating updates here and older ones further below. In 2015, the company under the mighty river power brand generated 17% of the countrys. Mighty river power took over the ownership and operation of the eight hydroelectric power stations on the waikato river. A description of the offer and the shares is set out in section 7. Mighty river power this product ruling applies to the transfer of shares in mighty river power limited which includes the loyalty bonus shares, by the crown to new zealand applicants under the initial. Simplified disclosure prospectus for an offer of interest bearing capital bonds. Ngatamariki is a geothermal power station commissioned in 20 and operated by mercury energy.
The mighty river power share offer is made pursuant to the terms and conditions set out in a combined investment statement and prospectus dated 5 april 20, as amended on 22 april 20. Nzas reduced its electricity consumption in 2012 by 9 per cent and announced in august 2012 that low prices for aluminium produced at tiwai pt. In mighty rivers prospectus the company outlined plans for international expansion with geothermal developments in south america and. Mighty river powers resource and development strategy at. Mighty river power share offer ipo completion by mercury. Dear mighty river power limited, i would like to request the following information under the official information act 1982. Electric vehicle proponent and power supplier mighty river power is rebranding, under the name of its subsidiary, mercury. Meridian energy limited investment statement and prospectus.
Kawerau, mighty river power, new zealand abstract the kawerau power station was commissioned beginning in june 2008. Mighty river power believes the focus and priority of the gas industry co should. Mighty river power is an integrated energy generation, trading, retailing and metering business. Bringing together mighty river power and mercury energy under the mercury brand allows us to focus on what matters most inspiring and rewarding our customers and owners. Rivernorth marketplace lending corporation june 5, 2019. Mighty river power how is mighty river power abbreviated. Last fridays launch felt like the unveiling of the budget, with a large media pack waiting expectantly for the precious document and. Energy margin is sales less lines charges, energy costs and other direct costs of sales including metering.
Mighty river power is a company with a great new zealand heritage, and a leader in this country. The growth and evolution of mighty river power has been driven by smart. More than 90 per cent of mighty river powers generation is from renewable sources. Meetings with management were held before prospectuses were available, and broker reports were distributed to institutional investors at an early stage in the process.
Respec has provided geothermal reservoir data visualization services to mighty river power since 2009 and has assisted in developing threedimensional 3d geothermal conceptual models for rotokawa, mokai, kawerau, and ngatamariki reservoirs in the taupo volcanic rift zone. Ironically, major changes began to appear during the governments partial sale of mighty river power, meridian energy and genesis energy. Mrp share offer document registered and loyalty bonus. The first of these sales is for shares in mighty river power limited mrp offer. During the half year, mighty river powers electricity price to customers increased. She is a thing of beauty, the mighty river power prospectus. Case study mighty river power about mighty river power mighty river power is one of new zealands largest electricity companies and among the largest listed on the new zealand share market, with its core business based on renewable generation complemented by sales to homes and businesses. Mighty river power takes direct control of geothermal.
Mighty river power 2015 annual shareholders meeting. Octopus renewables infrastructure trust plc prospectus. Three month operating information to 31 march 2020. The offer of shares in mighty river power limited is made by the crown on the terms and conditions set out in a combined investment statement and prospectus dated 5 april 20 the share offer. Every year the power stations operated by mighty river power generate enough electricity for about 1 million new zealand homes. Mighty river power share offer the new zealand herald. The proposed national policy statement for renewable electricity generation. The agreement with the managing partners of geoglobal energy gge llc, the manager of the gge fund in which mighty river power is the cornerstone investor, provides for mighty river power to.
The specific provisions of the proposal that mighty river power limiteds mighty river power submission relates to are outlined and detailed below. More information on the governments mixed ownership model programme, of which the mrp offer forms part, can. Mighty river power shares the gas industry cos view that consistent with the overall policy framework facilitating competition is the primary vehicle for promoting good outcomes for all consumers 1 16. Mighty river power met with the settlement trust and provided a copy of the full assessment of environmental effects aee on 15 january 20.
Mighty river power has supported the naan proposal through each of the consultation steps on the matter, in 2007, 2008 and now 2009. Mercury is the most widelyowned business in new zealand with core strengths in harnessing renewable energy and innovating for our customers. Mighty river power investment statement and prospectus. The government share offers programme was completed in april 2014. It is anticipated that mighty river power will be able to provide a further update on determining cultural concerns on 1 march 20. Mercury nz limited is a new zealand electricity generation and electricity retailing company. We see the naan upgrade as part of ensuring a robust transmission grid that provides security of supply and enables the generation market to. Act limits the financial markets authoritys power to consider or. This offer document is a combined investment statement and prospectus for the. It is the largest single user of electricity in new zealand accounting for per cent of electricity demand in 2012.
Were thinking boldly about the future and how we can use energy in wonderful ways to inspire kiwis, creating a brighter. David glendining head of communications t 0272 105 337 tim thompson investor relationstreasury t 0275 173 470 end ca. Prospectus 10,500,000 shares rivernorthdoubleline strategic opportunity fund, inc. Find us at our new linkedin home by searching mercury nz or via the link below. Mighty river power was established on 1 april 1999, when the 1998 reform of the electricity sector took effect. This action was required as the isin for mcy did not change. As one of the countys big four in energy it has as its focus raising productivity in established power plants as opposed to constructing new power stations. This offer document relates to the offer by the crown of ordinary shares in mighty river power limited. Ecnz into three soes meridian, mighty river power and.
1554 1367 208 659 187 1416 22 1394 88 1327 1422 1529 1573 1527 1159 356 366 1160 1413 1603 316 941 965 700 1113 615 756 1533 1338 1539 1624 675 737 1495 44 1326 19 704 898 1466 928 493 369 508 862 1216 535