Wednesday 9th December 2020
|Text too small?|
Trustpower Limited is aware from the media and Infratil Limited’s release to the NZX earlier today that Australian Super has approached Infratil with a view to acquiring a 100% interest in Infratil.
Infratil has rejected the approach. There has been no approach by Australian Super to Trustpower.
However, if the transaction is implemented as reported Infratil’s shares in Trustpower would be distributed pro rata to the Infratil shareholders. That would mean that no takeover offer or similar scheme of arrangement would directly apply to Trustpower.
Trustpower notes that the terms of Australian Super’s proposal, or Infratil’s response, may change and that may cause different implications for Trustpower’s shareholders.
Trustpower suggests that its shareholders keep abreast of future announcements from Infratil. Trustpower won’t be making further comment at this time.
See the link below for more details:
No comments yet
Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits
New Zealand Oil & Gas Limited (NZX: NZO) Half-Year Result 31 December 2020
Scales Corporation Limited (NZX: SCL) 2020 Annual Results Announcement
Marsden Maritime Holdings Limited (NZX: MMH) Half Year Result
Tourism Holdings Limited (NZX: THL) Interim Results FY21
Steel & Tube Holdings Limited (NZX: STU) Interim Results to 31 December 2020