The Government announced on the weekend details of how New Zealanders can participate in the Mighty River Power Share Offer.

The Government announced the following four initiatives to put New Zealanders at the front of the queue for shares, make it easier for them to buy shares and encourage long-term ownership:

  • A guarantee that New Zealanders seeking up to $2000 worth of shares will not have their application scaled back.

    • A minimum application for Mighty River Power shares of $1000.

      • The provision of loyalty bonus shares in Mighty River Power for New Zealand investors.

        • The appointment by Treasury of a retail syndicate of brokers and banks to help potential investors – particularly first-time share investors – understand how they can participate in the share offer.