BREAKING NEWS
Solicitor-General's office 'looking into' Losi Filipo assault case, says it was unaware of it ... Read more
Close

Regulator approves Mighty River prospectus

Last updated 10:58 12/04/2013

Relevant offers

Industries

BMW and Charge Net to create 'electric highway' in NZ by 2018 Disney said to be working with adviser on bid to buy Twitter Auckland roading contracts awarded on bribes and corruption, Crown says Hellaby takeover would create Australia's leading automotive market company Rocket Lab's Mahia launch site prepared for takeoff Privacy commissioner John Edwards weighs in on Yahoo hack Technology hubs putting Auckland on the map Daylight saving a 'non-event', especially compared to school holidays, EMA says Hewlett-Packard draws the line on 'non-genuine' printer cartridges Hawke's Bay's Elephant Hill winery founder Roger Weiss dies in Germany

The Financial Markets Authority (FMA) has given the nod to the Mighty River Power prospectus, paving the way for the public offer of shares in the power company to open on Monday as scheduled.

The FMA says it is satisfied the Mighty River Power offer document contains all the information investors need to make an informed decision.

The prospectus was registered last Friday, giving the market watchdog five working days to review it before the allocation of shares began.

Due to the complex and significant nature of the float the FMA had engaged with Mighty River Power and the Crown well before the document was registered, FMA chief executive Sean Hughes said.

"FMA, Mighty River Power and the Crown worked constructively to ensure that the key information, including particularly the investment statement and principal risks, was presented clearly," he said.

The authority has published a list of  frequently asked questions for potential retail investors on the offer, including information on investing in shares, getting financial advice, and what you should do before making any decisions.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content