Ann: SSH: MRP: SSH Notice - Her Majesty the Queen in right of New Zealand

• Release Date: 23/06/14 15:17
• Summary: SSH: MRP: SSH Notice - Her Majesty the Queen in right of New Zealand
• Price Sensitive: No
• Download Document  5.46KB

					MRP
23/06/2014 15:17
SSH

REL: 1517 HRS Mighty River Power Limited (NS)

SSH: MRP: SSH Notice - Her Majesty the Queen in right of New Zealand

Mighty River Power Limited Template Notice
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988

Relevant event being disclosed:  Disclosure of movement of 1% or more in
substantial holding
Date of relevant event:  19 June 2014
To:  NZX Limited
And:  Mighty River Power Limited (MRP)
Date this disclosure made:  23 June 2014
Date last disclosure made:  15 May 2013

Substantial security holder(s) giving disclosure
Name(s):  Her Majesty the Queen in right of New Zealand (the Crown)
Contact Name: C/- The Treasury (Attention:  Chris White)
Contact Number:  +64 4 472 2733
Email: [email protected]

Summary of substantial holding to which disclosure relates
Class of listed voting securities:  Ordinary Shares in MRP (Shares)
Summary for:  The Crown
For this disclosure,-
(a) total number held in class:   740,841,219
(b) total in class:  1,376,600,366
(c) total percentage held in class: 53.82%
For last disclosure,-
(a) total number held in class:  739,122,254
(b) total in class:   1,400,000,094
(c) total percentage held in class:  52.79%

Details of transactions and events giving rise to relevant event
New Zealand Superannuation Fund purchased 560,000 shares on 19 June 2014.

Details of relevant interests in substantial holding after relevant events
Details for the Crown

Nature of relevant interest(s):  Registered holder and beneficial owner of
Shares.  The Crown's relevant interest is subject to the qualification that
the Crown has undertaken not to offer for sale, or accept offers for, its
residual holding of Shares during the period from 14 May 2013 to the
expiration of 180 days after that date without the prior written consent of
each of First NZ Capital Securities Limited and Credit Suisse (Australia)
Limited (First NZ/Credit Suisse), Goldman Sachs New Zealand Limited (Goldman
Sachs) and Macquarie Securities (NZ) Limited (Macquarie) (First NZ/Credit
Suisse, Goldman Sachs and Macquarie are referred to together as the Joint
Lead Managers) (such consent not to be unreasonably withheld) pursuant to the
Offer Management Agreement dated 4 April 2013 (the Offer Management
Agreement) between the Crown, MRP and the Joint Lead Managers. A copy of the
Offer Management Agreement has previously been filed.  Further, pursuant to
the Public Finance Act 1989, the Crown must hold at least 51% of the Shares
on issue.
For that relevant interest,--
(a) number held in class:   724,615,722
(b) percentage held in class: 52.64%
(c) current registered holder(s) of securities: Her Majesty the Queen in
Right of New Zealand acting by and through Her Minister of Finance and
Minster for State Owned Enterprises
(d) registered holder(s) of securities once transfers registered: N/A

Nature of relevant interest(s):  Beneficial owner of shares managed or
administered by the Guardians of New Zealand Superannuation as manager and
administrator of the New Zealand Superannuation Fund by virtue of the fact
that the New Zealand Superannuation Fund is the property of the Crown
pursuant to the New Zealand Superannuation and Retirement Income Act 2001.
For that relevant interest,--
(a) number held in class:  15,897,497
(b) percentage held in class:  1.15%
(c) current registered holder(s) of securities:  New Zealand Superannuation
Fund Nominees Limited
(d) registered holder(s) of securities once transfers registered: N/A

Nature of relevant interest(s):  Beneficial owner of Shares held by Public
Trust on trust for the Crown and certain iwi, pursuant to a deed of trust
between the Crown and the Public Trust.
For that relevant interest,--
(a) number held in class:  88,000
(b) percentage held in class:  0.01%
(c) current registered holder(s) of securities:  Public Trust Class 50
Nominees Limited
(d) registered holder(s) of securities once transfers registered:  N/A

Nature of relevant interest(s):  The Crown has a relevant interest in shares
held by the Rangit?ne O Wairau Settlement Trust by virtue of a Deed of
Embargo between the Rangit?ne O Wairau Settlement Trust and the Crown dated 8
May 2013 (the Deed of Embargo) pursuant to which the Crown can prevent the
Rangit?ne O Wairau Settlement Trust from disposing of Shares held by it until
the earlier of (a) the date that is two years from 14 May 2013; and (b) the
date on which an Agreement in Principle (or equivalent) settling Rangit?ne O
Wairau's historical Treaty of Waitangi claims against the Crown has been
signed by the Crown and Rangit?ne O Wairau.  A copy of the Deed of Embargo
has previously been filed.
For that relevant interest,--
(a) number held in class:  240,000
(b) percentage held in class:  0.02%
(c) current registered holder(s) of securities:  Judith MacDonald, Jeffrey
Hynes and Richard Andrell (in their capacities as trustees of the Rangit?ne O
Wairau Settlement Trust)
(d) registered holder(s) of securities once transfers registered:  N/A

Additional information
Nature of connection between substantial security holders:  N/A
Address(es) of substantial security holder(s): : C/- The Treasury (Attn:
Chris White), PO Box 3724, Wellington 6140

Declaration
I, Chris White, declare that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00251889 For:MRP    Type:SSH        Time:2014-06-23 15:17:47