NZX
30/09/2013 09:24
GENERAL
REL: 0924 HRS NZX Limited
GENERAL: NZX: NZX not reappointed as Gas Allocation Agent
NZX announces that following a competitive tender process, it has been
advised by the Gas Industry Company that it has not been reappointed to the
Gas Allocation Agent role.
NZX has held the Gas Allocation Agent contract since 10 June 2009, following
NZX's purchase of M-Co Limited, which had held the role since 2008. The five
year contract included an option of two potential two year renewals, however
the Gas Industry Company decided to put the role to tender after the initial
five years. The contract was valued at $680,000 per year.
The existing contract expires on 30 September 2013 and NZX is currently in
the process of discussing transition services with the Gas Industry Company
for the period required for the new provider to take over the role.
For more information please contact:
Kate McLaughlin
Corporate Communications
M: 027 533 4529
E: [email protected]
End CA:00241754 For:NZX Type:GENERAL Time:2013-09-30 09:24:09
Price at posting:
$1.28 Sentiment: None Disclosure: Held
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