Government dangles allocation incentive to kiwis who pre-register for MRP

Mon, 04 Mar 2013

March 5 (BusinessDesk) – New Zealanders are being offered an allocation incentive to pre-register for shares in MightyRiverPower as the government ramps up a campaign to promote the $1.8 billion selldown of the state-owned power company. Those that pre-register over the next three weeks may be allocated 25 percent more shares than those who don’t pre-register if demand exceeds supply, Finance Minister Bill English and State owned Enterprises Minister Tony Ryall said in a statement. Pre-registration for the retail component of the sale is onl...

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