Tilt Renewables Limited (“TLT”) – Intention to Delist
To: Market Participants
From: NZX Product Operations
Date: Friday, 23 July 2021
Subject: Tilt Renewables Limited (“TLT”) – Intention to Delist
Further to the announcement made by Tilt Renewables Limited (“TLT”) on Thursday, 15 July 2021 in relation to its Scheme of Arrangement (“Scheme”) with Powering Australian Renewables (“PowAR”) and Mercury NZ Limited (“MCY”) under which it is proposed that PowAR will effectively acquire TLT Australian business and Mercury will acquire TLT New Zealand business, NZX Operations advises of the intention for TLT to delist from the NZX Main Board.
Subject to TLT obtaining final court orders on Friday, 23 July 2021, the final day of trading in TLT will be Tuesday, 27 July 2021, with trading in TLT shares being halted and suspended at close of business. The record date for determining shareholder entitlements to participate in the Scheme is 7pm, Friday 30 July 2021.
Subject to final NZX conditions being met, and the Scheme implementing as proposed, TLT ordinary shares will be delisted and will cease to be quoted on the NZX Main Board from close of business on Tuesday, 3 August 2021.
Please contact NZX Product Operations on +64 4 496 2853 or firstname.lastname@example.org with any queries.
The zero-brokerage fee share trading platform is looking for ways to bring in revenue and make its business model more sustainable.
Fletcher Building achieved second-half profit margins of 9.5%, just below its target of 10% by the 2023 financial year.
Even under a “bear-case scenario”, the house building pipeline should support Fletcher’s medium-to-long-term performance.
Trading volumes were unusually light, with US markets closed tonight for a national holiday.
The shareholder representatives say the Fletcher board must bear ultimate responsibility for the company’s poor performance and the Gib plasterboard shortage.
NZME has only spent $5.3m of the $30m set aside for share buybacks.
Are banks being too slow to raise term deposit rates? Some analysts say yes.
Peter McIntyre, an investment adviser at Craigs Investment Partners, says New Zealand’s market has been "reliably well-behaved over the course of the day".
The firm has doubled its headcount and is looking to raise capital to expand its manufacturing and engineering focus into green hydrogen applications.
Meridian says the fact that Australia's electricity market has turned into a train wreck shows its decision to pull out was the right one.
The Ministry for Primary Industries estimated Fonterra’s restructuring would cost the average farmer between $135,000 and $400,000.
New Zealand's biggest transport operator plans to have its first 10 dual-fuel hydrogen trucks on the road next year.
Oanda market analyst Edward Moya said the absence of a Bitcoin rally could be a troubling sign for some investors.
Sky TV and MediaWorks will be brushing themselves off after a bruising response to their proposal scotched a SkyWorks deal.
It's important that constraints remain on Fonterra that counterbalance its privileged position in the dairy sector and the national economy, says TDB Advisory.