Scheme of Arrangement Update
TRANSACT
Mon, Mar 31 2025 08:30 am
On 11 September 2024 Manawa Energy Limited (‘Manawa’) (NZX Code: MNW) announced it had entered into a Scheme Implementation Agreement (‘SIA’) with Contact Energy Limited (‘Contact’) under which Contact agreed to acquire all of Manawa's shares through a Scheme of Arrangement (Scheme).
The SIA is conditional upon the satisfaction of certain conditions, including New Zealand Commerce Commission (‘NZCC’) approval.
NZCC was due to release its clearance decision by 31 March 2025. Manawa notes that the NZCC has confirmed that it is extending the deadline for its decision by six weeks to 9 May 2025.
Subject to receiving clearance on or before 9 May 2025 Manawa expects the remaining conditions to be satisfied and completion of the Scheme to occur by mid-2025.
-ends-
Investor enquiries:
Phil Wiltshire Chief Financial Officer
Ph 027 582 6600
[email protected]
Media enquiries:
Jen Spence Communications
Ph 027 306 2618
[email protected]
Announcement PDF
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