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FMA completes review of Mighty River Power offer document

Media Release
12 April 2013

The Financial Markets Authority has completed its review of the Mighty River Power share offer document and is satisfied that it contains the information potential investors need to make an informed decision.

The offer document was registered last Friday, giving FMA five working days to review it before the allocation of shares begins.

FMA CEO, Sean Hughes, confirmed that due to the complex and significant nature of the listing, FMA engaged with Mighty River Power and the Crown well before the offer document was registered. This is in line with FMA’s guidance on Effective Disclosure published in June last year.

“FMA, Mighty River Power and the Crown worked constructively to ensure that the key information, including particularly the investment statement and principal risks, was presented clearly,” said Mr Hughes.

“The offer document is a significant source of information for anyone thinking of investing in a financial product, and while it’s not FMA’s role to endorse any offer, we are keen to work with issuers where we can.”

FMA has published a list of FAQs for potential retail investors on the Mighty River Power share offer including information on investing in shares, getting financial advice, and what you should do before making any decisions.

A copy of the FAQs can be found here.


Ends

Contact:
Tony Reid on 021 739 052 or tony.reid@fma.govt.nz