Tuesday, 20 February 2018

Announcement

GENERAL: TPW: JOINT BID FOR THE REMAINING SHARES OF KCE

07 Dec 2017 08:31NZX
7 December 2017

JOINT BID FOR THE REMAINING SHARES OF KING COUNTRY ENERGY LIMITED

King Country Energy Holdings Limited ("KCEHL"), a wholly-owned subsidiary of
Trustpower Limited, currently holds approximately 65.07% of the ordinary
shares of King Country Energy Limited ("KCE"). KCEHL has entered into an
implementation agreement (the "Implementation Agreement") with the trustees
of the King Country Electric Power Trust ("KCEPT"), the holder of
approximately 19.98% of the ordinary shares of KCE, pursuant to which KCEHL
and KCEPT formed an unincorporated joint venture to acquire the balance of
the ordinary shares of KCE.

In accordance with the Implementation Agreement, KCEHL and KCEPT have today
given notice of intention to make a full takeover offer to purchase all of
the ordinary shares in KCE at $5.00 per share.

For further information, please contact:

Vince Hawksworth
Chief Executive
021-223-4609
End CA:00311536 For:TPW    Type:GENERAL    Time:2017-12-07 08:31:01
Views: 52
TrustPower Ordinary Shares
 5.260 Change:
0.00
0.00%
 
Open:5.260 
High:5.260 
Low:5.260 
Volume:0 
Last Traded:07/02/18 09:05:58 
Bid:5.050 
Ask:5.100 
52-Wk High:6.050 
52-Wk Low:4.420