Friday, 29 March 2024
Horizon Energy Distribution Ordinary Shares
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Horizon Energy Distribution Limited has provided NZX with a copy of their
Annual Report for 2013.
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End CA:00237862 For:HED Type:ANNREP Time:2013-06-27 08:55:59
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10 June 2013
The Annual Shareholders Meeting (ASM) of Horizon Energy Distribution Limited
is to be held at 10.00am on 8 August 2013 at the Ohope Chartered Club, Bluett
Road, Ohope.
The Company advises that the closing date for nominations of Directors for
election at the forthcoming ASM is 25 June 2013. All nominations must be
received by 12 noon on the closing date. Nominations must be made by a
security holder entitled to attend an
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Horizon Energy Distribution Limited ("Horizon Energy") wishes to clarify the
record date for the dividend to be paid on 27 June 2013. The dividend is
payable to shareholders on the register at 5.00pm on 14 June 2013 not 4 June
2013 as displayed in the announcement made 30 May 2013.
All other aspects of the 30 May 2013 profit announcement remain unchanged.
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End CA:00237005 For:HED Type:DIVIDEND Time:2013-06-04 10:05:04
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Attached is the amended Appendix 7 relating to the dividend announced 30 May
2013.
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End CA:00236990 For:HED Type:APPNDX7 Time:2013-06-04 08:32:04
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Horizon Energy Distribution Limited ("Horizon Energy") announces an audited
net profit after tax of $1.94 million for the year ended 31 March 2013. A
fully imputed dividend of 4 cents per share will be paid on 27 June 2013 to
shareholders on the register at 5:00pm on 4 June 2013.
The total dividend of 10 cents for the year, which includes the interim
dividend of 6 cents per share paid in December 2012 is a reduction of 7 cents
per share
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Whakatane based lines business Horizon Energy Distribution Limited ("Horizon
Energy") supports the views of Ms Karen Sherry, the Chairperson of Energy
Trusts of New Zealand (ETNZ) in calling for improved electricity regulation
that ensure consumers receive the benefits.
Horizon Energy Chairman, Mr Rob Tait says "that the evolution of the
regulatory regime for electricity has created an environment which allows
some generators and retailer
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Horizon Energy Distribution Limited''s ("Horizon Energy") wholly owned
subsidiary Aquaheat New Zealand Limited ("Aquaheat") could, on currently
available information, suffer a maximum pre-tax loss of $4 million ($2.9
million post tax) as a result of Mainzeal Property and Construction being
placed into receivership. This loss will reduce the forecast after tax
profitability of the Horizon Group to around $500,000 for the 2013 financial
year,
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Whakatane based lines business Horizon Energy Distribution Limited ("Horizon
Energy") advises the market that its 31 March 2013 year-end forecast after
tax profit has reduced to around $3.4 million from its previously announced
forecast of $4.3 million.
Horizon Energy Chairman, Mr Rob Tait says "the reduction is due to additional
transmission costs; provision made for a Commerce Commission required price
reduction; forecast operating loss
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Horizon Energy Distribution Limited''s wholly owned subsidiary, Aquaheat New
Zealand Limited is likely to incur a significant adverse financial impact
arising from the announcement yesterday of the appointment of Receivers to
Mainzeal Property and Construction Limited.
"Aquaheat is owed money on a number of contracts with Mainzeal. The actual
financial position is currently being assessed by Aquaheat''s management
however it is clear ther
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Horizon Energy Distribution Limited''s wholly owned subsidiary, Aquaheat New
Zealand Limited is likely to incur a significant adverse financial impact
arising from the announcement yesterday of the appointment of Receivers to
Mainzeal Property and Construction Limited.
"Aquaheat is owed money on a number of contracts with Mainzeal. The actual
financial position is currently being assessed by Aquaheat''s management
however it is clear ther
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