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Retrieving Data

Security Holder Information

Substantial Security Holders

The Company's register of substantial security holders, prepared in accordance with Section 26 of the Securities Markets Act 1988 recorded the following information at 2 May 2011.

As at 2 May 2011, TrustPower Limited has 315,751,872 ordinary shares on issue. A total of 1,103,417 ordinary shares were held as treasury stock as at 2 May 2011.

     
Security Holder Class of Security Number
Infratil Limited Shares 159,215,388
TECT Holdings Limited Shares 103,878,838
     
Spread of Holders as at 2 May 2011
     
Shares Holders % Shares %
1 to 999 1,453 11.03% 700,879 0.22%
1,000 to 1,999 2,005 15.22% 2,413,467 0.76%
2,000 to 4,999 8,567 65.04% 20,005,919 6.34%
5,000 to 9,999 739 5.61% 4,701,381 1.49%
10,000 to 49,999 355 2.70% 5,760,201 1.82%
50,000 to 99,999 17 0.13% 1,243,264 0.39%
100,000 to 499,999 18 0.14% 3,358,692 1.06%
500,000 to 999,999 7 0.05% 5,069,456 1.61%
1,000,000 plus 10 0.08% 272,498,613 86.31%
13,171 100.00% 315,751,872 100.00%
Subordinated Bonds Holders % Subordinated Bonds %
1 to 999 - 0.00% - 0.00%
1,000 to 1,999 - 0.00% - 0.00%
2,000 to 4,999 4 0.07% 11,000 0.00%
5,000 to 9,999 679 11.79% 3,845,000 1.46%
10,000 to 49,999 3,853 66.90% 80,008,000 30.40%
50,000 to 99,999 836 14.51% 47,948,000 18.21%
100,000 to 499,999 347 6.02% 50,325,000 19.11%
500,000 to 999,999 20 0.35% 12,332,000 4.68%
1,000,000 plus 21 0.36% 68,836,000 26.14%
5,760 100.00% 263,305,000 100.00%
Senior Bonds Holders % Senior Bonds %
1 to 999 - 0.00% - 0.00%
1,000 to 1,999 - 0.00% - 0.00%
2,000 to 4,999 1 0.03% 2,000 0.00%
5,000 to 9,999 476 12.38% 2,572,000 1.20%
10,000 to 49,999 2,636 68.53% 50,441,000 23.46%
50,000 to 99,999 454 11.80% 24,745,000 11.51%
100,000 to 499,999 245 6.37% 34,402,000 16.00%
500,000 to 999,999 13 0.34% 7,325,000 3.41%
1,000,000 plus 21 0.55% 95,513,000 44.42%
3,846 100.00% 215,000,000 100.00%
Shares Holders % Shares %
New Zealand 12,900 97.93% 314,229,352 99.53%
Australia 192 1.47% 1,308,686 0.41%
United Kingdom 23 0.17% 41,767 0.01%
United States of America 18 0.14% 34,918 0.01%
Other 38 0.29% 137,149 0.04%
13,171 100.00% 315,571,872 100.00%
Subordinated Bonds Holders % Subordinated Bonds %
New Zealand 5,691 98.79% 260,190,000 98.83%
Australia 21 0.37% 595,000 0.21%
United States of America 9 0.16% 399,000 0.15%
United Kingdom 13 0.23% 203,000 0.08%
Other 26 0.45% 1,918,000 0.73%
5,760 100.00% 263,305,000 100.00%
       

Voting Rights

Every shareholder present in person, by proxy or by representative, on a vote by voices or a show of hands has one vote, and on a poll has one vote for each fully paid share held. Shares held as treasury stock do not have voting rights.

Stock Exchange Listing

The Company's shares and subordinated bonds are listed on the NZSX and NZDX, respectively.

Current Credit Rating Status

TrustPower does not currently have an external credit rating.

Current Nzx Waivers

NZX has granted a waiver dated 23 March 2006 from NZSX Listing Rule 8.1.7 (change of option exercise price or number of underlying securities) to enable the Company to issue options under the Company's Executive Share Option Plan dated 28 February 2006 (as amended on 12 May 2006) in accordance with the exercise price formula contained in the Rules of the Plan. That exercise price formula permits the exercise price to be recalculated on a daily basis which may not be permitted by Listing Rule 8.1.7. The waiver has been granted on the condition that options outstanding issued under the Plan do not exceed 1% of the total shares of the Company. This waiver was varied on 6 July 2006 to permit TrustPower to vary the exercise price of Options issued on 29 May 2006 by amending the formula to permit the dividend with a record date of 26 May 2006 to be included in the calculation of the exercise price, notwithstanding that the record date of such dividends was prior to the issue date of the Options. NZX has also granted a waiver in May 2011 from NZSX Listing Rule 9.3.1 to permit the Directors of the Company and their respective Associated Persons to vote on resolutions of shareholders approving the issue of series of convertible subordinated bonds in which the Directors and Associated Persons of Directors are eligible to participate.

Nzx Disciplinary Action

There has been no action taken by NZX in relation to the Company under Listing Rule 5.4.2.

 
Largest Security Holders (as at 2 May 2011)
       
Rank Holder Name Shares %
1 Infratil Limited 159,215,388 50.42%
2 TECT Holdings Limited 103,878,838 32.90%
3 Custodial Services Limited A/C 3 2,163,960 0.69%
4 AMP Investments Strategic Equity Growth Fund* 1,602,323 0.51%
5 National Nominees New Zealand Limited* 1,403,465 0.44%
6 New Zealand Superannuation Fund Nominees Limited* 1,361,156 0.43%
7 Premier Nominees Ltd –OnePath Wholesale Australasian Share Fund* 1,115,667 0.35%
8 Accident Compensation Corporation* 1,000,171 0.32%
9 Custodial Services Limited A/C 2 950,669 0.30%
10 Citibank Nominees (New Zealand) Limited* 917,789 0.29%
11 Custodial Services Limited A/C 18 806,033 0.26%
12 NZGT Nominees Limited – AIF Equity Fund* 669,752 0.21%
13 Custodial Services Limited A/C 1 664,841 0.21%
14 Brett Anthony Hart 400,000 0.13%
15 HSBC Nominees (New Zealand) Limited A/C State Street 331,426 0.10%
16 New Zealand Depository Nominee Limited A/C 1 324,787 0.10%
17 ASB Nominees Limited 373317 ML A/C 272,250 0.09%
18 Custodial Services Limited A/C 6 228,625 0.07%
19 Custodial Services Limited A/C 16 214,582 0.07%
20 New Zealand Equity Nominee Pool* 187,618 0.06%
278,769,712 87.95%
   
* These names are registered in the name of New Zealand Central Securities Depository Limited.
   
Rank Holder Name Subordinated Bonds %
1 Custodial Services Limited A/C 3 16,290,000 6.19%
2 FNZ Custodians Limited 7,748,000 2.94%
3 Custodial Services Limited A/C 2 7,257,000 2.76%
4 Custodial Services Limited A/C 18 5,193,000 1.97%
5 Investment Custodial Services Limited 4,892,000 1.86%
6 TEA Custodians Limited* 2,960,000 1.12%
7 Eastern Central Community Trust Inc 2,750,000 1.04%
8 Forsyth Barr Custodians Limited 1-33 2,746,000 1.04%
9 Custodial Services Limited A/C 4 2,495,000 0.95%
10 NZ Guardian Trust Investment Nominees Limited* 2,270,000 0.86%
11 Custodial Services Limited A/C 1 2,029,000 0.77%
12 Sterling Holdings Limited 1,827,000 0.69%
13 Forsyth Barr Custodians Limited 1-17.5 1,670,000 0.63%
14 NZPT Custodians (Grosvenor) Limited* 1,442,000 0.55%
15 Presbyterian Savings & Development Society Of NZ Inc 1,250,000 0.47%
16 Custodial Services Limited A/C 16 1,017,000 0.39%
17 Carter Holt Harvey Retirement Plan 1,000,000 0.39%
18 F S Investments Limited 1,000,000 0.39%
19 New Zealand Methodist Trust Association 1,000,000 0.39%
20 Palmerston North City Council 1,000,000 0.39%
67,836,000 25.75%
 
* These names are registered in the name of New Zealand Central Securities Depository Limited.