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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 35C of the Securities Markets Act 1988 recorded the following information at 7 May 2012.

As at 7 May 2012, TrustPower Limited has 315,751,872 ordinary shares on issue. A total of 1,772,999 ordinary shares were held as treasury stock as at 7 May 2012.

     
Security Holder   Class of Security   Number
         
Infratil Limited   Shares   159,215,388
TECT Holdings Limited   Shares   103,878,838
         
Spread of Holders as at 7 May 2012      
         
Shares Holders % Shares %
1 to 999 1,501 11.35% 726,740 0.23%
1,000 to 1,999 2,096 15.85% 2,537,899 0.80%
2,000 to 4,999 8,431 63.73% 19,855,218 6.29%
5,000 to 9,999 781 5.90% 4,975,138 1.58%
10,000 to 49,999 371 2.80% 6,120,167 1.94%
50,000 to 99,999 17 0.13% 1,109,007 0.35%
100,000 to 499,999 15 0.11% 3,238,875 1.03%
500,000 to 999,999 6 0.05% 4,011,239 1.27%
1,000,000 plus 10 0.08% 273,177,589 86.51%
13,228 100.00% 315,751,872 100.00%
Subordinated Bonds Holders % Subordinated Bonds %
1 to 999 - 0.00% - 0.00%
1,000 to 1,999 1 0.02% 1,000 0.00%
2,000 to 4,999 3 0.05% 9,000 0.00%
5,000 to 9,999 659 11.78% 3,739,000 1.42%
10,000 to 49,999 3,739 66.82% 77,646,000 29.49%
50,000 to 99,999 811 14.50% 46,828,000 17.78%
100,000 to 499,999 341 6.09% 50,044,000 19.01%
500,000 to 999,999 20 0.36% 12,088,000 4.59%
1,000,000 plus 21 0.38% 72,950,000 27.71%
5,595 100.00% 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 9,999 468 12.29% 2,529,000 1.18%
10,000 to 49,999 2,623 68.87% 50,476,000 23.48%
50,000 to 99,999 445 11.69% 24,342,000 11.32%
100,000 to 499,999 239 6.28% 32,985,000 15.34%
500,000 to 999,999 10 0.26% 5,520,000 2.57%
1,000,000 plus 22 0.58% 99,146,000 46.11%
3,808 100.00% 215,000,000 100.00%
Shares Holders % Shares %
New Zealand 12,952 97.91% 314,324,588 99.55%
Australia 198 1.50% 1,268,318 0.40%
United Kingdom 24 0.18% 65,227 0.02%
United States of America 17 0.13% 30,864 0.01%
Other 37 0.28% 62,875 0.02%
13,228 100.00% 315,751,872 100.00%
Subordinated Bonds Holders % Subordinated Bonds %
New Zealand 5,521 98.68% 259,969,000 98.74%
Australia 25 0.45% 877,000 0.33%
United Kingdom 13 0.23% 263,000 0.10%
United States of America 9 0.16% 399,000 0.15%
Other 27 0.48% 1,797,000 0.68%
5,595 100.00% 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 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 7 May 2012)

         
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   2,315,899 0.73%
4 AMP Investments Strategic Equity Growth Fund*   1,681,135 0.53%
5 Accident Compensation Corporation*   1,260,635 0.40%
6 National Nominees New Zealand Limited*   1,253,919 0.40%
7 New Zealand Superannuation Fund Nominees Limited*   1,106,912 0.35%
8 Custodial Services Limited A/C 2   1,037,636 0.33%
9 Citibank Nominees (New Zealand) Limited*   868,780 0.28%
10 Custodial Services Limited A/C 18   842,605 0.27%
11 NZGT Nominees Limited - AIF Equity Fund*   636,972 0.20%
12 Custodial Services Limited A/C 4   614,781 0.19%
13 Custodial Services Limited A/C 1   534,603 0.17%
14 HSBC Nominees (New Zealand) Limited A/C State Street   513,498 0.16%
15 FNZ Custodians Limited   464,404 0.15%
16 New Zealand Depository Nominee Limited A/C 1   307,927 0.10%
17 NZPT Custodians (Grosvenor) Limited   295,698 0.09%
18 Custodial Services Limited A/C 16   290,345 0.09%
19 Brett Anthony Hart & Lynn Marion Fitness & Judith Louise Burney (Whakaaro Account)   217,000 0.07%
20 Forsyth Barr Custodians Limited 1-33   211,503 0.07%
  277,548,478 87.90%
     
* 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   16,761,000 6.37%
2 FNZ Custodians Limited   8,384,000 3.18%
3 Custodial Services Limited A/C 2   7,643,000 2.90%
4 Investment Custodial Services Limited A/C C   5,999,000 2.28%
5 Custodial Services Limited A/C 18   5,127,000 1.95%
6 Tea Custodians Limited*   2,960,000 1.12%
7 Forsyth Barr Custodians Limited 1-33   2,790,000 1.06%
8 Eastern Central Community Trust Inc   2,750,000 1.04%
9 Custodial Services Limited A/C 4   2,712,000 1.03%
10 Custodial Services Limited A/C 1   2,252,000 0.86%
11 Cogent Nominees (NZ) Limited*   2,210,000 0.84%
12 NZPT Custodians (Grosvenor) Limited*   1,953,000 0.74%
13 Forsyth Barr Custodians Limited 1-17.5   1,937,000 0.74%
14 Sterling Holdings Limited   1,827,000 0.69%
15 Custodial Services Limited A/C 16   1,395,000 0.53%
16 Presbyterian Savings & Development Society Of NZ Inc   1,250,000 0.47%
17 Carter Holt Harvey Retirement Plan   1,000,000 0.38%
18 F S Investments Limited   1,000,000 0.38%
19 New Zealand Methodist Trust Association   1,000,000 0.38%
20 Palmerston North City Council   1,000,000 0.38%
  71,950,000 27.32%
* These names are registered in the name of New Zealand Central Securities Depository Limited.