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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 as at 28 April 2014.

Security Holder

Class of Security

Number

Infratil Limited

Shares

159,215,388

TECT Holdings Limited

Shares

103,878,838

As at 28 April 2014, Trustpower Limited had 315,751,872 ordinary shares on issue. A total of 2,869,477 ordinary shares were held as treasury stock as at 28 April 2014.

Spread of Holders as at 28 April 2014

Shares

Holders

%

Shares

%

1 to 999

1,509

11.99%

724,004

0.23%

1,000 to 1,999

2,046

16.26%

2,483,324

0.79%

2,000 to 4,999

7,920

62.93%

18,706,529

5.92%

5,000 to 9,999

714

5.67%

4,591,123

1.45%

10,000 to 49,999

351

2.79%

5,745,903

1.82%

50,000 to 99,999

15

0.12%

1,042,712

0.33%

100,000 to 499,999

16

0.13%

3,440,693

1.09%

500,000 to 999,999

5

0.04%

3,713,594

1.18%

1,000,000 plus

9

0.07%

275,303,990

87.19%

 

12,585

100.00%

315,751,872

100.00%

Subordinated Bonds

Holders

%

Subordinated Bonds

%

1 to 999

0

0.00%

0

0.00%

1,000 to 1,999

1

0.02%

1,000

0.00%

2,000 to 4,999

0

0.00%

0

0.00%

5,000 to 9,999

609

13.01%

3,406,000

1.42%

10,000 to 49,999

3,176

67.83%

62,863,000

26.19%

50,000 to 99,999

609

13.01%

35,501,000

14.79%

100,000 to 499,999

250

5.34%

37,426,000

15.59%

500,000 to 999,999

15

0.32%

9,494,000

3.96%

1,000,000 plus

22

0.47%

91,309,000

38.05%

 

4,682

100.00%

240,000,000

100.00%

Senior Bonds

Holders

%

Senior Bonds

%

1 to 999

0

0.00%

0

0.00%

1,000 to 1,999

0

0.00%

0

0.00%

2,000 to 4,999

1

0.03%

2,000

0.00%

5,000 to 9,999

445

12.05%

2,436,000

1.14%

10,000 to 49,999

2,522

68.31%

48,744,000

22.67%

50,000 to 99,999

445

12.05%

24,554,000

11.42%

100,000 to 499,999

245

6.64%

35,627,000

16.57%

500,000 to 999,999

13

0.35%

7,979,000

3.71%

1,000,000 plus

21

0.57%

95,658,000

44.49%

 

3,692

100.00%

215,000,000

100.00%

Shares

Holders

%

Shares

%

New Zealand

12,309

97.81%

312,997,244

99.13%

Australia

195

1.54%

1,726,994

0.54%

United Kingdom

21

0.17%

57,703

0.02%

United States of America

19

0.15%

29,732

0.01%

Other

41

0.33%

940,199

0.30%

 

12,585

100.00%

315,751,872

100.00%

Subordinated Bonds

Holders

%

Subordinated Bonds

%

New Zealand

4,634

98.98%

236,634,000

98.60%

Australia

11

0.24%

1,698,000

0.71%

United Kingdom

10

0.22%

113,000

0.05%

United States of America

11

0.23%

339,000

0.14%

Other

16

0.33%

1,216,000

0.50%

 

4,682

100.00%

240,000,000

100.00%

Senior Bonds

Holders

%

Senior Bonds

%

New Zealand

3,656

99.02%

211,231,000

98.25%

Australia

9

0.24%

2,084,000

0.97%

United Kingdom

1

0.03%

15,000

0.01%

United States of America

10

0.27%

534,000

0.25%

Other

16

0.44%

1,136,000

0.52%

 

3,692

100.00%

215,000,000

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 are listed on the NZSX and its senior and subordinated bonds are listed on the NZDX.

Current Credit Rating Status
Trustpower does not currently have an external credit rating.

Defined Share Buyback Programme
At the 2011 Annual Meeting of the Company held on 28 July 2011, an ordinary resolution was passed to authorise the buyback by the Company of up to 5 million of its shares, being less than 2% of the total number of its shares, by way of offers made through NZX’s order matching market during the period of 36 months following the Annual Meeting (Defined Share Buyback Programme). It was noted that such acquisitions may result in the percentage of voting shares held or controlled by TECT Holdings Limited (TECT) in the Company, increasing in aggregate by a maximum of 0.54% above the percentage held or controlled by TECT immediately before the first share buyback effected after the commencement of the Defined Share Buyback Programme.

As at 31 March 2014:

(a) the Company has acquired 1,698,513 shares under the Defined Share Buyback Programme Buyback;

(b) the number of Trustpower voting shares on issue that were held or controlled by TECT was 103,878,838 shares which represented 33.19% of all Trustpower voting shares on issue;

(c) the percentage of all Trustpower voting shares on issue that were held or controlled, in aggregate, by TECT and TECT’s associates was 33.19%;

(d) the maximum percentage of all Trustpower voting shares on issue that could be held or controlled by TECT if the Company acquired the approved maximum number of Trustpower shares is 33.54%;

(e) the maximum percentage of all Trustpower voting shares on issue that would be held or controlled, in aggregate, by TECT and TECT’s associates if the Company acquired the approved maximum number of Trustpower shares is 33.54%.

The following assumptions have been applied for the purposes of providing the above particulars:

(f) the number of Trustpower voting shares is the number of Trustpower voting shares on issue on
31 March 2014;

(g) there is no change in the total number of Trustpower voting shares on issue between 31 March 2014 and 28 July 2014, being the end of the buyback period, other than as a result of the Defined Share
Buyback Programme;

(h) TECT and Infratil Limited do not participate in the Defined Share Buyback Programme; and

(i) the Company acquires the approved maximum number of its own shares.

Current NZX Waivers
There are no current NZX Waivers.

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 28 April 2014)

Rank

Holder Name

Shares

%

1

Infratil Limited

159,742,389

50.58%

2

TECT Holdings Limited

103,878,838

32.89%

3

New Zealand Superannuation Fund Nominees Limited*

2,630,145

0.83%

4

BNP Paribas Nominees (NZ) Limited*

2,377,651

0.75%

5

Accident Compensation Corporation*

1,816,655

0.57%

6

Custodial Services Limited A/C 3

1,636,541

0.51%

7

Citibank Nominees (New Zealand) Limited*

1,235,067

0.39%

8

National Nominees New Zealand Limited*

868,671

0.27%

9

Custodial Services Limited A/C 2

816,687

0.25%

10

TEA Custodians Limited*

581,409

0.18%

11

Custodial Services Limited A/C 18

574,054

0.18%

12

Custodial Services Limited A/C 4

403,228

0.12%

13

FNZ Custodians Limited

362,860

0.11%

14

Forsyth Barr Custodians Limited 1-33

329,417

0.10%

15

Brett Anthony Hart & Lynn Marion Fitness & Judith Louise Burney (Whakaaro Account)

285,000

0.09%

16

Brett Anthony Hart

270,000

0.08%

17

New Zealand Depository Nominee Limited A/C 1

233,897

0.07%

18

Custodial Services Limited A/C 1

210,479

0.06%

19

Custodial Services Limited A/C 16

195,916

0.06%

20

New Zealand Permanent Trustees Limited*

195,146

0.06%

278,644,050

88.15%

*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

18,848,000

7.85%

2

Forsyth Barr Custodians Limited 1-33

9,868,000

4.11%

3

Custodial Services Limited A/C 2

9,224,000

3.84%

4

FNZ Custodians Limited

8,285,000

3.45%

5

Forsyth Barr Custodians Limited 1-17.5

5,871,000

2.45%

6

Investment Custodial Services Limited A/C C

5,186,000

2.16%

7

Custodial Services Limited A/C 18

4,851,000

2.02%

8

Custodial Services Limited A/C 4

3,340,000

1.39%

9

Custodial Services Limited A/C 1

3,327,000

1.39%

10

BNP Paribas Nominees (NZ) Limited*

3,310,000

1.38%

11

Eastern Central Community Trust Inc

2,750,000

1.15%

12

Forsyth Barr Custodians Limited 1-30

2,527,000

1.05%

13

NZPT Custodians (Grosvenor) Limited*

2,033,000

0.85%

14

New Zealand Methodist Trust Association

2,000,000

0.83%

15

Forsyth Barr Custodians Limited Account 1 E

1,825,000

0.76%

16

Citibank Nominees (New Zealand) Limited*

1,471,000

0.61%

17

Custodial Services Limited A/C 16

1,291,000

0.54%

18

Forsyth Barr Custodians Limited 1-28

1,227,000

0.51%

19

Lynette Therese Erceg & Darryl Edward Gregory & Catherine Agnes Quinn (Saint Jude’s A/C)

1,075,000

0.45%

20

Carter Holt Harvey Retirement Plan

1,000,000

0.42%

89,309,000

37.21%

* These names are registered in the name of New Zealand Central Securities Depository Limited.