Powerco share offer
Powerco chief executive, Rod Stein, says that the share offer is well under way with applications pouring in at an increasing rate each day. "Interest in purchasing 'Ordinary Shares' has been particularly strong. At this stage, for every 'Free Founder Share' applied for we have received applications to buy two 'Ordinary Shares. If this trend keeps up it is very likely that the 'Ordinary Share' issue could be over subscribed." Mr Stein said he understood that quite a few lurn to page 6
Shares
From page 3 people had discarded or lost their share offer without realising the value of it. "These people can apply for a new one but will have to sign a declaration that the original one had been lost." This can be arranged on the help-line 0800-508-818, or at the help desk. The share offer closes on 20 September. Mr Stein emphasised that customers must apply for their entitlement for shares, they are not automatically issued.
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Ruapehu Bulletin, Volume 11, Issue 501, 31 August 1993, Page 3
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163Powerco share offer Ruapehu Bulletin, Volume 11, Issue 501, 31 August 1993, Page 3
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