NZX waivers

Current NZX waivers granted to Contact Energy are set out below:

CEN030 Bonds – Waiver from NZX Debt Market Listing Rule 5.2.3

On 4 August 2015, NZX Regulation granted Contact a waiver from NZX Debt Market Listing Rule 5.2.3 in respect of Contact’s CEN030 bonds, for a period of twelve months from their quotation date, to the extent this Rule requires the bonds to be held by at least 500 members of the public. The waiver was granted on the conditions that:

  • Contact clearly and prominently displays this waiver, its conditions and their implications in the Terms Sheet for the CEN030 bonds;
  • Contact clearly and prominently displays this waiver, its conditions and their implications in its half-year report and its annual report for the year the waiver is relied on;
  • Liquidity is disclosed as a risk in the Terms Sheet for the CEN030 bonds; and
  • Contact notifies NZXR as soon as practicable if there is a material reduction to the total number of members of the public holding at least a minimum holding of the CEN030 bonds and/or the percentage of CEN030s held by members of the public holding at least a minimum holding.

NZX decision – Waiver from NZX Debt Market Listing Rule 5.2.3 (August 2015)