Wind-up proposal ‘makes no sense’ says Trustpower
Alarm as consumer trust and 26% Trustpower shareholder plans radical restructure.
Plans by a consumer trust to wind itself up and stop paying dividend cheques to power customers in the Tauranga area “make no sense,” Tauranga-based Trustpower says.
Shares in the power company were down 4.6% to $5.65 on the news this morning, wiping $84 million off its market
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Tim Hunter
Thu, 25 Jan 2018
Thu, 25 Jan 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Wind-up proposal ‘makes no sense’ says Trustpower
72949