Frequently asked questions

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FAQs

What happens on the maturity of Infratil Bonds?

Because the Bonds are convertible debt obligations (with the exception as noted above of the Perpetuals and the new issue) Infratil has the right to either repay the Bonds with cash or to redeem the Bonds by issuing Infratil shares. In certain situations (which are detailed in the Investment Statements and Prospectus) Bondholders may demand redemption for shares.

In each case when Infratil Bonds have matured they have been repaid for cash.

What does Infratil use Bond funding for?

Infratil has issued twelve series of Bonds (four have been repaid) and there have been different factors behind each. The first issue in 1999 was of approximately $66 million and was used to purchase an interest in Wellington International Airport. Other issues have similarly been invested in assets Infratil has acquired.

Do Infratil Infrastructure Bonds have voting rights?

Not usually. In certain extraordinary situations the holders of each class of Bonds may vote on matters that effect them.

What are my rights as an Infratil Bondholder?

The Bondholders' rights are set out in the Investment Statement. However as there are technicalities and complexities in some of the terminology contained in this description it is a good idea to talk with a professional adviser such as a broker or financial planner. The Bonds are not subordinated, but in certain situations Bondholders may not have priority claims to the assets owned by Infratil.

Who is the Trustee of the Infratil Infrastructure Bonds?

The Trustee is Trustees Executors Limited, Level 5 10 Customhouse Quay, Wellington. Telephone : 04 495 0999.

What is the Trustee's monitoring role with regards to Infratil compliance with Bond covenants and terms?

The terms of Infratil’s Bonds are set out in their individual prospectus and trust deeds (and summarised in the relevant Investment Statement). Each six months Infratil provides the Trustee with a certificate signed by directors confirming its position relative to the Bond covenants and with regards to general compliance with Bond terms. Infratil has always recorded conformity. Bondholders are welcome to contact the Trustee to confirm Infratil’s compliance.

What are the contact details of brokers who trade Infratil Infrastructure Bonds?

ANZ NEW ZEALAND SECURITIES LIMITED
Level 7, 1 Victoria Street
Wellington
Free Phone (New Zealand): 0800 800 372

Contact: David Speight
Email: david.speight@anzsecurities.co.nz
CRAIGS INVESTMENT PARTNERS
Craigs Investment Partners House
158 Cameron Road
Tauranga
Freephone (New Zealand): 0800 272 442

Contact:
Email: headoffice@craigsip.com

FIRST NZ CAPITAL SECURITIES
Level 39, ANZ Centre
23-29 Albert Street, Auckland 
Free Phone (New Zealand): 0800 805 584

Contact: Jo Hikaka
Email: jo.hikaka@fnzc.co.nz
FORSYTH BARR
Level 21, Vodafone on the Quay
157 Lambton Quay
Wellington
Free Phone (New Zealand): 0800 367 227

Contact: Max Brown
Email: max.brown@forsythbarr.co.nz

WESTPAC BANKING CORPORATION, NZ BRANCH
PO Box 934,
Auckland 1010
Free Phone (New Zealand):0800 942 822

Contact: Matt Plowman
Email: matt_plowman@westpac.co.nz

Does Infratil have control of Trustpower?

Infratil owns 50.7% of Trustpower, Tauranga Energy Consumer Trust 26.8%. Approximately 13,000 predominantly small investors, many of whom are also electricity customers hold 16.5%.
Infratil appoints two Trustpower directors and supports the Tauranga Energy Consumer Trust's Director nominee to the Trustpower Board. Three other directors are independent, selected to ensure a diversity of experience and relevant backgrounds.

 

 

Who are the Directors of Trustpower?

Paul Ridley-Smith (Chairman) appt announced 18 December 2015 to take effect from 31 December 2015

Richard Aitken (Independent) appt 19 May 2010

Marko Bogoievski (Infratil)

Alan Bickers appointed 1 September 2014 

Sam Knowles (Independent)

Geoff Swier (Indpendent)

Susan Paterson (Independent) appointed 27 August 2015

Who are the Directors of Perth Energy?

The board of Perth Energy comprises:

  • Steve Fitzgerald (Chairman);
  • Roger Crawford – Morrison & Co;
  • Jon Biesse  – CIO of Hoperidge Capital;
  • Ky Cao (Managing Director)

 

 

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