HomeInfratil News1999Infratil Completes Settlement of Purchase of 23.6 Million Notes in TrustPower

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Infratil Completes Settlement of Purchase of 23.6 Million Notes in TrustPower

17 Feb 1999

Infrastructure & Utilities NZ Limited ("Infratil") advised that it had completed settlement under its agreement with the Rotorua Energy Charitable Trust ("RECT") dated 8 February 1999 and acquired the 23.6 million TrustPower Limited convertible notes and 236,000 redeemable preference shares for $2.75 per convertible note and $0.01 per redeemable preference share.

This agreement with RECT required full settlement by not later than 31 March 1999.




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