Acquisition | MANAWA ENERGY LTD | 8th July 2025
On Sep 11, 2024, CONTACT ENERGY LTD announced to acquire all MANAWA ENERGY LTD shares through a scheme of arrangement. Under the Scheme, MANAWA ENERGY LTD shareholders would receive 0.583 CONTACT ENERGY LTD share and NZD 1.12 in cash for each MANAWA ENERGY LTD share. On Jun 18, 2025, the scheme was approved by MANAWA ENERGY LTD shareholders. On July 3, 2025, the High Court approved the Scheme. Since the last date of trading is July 7, 2025, MANAWA ENERGY LTD will be removed from the index effective on July 8, 2025.
The treatment below will be applied to the following indices:
- MANAWA ENERGY LTD will be removed from the Index.
- The weight of MANAWA ENERGY LTD (MNW.NZ) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 08/07/2025
Solactive New Zealand Sustainable Leaders Index (NZ NTR)
Solactive New Zealand Sustainable Leaders Index (NZ PR)
Solactive New Zealand Sustainable Leaders Index (NZ TR)
- MANAWA ENERGY LTD will be removed from the Index.
- The shares of CONTACT ENERGY LTD (CEN.NZ) will be increased according to the stock terms of the transaction.
- The cash portion of the transaction will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 08/07/2025
Solactive New Zealand Top 50 AUD Index (NZ NTR)
Solactive New Zealand Top 50 AUD Index (NZ PR)
Solactive New Zealand Top 50 AUD Index (NZ TR)
Solactive New Zealand Top 50 Index (NZ NTR)
Solactive New Zealand Top 50 Index (NZ PR)
Solactive New Zealand Top 50 Index (NZ TR)