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Current as of 18/12/14 07:40PM NZST

Tamsyn Parker

Money Editor for NZ Herald

Mighty River share sign-ups hit 400,000

Pre-registration for the Government's share offer in Mighty River Power has been popular, with more than 400,000 people signing up. Photo / NZ Herald
Pre-registration for the Government's share offer in Mighty River Power has been popular, with more than 400,000 people signing up. Photo / NZ Herald

More than 400,000 people have now pre-registered their interest in buying Mighty River Power shares.

Tony Ryall, minister for state-owned enterprises, said the pre-registration website and the 0800 call centre had been extremely busy since the pre-registration programme was launched.

People who pre-register can received up to 25 per cent more shares if the offer is oversubscribed. All New Zealand individual investors are guaranteed $2000 worth.

The pre-registration process closes on Friday at 5pm.

Ryall urged those who were interested to go to the government's website before the close-off deadline.

"We encourage New Zealanders who are interested in finding out more about the Mighty River Power Share Offer to pre-register their interest. Pre-registering does not oblige you to apply for shares and will allow us to keep you informed."

The investment offer document is expected to be available mid-April ahead of a May listing.

The Government is selling up to 49 per cent of Mighty River Power.


Infographic: Claudia Ruiz

- NZ Herald

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