✨ Companies Exemption Notice
No. 153 4383
SUPPLEMENT
TO THE
NEW ZEALAND GAZETTE
OF
THURSDAY, 16 DECEMBER 1982
Published by Authority
WELLINGTON: FRIDAY, 17 DECEMBER 1982
The Companies Exemption From Prospectus Requirements Notice
(No. 2) 1982
PURSUANT to section 56A of the Companies Act 1955, the Minister
of Justice, on the recommendation of the Registrar of Companies,
hereby gives the following notice.
NOTICE
-
This notice may be cited as the Companies Exemption from
Prospectus Requirements Notice (No. 2) 1982. -
In respect of a loan to be raised by New Zealand Steel
Development Ltd., outside New Zealand by the issue of guaranteed
floating rate notes amounting to not more than US$300,000,000 (of
which US$175,000,000 is to be raised during December 1982, Jan-
uary and February 1983 as the initial tranche) which notes are pro-
posed to be listed on the London Stock Exchange, New Zealand
Steel Development Ltd., and every prospectus, report, invitation,
advertisement, and other document issued or executed in connec-
tion with the raising of that loan (whether in respect of the initial
tranche or any subsequent tranche thereof), is hereby exempted
from the requirements of sections 47 to 52, 55, 95A and 95D of,
and the Fourth Schedule to, the Companies Act 1955, subject to
the following conditions:
(a) That New Zealand Steel Development Ltd., deliver to the
Registrar of Companies at Wellington within 21 days of
being issued two copies of the preliminary offering circular
and the final offering circular issued in connection with the
raising of the loan.
(b) That the Registrar of Companies is satisfied that the copies
of the preliminary offering circular are not materially dif-
ferent from the draft preliminary offering circular previ-
ously delivered to him.
(c) That New Zealand Steel Development Ltd:
(i) Enter into a trust deed with The Law Debenture Cor-
poration p.l.c. of London whereby The Law Debenture
Corporation p.l.c. agrees to act as trustee for the note-
holders; and
(ii) Deliver to the Registrar of Companies at Wellington
within 21 days of its execution two copies of the trust
deed.
(d) That New Zealand Steel Development Ltd., does not permit
any of the notes to be offered for sale or sold in New
Zealand except where it is a condition of the offer or sale
that the consideration for the notes shall be paid only from
foreign currency (as defined in section 28 of the Reserve
Bank Act 1964) not being foreign currency acquired with
New Zealand currency for the purpose of purchasing the
notes.
- This notice does not limit or affect the operation of the
Exchange Control Regulations 1978.
Dated at Wellington this 15th day of December 1982.
J. K. McLAY, Minister of Justice.
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VUW Te Waharoa —
NZ Gazette 1982, No 153
NZLII —
NZ Gazette 1982, No 153
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🏭 Companies Exemption From Prospectus Requirements Notice (No. 2) 1982
🏭 Trade, Customs & Industry15 December 1982
Exemption, Prospectus Requirements, Companies Act 1955, New Zealand Steel Development Ltd, Loan Raising, Floating Rate Notes, London Stock Exchange
- J. K. McLAY, Minister of Justice