✨ Powerco Limited Financial Statements
1 SEPTEMBER NEW ZEALAND GAZETTE 2713
POWERCO LIMITED - LINE BUSINESS
During the year Powerco Limited also purchased motor vehicles from a company in which Mr I J Cunningham a Director has an interest. The purchase price was the most competitive of the prices obtained.
No related party debts have been written off or forgiven during the year.
17 SIGNIFICANT EVENTS AFTER BALANCE DATE
a Taranaki Energy Proposal
An announcement was made on 26 April 1995 that the Directors of Powerco Limited and Taranaki Energy Limited were discussing forming a closer relationship, possibly involving an amalgamation. The Heads of Agreement for a possible amalgamation have been signed but the amalgamation proposal is subject to shareholder approval.
b Bonus Issue
The Board at a meeting on 16 May 1995 declared a dividend by way of a bonus share issue of 1 share for every 5 fully paid shares. Partly paid shares also receive the issue in proportion to the amount paid up on the shares on 16 June 1995. The bonus issue is to be made on the 8 July 1995.
c Reregistration
Powerco Limited was reregistered under the 1993 Companies Act effective from 15 June 1995.
There were no other significant events after balance date.
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VUW Te Waharoa —
NZ Gazette 1995, No 91
NZLII —
NZ Gazette 1995, No 91
✨ LLM interpretation of page content
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Financial Statements for Powerco Limited
(continued from previous page)
🏭 Trade, Customs & Industry11 August 1995
Financial statements, Electricity, Information Disclosure Regulations, Powerco Limited, Certification
- I. J. Cunningham, Director with interest in company