11 February 2016
Taumarunui – New Zealand - King Country Energy Holdings Limited, a subsidiary of Trustpower Limited, has made a full takeover offer for King Country Energy Limited.
KCE’s Target Company Statement, dated 30 November 2015, stated that KCE’s CEO, Rob Foster, had an associate who held 13,830 KCE shares and that the associate had not decided whether or not to accept Trustpower’s takeover offer.
Mr Foster has now advised the Independent Committee that his associate has accepted Trustpower’s offer for 13,830 KCE shares.