23/08/2013 - Z updates
At 11am on 19 August, Z Energy became New Zealand’s first listed transport fuels company.
The listing marks the end of the Initial Public Offer (IPO), a long and complex project requiring a huge amount of hard work from people inside and outside of Z.
Thankfully, we have a team of experienced and committed staff to run the business smoothly and safely while a project like this is on the go and, now that the IPO is behind us, we’re more focused than ever on delivering the service and value our customers expect and deserve.
Our cornerstone shareholders – Infratil and the New Zealand Super Fund – have retained 40 per cent of our company. But with around 10,000 new shareholders, we welcome the accountability we now have to a wide range of owners. We’re committed to earning the confidence of these new shareholders.
On top of our two cornerstone Kiwi shareholders, we now have a large proportion of retail Kiwi investors with the remainder made up of both Kiwi and offshore financial institutions. So what does all this mean for you? Quite simply, you should notice no difference. You might hear about Z in the media a bit more often in terms of what our share price is doing, but the way we do business with you won’t change. We’ll still be straight up, transparent and absolutely committed to customer satisfaction and delivering great results.
We’re excited about the opportunities that we face being a listed company, and look forward to adding real value to our customers, our new shareholders and to New Zealand.
As a New Zealand company, we believe we’ve got a backyard worth looking after. This is why we’re investing $26 million in building a biodiesel... read more