Trustpower is a publicly-owned energy and telecommunications company listed on New Zealand’s Exchange (NZX). If you’d like to buy Trustpower shares (TPW) on the NZX, keep reading for a simple step-by-step guide to what you need to do.
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Trustpower is an electricity, gas and telecommunications provider that can trace its history back to Tauranga’s first power station in 1915. Headquartered in Tauranga, the company employs over 700 people throughout New Zealand.
Trustpower supplies electricity to more than 250,000 customers nationwide, and has over 90,000 telecommunications customer connections. It operates 38 hydro power stations across 19 hydroelectric power schemes, and provides broadband internet and phone services to customers around the country.
Trustpower was first listed on the New Zealand Stock Exchange in 1994. Infratil Limited holds 51% of voting shares in Trustpower, while a further 26.8% are held by Tauranga Energy Consumer Trust.
In its 2021 annual report, Trustpower announced the following key financial results to investors:
|Name||Trustpower Limited||Industry||Energy & Telecommunications Infrastructure|
|Type||Ordinary shares||Date listed on NZX||18 Apr 1994|
|End of financial year||March||Chairman||Paul Morton Ridley-Smith|
Fractional shares are fractions of company shares. Sometimes they’re made by brokers to allow those with limited funds to get access to stocks.
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