The New Zealand Refining Company's 280 million shares are held by five major shareholders; BP, Exxon Mobil, Aotea Energy Limited, Garlow Management Incorporated and Chevron, as well as approximately 3,600 private and institutional investors.
On 21st February 2012, a majority of Refining NZ's Board of
Directors resolved to support an investment of NZ$365 million in a
Continuous Catalyst Regeneration Platformer (the 'CCR Project').
The size of the investment means the CCR Project requires
shareholder approval and an ordinary resolution will be put to the
Annual Meetinng on 27 April 2012.
The Board has recommended that shareholders support the motion
to invest in the CCR Project.
for more information regarding the CCR Project.
Annual General Meeting
The fiftieth Annual General Meeting Webcast is available here
Our Annual Report communications pack including
Annual Report 2011 and Company Profile was published in March