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Genesis Energy share offer

15:28 Thu Mar 13 2014
AAP

GENESIS ENERGY: WHAT'S ON OFFER:

* share offer opens to public March 29

* indicative share price between $1.35 and $1.65, with final share price announced March 28

* percentage of company being sold finalised March 26; will be between 30 per cent and 49 per cent

* bonus of one share per 15 held to be offered to NZ investors who hold shares for a year from float date

* shares listed on NZX main board on April 17

* implied gross dividend yield based on indicative share price forecast to range from 13.5 per cent to 16.5 per cent.

Source: Government media statement.