Read our recent market announcements 2021
Climate Change Litigation Update
The Court of Appeal confirmed today that all claims against Refining NZ have been struck out.
Climate Change Proceedings Update 21/10/21Refining NZ Operational Update for July/August 2021
Refining NZ Operational Update for July/August 2021
Refining NZ Operational Update for July/August 2021 21/09/21In-principle agreement on import terminal reached with Mobil
Refining NZ confirms that it has now reached in-principle agreement1 with Mobil Oil New Zealand Limited (“Mobil”) on key commercial terms including price for a potential import terminal operation at Marsden Point. This means Refining NZ now has the agreement of all three of its existing refinery customers, with similar agreements having been reached with each of bp in February 2021 and Z Energy in May 2021.
Term Sheet Agreement with Mobil 30/08/21Director changes at Refining NZ
Refining NZ announces the appointment by the Board of John Bourke as a Director of the Company, effective 10 September 2021.
Director changes at Refining NZ 27/08/21Half Year Results 2021
Refining NZ today released its interim financial results, reporting an EBITDA of $41.5 million –with simplified refinery changes enabling the Company to operate cash neutral at the Fee Floor.
HY2021 Results Commentary 19/08/21 Financial Results Announcement 19/08/21 Condensed Interim Financial Statements 19/08/21 HY2021 Investor Presentation 19/08/21Lender Consent and Import Terminal Conversion Funding Confirmed
The New Zealand Refining Company Limited (“Refining NZ” or the “Company”) announces that the Company’s lenders have granted their consent for the Company to transition to and operate as an import terminal. They have also agreed to extend and increase the Company’s debt facilities to fund conversion costs.
Debt Facilities and Lender Consent 19/08/21HY2021 Financial Results Announcement Date and Presentation
Refining NZ’s financial results for the six-months ending 30 June 2021 will be announced to the market on Thursday 19 August 2021.
HY21 Results Announcement Date 11/08/212021 Special Meeting - Voting Results
At the Special Meeting of the Shareholders of The New Zealand Refining Company Limited held today shareholders have voted to approve the Company’s transition to become an import-only fuel terminal, under the name ‘Channel Infrastructure’.
2021 Special Meeting - Voting Results 06/08/212021 Special Meeting - Presentation Materials
Special Meeting of Shareholders, held 6th August 2021
RNZ Special Meeting - Chairman and CEO 06/08/21 RNZ Special Meeting - Presentation 06/08/21Refining NZ announces directorship change
Refining NZ advises that director Riccardo Cavallo will be resigning his directorship with Refining NZ in the coming months, due to Mr Cavallo moving to a new role outside of Australasia with his employer, Mobil.
Directorship Change 27/07/21Refining NZ Operational Update for May/June 2021
Refining NZ Operational Update for May/June 2021
Refining NZ Operational Update for May/June 2021 21/07/21Release of Shareholder Materials for Import Terminal Vote
The New Zealand Refining Company Limited (“Refining NZ” or the “Company”) today announces the release of a Notice of Special Meeting, Explanatory Booklet and Independent Appraisal Report in connection with its proposal to convert Refining NZ’s Marsden Point site into a dedicated fuel import terminal and cease operations as a toll oil refinery (the “Proposal”). The announcement today is the culmination of the Strategic Review that the Company has been undertaking since April 2020, to determine the optimal business model and capital structure for its assets.
Announcement - Terminal Conversion Proposal 05/07/21 Terminal Conversion Proposal - Explanatory Booklet 05/07/21 Notice of Special Meeting 05/07/21 Refining NZ Special Meeting - Proxy 05/07/21 Refining NZ Meeting Guide - Special Meeting 05/07/21 Terminal Conversion Proposal - Investor Presentation (5 July 2021) 05/07/212021 Annual Shareholders Meeting - voting results
At the 2021 Annual Shareholders Meeting of The New Zealand Refining Company Limited’s held on 29 June 2021 at Eden Park, Auckland, and online, shareholders were asked to vote on 4 resolutions, all of which were supported by the Board.
2021 Annual Shareholders Meeting - voting results 30/06/21Annual Shareholder Meeting 2021 - Presentation Materials
The New Zealand Refining Company Limited provides a copy of the Chairman’s Address, CEO’s Address and Presentation to the Annual Shareholders’ Meeting.
Chairman's Address 29/06/21 CEO's Address 29/06/21 ASM Presentation 29/06/21Disclosure of movement in Substantial Holding Notification
Disclosure of movement in Substantial Holding Notification, showing Accident Compensation Corporation holdings in The New Zealand Refining Company Ltd.
Substantial Holding Notification - Accident Compensation Corporation 04/06/21Senior Manager Ongoing Disclosure Notices
Directors & Officers Disclosure Notice - Denise Jensen 04/06/21 Directors & Officers Disclosure Notice - Jack Stewart 04/06/21Notice of 2021 Shareholder Meeting
The 2021 Annual Shareholders’ Meeting of The New Zealand Refining Company Limited will be held on Tuesday 29 June at 2.00pm, in the Level 4 Lounge, South Stand, Eden Park, Reimers Avenue, Kingsland, Auckland.
Notice of Annual Shareholder Meeting 2021 28/05/21 Notice of Meeting 28/05/21 Refining NZ Proxy 28/05/21 NZR Virtual Meeting Guide 28/05/21Strategic Review Update - Commercial Agreement with Z
Refining NZ confirms that it has today reached in-principle agreement with Z Energy Limited on key commercial terms including price for the potential future import terminal operation at Marsden Point. The agreement reached with Refining NZ’s largest customer follows a similar agreement reached with bp in February 2021.
Strategic Review Update - Commercial Agreement with Z 25/05/21Refining NZ Operational Update for March/April 2021
Refining NZ Operational Update for March/April 2021
Refining NZ Operational Update for March/April 2021 24/05/21Senior Managers - Ongoing Disclosure Notices
Ongoing Disclosure Notices for Jack Stewart, Chief Operating Officer and Denise Jensen, Chief Financial Officer
Ongoing Disclosure Notice - Denise Jensen 04/05/21 Ongoing Disclosure Notice - Jack Stewart 04/05/21Import Terminal negotiations
Refining NZ notes the media speculation on Tuesday 13 April 2021 about the current status of the import terminal negotiations.
Update on Import Terminal Negotiations 14/04/21Notice of Financial Assistance - Employee Share Scheme
Provision of Financial Assistance under Employee Share Purchase Scheme.
Employee Share Scheme 06/04/21Capital Change Notice - Employee Share Scheme
Capital Change Notice – Employee Share Scheme
Capital Change Notice - Employee Share Scheme 06/04/21Capital Change Notice - CEO and management share rights
Capital Change Notice – CEO and management share rights
Capital Change Notice - CEO and management share rights 01/04/21Renewal of Resource Consents
Refining NZ today announced it has been granted a 35-year resource consent to operate both refinery and import terminal operations at its Marsden Point site.
Renewal of Resource Consents 01/04/212021 Annual Meeting and Director Nominations
Refining NZ advises that its 2021 Annual Shareholders Meeting will be held on Tuesday 29 June 2021. The venue, time and other details relating to the meeting will be advised in the Notice of Meeting to be sent to all shareholders in due course.
2021 Annual Meeting and Director Nominations 19/03/21Refining NZ Operational Update for January/February 2021
Refining NZ Operational Update for January/February 2021
Operational Update for January/February 2021 19/03/21Tsunami warning – Marsden Point Oil Refinery
Refining NZ advises that the Marsden Point oil refinery site has been safely evacuated in accordance with its Emergency Response Plan in response to the Tsunami Warning issued by the National Emergency Management Agency following the magnitude 8.1 earthquake near the Kermadec Islands.
Tsunami warning – Marsden Point Oil Refinery 05/03/212020 Results Announcements
2020 Full Year Announcement and Investor Presentation
Results Announcement - Commentary 17/02/21 Results Announcement 17/02/21 Financial Statements 2020 17/02/21 Investor Presentation 17/02/212020 Financial Results Announcement Date
Refining NZ’s financial results for the year ending 31 December 2020 will be announced to the market on Wednesday 17 February 2021.
2020 Financial Results Announcement Date 12/02/21Director Changes
Refining NZ announces the appointment by the Board of Lucy Nation as a Director of the Company, effective 1 February 2021.
Director Changes 29/01/21Refining NZ Operational Report - November/December
Refining NZ Operational Update for November/December 2020
Refining NZ Operational Update for November/December 2020 22/01/21