Read our market announcements from 2018
Notice of Allotment of Unsecured Subordinated Notes
For the purposes of Listing Rule 7.12.1, The New Zealand Refining Company Limited (Refining NZ) advises the following securities have been issued on 14 December 2018
Notice of Allotment of Unsecured Subordinated Notes 14/12/18Fuel Pipeline Inquiry
Refining NZ looks forward to working with the Government in the Inquiry into the 2017 outage on the Refinery to Auckland pipeline and the resilience of fuel supply into Auckland.
Fuel Pipeline Inquiry 07/12/2018Initial Interest Rate Announcement
Refining NZ sets initial interest rate for subordinated note offer.
Initial Interest Rate Announcement 29/11/2018Indicative Issue Margin Announcement
Refining NZ announces indicative issue margin for subordinated note offer
Indicative Issue Margin 26/11/18PDS Lodgement Announcement
Refining NZ lodges product disclosure statement for subordinated notes offer
Product Disclosure Announcement 20/11/18 Product Disclosure Statement (PDS) 20/11/18 Indicative Terms Sheet 20/11/18 Investor Presentation 20/11/18 Letter to Shareholder 20/11/18Cleansing Notice
Notice Pursuant to Regulation 49G(2)(e) of the Financial Markets Conduct Regulations 2014
Cleansing Notice 20/11/18Throughput and Margin Report September-October 2018
Processing Fee income for the September/October period was strong at NZD 57.8 million, underpinned by a Gross Refinery Margin (GRM) of USD 7.09 per barrel for the period and throughput of 7.64 million barrels – the second-highest in Refining NZ’s history.
NZR - Throughput and Margin Report September-October 2018 16/11/18Appointment of Independent Director - James Miller
Appointment of Independent Director – James Miller
Appointment of Independent Director - James Miller 26/10/18Refining NZ's Interim Report for the period ended 30 June 2018
Attached is Refining NZ’s Interim Report for the period ended 30 June 2018
Refining NZ Interim Report 2018 24/9/18Throughput and Margin Report July-August 2018
Throughput for this period was the second-highest in Refining NZ’s history, a testament to good collaboration with Refining NZ’s customers and reliable post-shutdown refinery operation, delivering a strong operational performance.
Throughput and Margin Report 19/092018Preliminary Half Year Announcement
The Directors of The New Zealand Refining Company Limited today announced the Company’s financial results for the six months to 30 June 2018.
NZX Announcement 2018 Interim Financials 23/8/18 2018 Condensed Consolidated Interim Financial Statements 23/8/18 Appendix 7 23/8/18Preliminary Half Year Result announcement
The New Zealand Refining Company Limited (trading as Refining NZ) confirms that it will announce its Preliminary Half Year Result for the six months to 30 June 2018 on Thursday 23 August, 2018.
Half Year Result announcement 9/8/2018Refinery welcomes dredging decision
Refining NZ welcomes the decision by the hearings panel appointed by the Northland Regional Council to grant resource consents for the Company’s dredging project.
Refinery welcomes dredging decision 18/7/2018Throughput and Margin Report - May-June 2018
Processing Fee income for the May/June period was NZD -2.8 million due to the impact of the May/ June maintenance shutdown. Major refits were completed successfully during this one in fifteen year event and position the refinery to capitalise on refining margins going forward. The refinery has been back in full operation since 6 July.
Throughput and Margin Report 17/7/2018Hydrocracker back in production
Further to the Company’s announcement on the 29th June 2018, we are pleased to advise that the hydrocracker is back in production.
Hydrocracker back in production 6/7/2018Hydrocracker Shutdown Update
Further to the Company’s announcement on the 26th June 2018, we expect the hydrocracker to produce on specification fuels by the middle of next week. The Net Profit After Tax impact is expected to be in the range of $5 to $7 million.
Hydrocracker Shutdown Update 29/6-2018Hydrocracker Shutdown
Last night, the hydrocracker unit was shutdown following a weld failure on a newly installed OEM isolation valve. This is unrelated to the earlier incident announced on 22nd June 2018. There is no harm to our people and our community and we are in the process of planning for the repair and subsequent restart.
Hydrocracker Shutdown 26/6/2018Refinery Update
Further to the Company’s announcements of the 28th May and 22nd June 2018 regarding delays to the restart, we expect the hydrocracker to produce on specification fuels today. We are now able to advise latest estimates of the shutdown costs which are in the range of $25-$30 million over the original $85m previously indicated to the market.
Refinery Update 25/6/2018Refinery Shutdown update
All of the critical maintenance and replacement work on the refinery shutdown has been completed.
Refinery Shutdown update 22/6/2018Appointment of Chief Executive – Mike Fuge
Following an International search, Refining NZ is pleased to announce the appointment of Mike Fuge as its new chief executive.
Appointment of Chief Executive – Mike Fuge 19/6/2018Notification of Acquisition of Securities - Ordinary Shares - Additional Purchase June 2018
For the purposes of Listing Rule 7.12.1 of the NZX Main Board/Debt Market Listing Rules, The New Zealand Refining Company Limited (NZR) advises that the following securities have been acquired:
Notification of Acquisition of Securities - Ordinary Shares 5/6/2018Share Buy-Back for Employee Share Purchase Scheme - Additional Acquisition
On 2 May 2018 The New Zealand Refining Company Limited (Refining NZ) announced its intention to buy-back not more than $303 thousand of its ordinary shares on-market through CRS Nominees Limited.
NZX Annnouncement 25/5/2018D&O Ongoing Disclosures - Multiple
Disclosure of Directors and Senior Managers Relevant Interests
D&O Ongoing Disclosures - Multiple 18/5/2018Throughput and Margin Report for March-April 2018
Processing Fee income for the March/April period was a solid NZD 45.8 million, underpinned by a Gross Refinery Margin3) (GRM) of USD 6.82 per barrel for the period and healthy throughput of 7.0 million barrels. The average exchange rate for the March/April period was USD/NZD 0.73.
Throughput and Margin Report 16/5/2018Notification of Acquisition of Securities
For the purposes of Listing Rule 7.12.1 of the NZX Main Board/Debt Market Listing Rules.
Notification of Acquisition of Securities 8/5/20182018 Share Buy-Back for Employee Share Purchase Scheme
2018 Share Buy-Back for Employee Share Purchase Scheme 2/05/2018Annual Shareholders Meeting, 23rd April 2018 – Poll Results
At Refining NZ’s Annual Meeting held in Auckland on 23 April 2018, shareholders were asked to vote on six resolutions. All resolutions were decided by poll.
All resolutions were passed by shareholders as outlined in the attached results.
Annual Shareholders Meeting 24/4/2018ASM Presentation and the Chairman’s and CEO’s Address
Annual Shareholders’ Meeting Presentation and the Chairman’s and CEO’s Address
Announcement 23/4/2018 2018 Annual Shareholder Meeting Presentation 23/4/2018 Chairman's Address 23/4/2018 CEO's Address 23/4/2018Annual Meeting - webcast
Refining NZ’s Annual Shareholder Meeting will be held at 2:00pm on Monday 23rd April 2018, at Eden Park, South Level 4 Lounge, Auckland.
Annual Meeting - webcast 20/4/2018SPH Notice - Wellington Management Group LLP
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013.
Shareholder Disclosure Document - Refining NZ employee shareholder
The New Zealand Refining Company Limited (“the Company”) is required to provide the following disclosure to all shareholders pursuant to sections 78(5) and 79 of the Companies Act 1993 (“the Act”) in respect of financial assistance to be provided by the Company in relation to the Refining NZ Employee Share Purchase Scheme (“the Scheme”).
Shareholder Disclosure Document - Refining NZ employee shareholder 28/3/2018Notice of Annual Meeting 2018
The New Zealand Refining Company will be holding its Annual Meeting on 23 April 2018 at Eden Park, Auckland,commencing at 2 pm.
Notice of Annual Meeting 2018 22/3/2018 EY - Review of Current Director Fee Practices 22/3/2018 S209C Notice 22/3/2018Refining NZ 2017 Annual Report
Refining NZ’s 2017 Annual Report.
Refining NZ 2017 Annual Report 22/3/2018Throughput and Margin Report November-December 2017
Refining NZ has finished the year strongly with full-year Processing Fee income at NZD 328.9 million, a 19% increase over prior year (2016 NZD 276.6 million).
NZR -Throughput and Margin Report 18/1/2018Throughput and Margin Report -January-February 2018
Refining NZ achieved a Gross Refinery Margin1) (GRM) of USD 7.54 per barrel for the January/February period and captured Processing Fee income of NZD 50.8 million for the period. This GRM was USD 0.71 per barrel higher than the November/December 2017 GRM of USD 6.83 per barrel even though the Singapore Dubai complex margin fell by USD 0.30 per barrel. Key drivers for this good result include the increased 2018 freight uplift and the benefits being realised from our growth initiatives.
Throughput and Margin Report -January-February 2018 20/3/2018Appointment of new director - Lindis Jones
Appointment of new director – Lindis Jones
Appointment of new director - Lindis Jones 16/3/2018Resignation of Director - Mike Bennetts
The Directors of The New Zealand Refining Company Limited advise that they have received the resignation from Mr Mike Bennetts as a Director of the Company.
Resignation of Director - Mike Bennetts 16/3/2018Director Nominations
Refining NZ will hold this year’s Annual Meeting on Monday 23rd April 2018 at Eden Park, Auckland.
Director Nominations 7/3/2018Full Year Announcement 2017
The New Zealand Refining Company Limited
Results for announcement to the market
Resignation of the Chief Executive Officer
The New Zealand Refining Company Limited (Refining NZ) announces that the Chief Executive Officer, Sjoerd Post, intends to step down after five years in this role.
Resignation of the Chief Executive Officer 27/2/2018Refinery welcomes Council finding on pipeline rupture
Refining NZ has welcomed the Northland Regional Council (NRC) finding that the refinery had no causative role in the September pipeline rupture, as well as its commendation for the refinery’s outstanding response.
Refinery welcomes Council finding on pipeline rupture 2/2/2018