HORIZON ENERGY DISTRIBUTION LIMITED COMPLETES ACQUISITION OF THE CONTRACTING ARM OF HASTIE’S NEW ZEALAND HEATING, VENTILATION, AND AIRCONDITIONING BUSINESSES

Whakatane based lines business; Horizon Energy Distribution Limited (“Horizon Energy”) is pleased to announce that it has successfully completed the purchase of the contracting Heating, Ventilation and Air-conditioning businesses of Hastie New Zealand Limited and Aquaheat Industries Limited.

The new business, Aquaheat New Zealand Limited, will continue trading from 1 September 2012.

31 August, 2012 - 16:49

Following receipt of the Commerce Commission’s draft electricity distribution default price decision to reset prices charged by electricity distribution businesses, Horizon Energy Distribution Limited Chief Executive Ajay Anand responded to say that “Horizon Energy would review the information released from the Commission and would make further submissions to the Commission regarding some aspects of the proposed price reset. The reset will apply to prices charged from 1 April 2012 to 31 March 2015”.

22 August, 2012 - 16:35

Attached is the Chairman's Address to Horizon Energy's 18th Annual Shareholders Meeting held on 09 August 2012 together with Director Independence and Results of 2012 Annual Meeting.

11 August, 2012 - 17:31

Horizon Energy Distribution Limited (“Horizon Energy”) is pleased to announce the purchase of the contracting Heating, Ventilation and Air-conditioning businesses of Hastie New Zealand Limited and Aquaheat Industries Limited. The acquisition, subject to certain conditions being met by 31 August 2012, is by way of the business and assets of Wellington based Aquaheat Industries, Auckland based Hastie New Zealand and Christchurch based Professional Building Services.

9 August, 2012 - 09:23

View Horizon Energy Distribution Limited's 2012 Annual Report.

29 June, 2012 - 10:27

The Annual Shareholders Meeting (ASM) of Horizon Energy Distribution Limited is to be held at 10.00am on 9 August 2012 at the Ohope Chartered Club, Bluett Road, Ohope.

11 June, 2012 - 09:05

Electricity distribution company Horizon Energy Distribution Limited has announced an audited net profit after tax of $6.4 million for the year ended 31 March 2012.

Refer attached documentation.

30 May, 2012 - 11:05

Following the completion of its pricing review process, Horizon Energy has released its Electricity Line charges that will apply from 1 April 2012.

Attached is the media release announcing the price changes.

For more information, please refer to the 2012-13 pricing methodology paper under the Disclosures section of this web site.

8 May, 2012 - 12:29

Listed electricity distribution and contracting company Horizon Energy Distribution Limited advises today that its twelve months financial results to 31 March 2012 (due to be announced Tuesday 29 May 2012) is forecast to be around $6 million compared to the previous announced forecast made in November 2011 of $5.6 million.

The increased profit is largely due to the reversal of losses recorded in the first six months in the mark to market value of its interest rate derivative instruments and savings in transmission costs. 

For further information please contact:

30 March, 2012 - 15:00

It has been brought to our attention that a company called Zero Commission NZ Ltd has written to some Horizon Energy Distribution Limited (“Horizon”) shareholders with a conditional offer to buy Horizon shares for $3.07 per share.

The Horizon Board does not endorse this offer.

The last share trade on 8 January 2012 was at a price of $3.40 per share.

9 January, 2012 - 16:12

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