NZSA endorses offer structure as supporting long-term shareholder returns; largest shareholder Infratil wouldn't comment on whether it would support the raise.
Tauhara geothermal plant, where Contact plans drilling to explore increased capacity.
Contact Energy’s $525 million capital raise is “the right thing to do for the company and the right thing for shareholders,” says NZ Shareholders’ Association chief executive Oliver Mander.
The equity raise was announced alongside Contact’s record half-year earnings result on Monday.
