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Tilt Renewables is now part of the Powering Australian Renewables Group following completion of the Scheme of Arrangement between Powering Australian Renewables (“PowAR”)and Mercury NZ Limited (“Mercury”) on 3 August 2021.

Scheme of Arrangement

Under the Scheme of Arrangement, Tilt Renewables Limited's New Zealand incorporated subsidiaries were acquired by Mercury Wind Limited on 3 August 2021 and, following that, 100% of the shares in Tilt Renewables were acquired by Powering Australian Renewables.

The above acquisitions were made under the scheme of arrangement approved by Tilt Renewables' shareholders on 14 July 2021 and by the High Court of New Zealand on 23 July 2021 for a consideration of NZD $8.035 per share.

Tilt Renewables ceased to be listed on the NZX on 3 August 2021 and on the ASX on 4 August 2021.

Do you hold shares in Tilt Renewables?

To receive your money from the sale of your shares under the Scheme of Arrangement, you need to provide your bank account details to Computershare as payments by cheque will no longer be made. To do this you need to log into the Computershare investor centre at www.investorcentre.com/nz or call Computershare on 09 488 8777 for assistance.