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Contact Energy Limited ( (COENF) ) has provided an update.
FirstCape Group Limited has disclosed a new substantial holding in Contact Energy Limited, accumulating 52,874,943 ordinary shares, equivalent to 5.056% of Contact’s issued capital. The position reflects aggregated interests held through its wholly owned subsidiaries Harbour Asset Management, BNZ Investment Services, and JBWere (NZ), highlighting the role of institutional fund managers in Contact’s share register.
Harbour Asset Management controls the largest portion of the stake via investment mandates with clients, while BNZ Investment Services holds a beneficial ownership interest in shares also managed by Harbour. JBWere (NZ) Limited contributes a further block of shares under discretionary investment management agreements, underscoring continued institutional confidence and potentially enhancing liquidity and governance engagement around Contact Energy.
More about Contact Energy Limited
Contact Energy Limited is a major New Zealand electricity generator and retailer, providing power and related energy services to residential, commercial, and industrial customers. The company operates in the listed utilities sector on the NZX, with a broad shareholder base and active participation from both domestic and international institutional investors.
For a thorough assessment of COENF stock, go to TipRanks’ Stock Analysis page.