'If you've got shares in Contact, get rid of them now': NZ First HAMISH RUTHERFORDCHRIS SKELTON/STUFF NZ First MP Richard Prosser says the party will buy back shares in electricity companies at the price investors initially paid "and no more". A New Zealand First MP has warned investors to "get rid of" shares in Contact Energy, as it renews its promise to recreate a state-run electricity giant. READ MORE: Labour leader drops party's controversial policy"So if you've got shares in Contact, get rid of them now." But Labour ditched its NZ Power plan in 2015, while the Green Party also reformed its proposal to overhaul the sector. Contact Energy shares were offered to the public at $3.10 each back in 1999.

Source: Stuff August 23, 2017 00:47 UTC