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The outstanding calibre of local students who apply for the Rotorua Trust’s Tertiary Study Awards continues to amaze Trustees. 

In presenting the awards, Trust education spokesperson, Judy Keaney, said the calibre keeps getting higher and higher each year.  “We have some wonderful young people in our city and it is always a privilege for the Trust to recognise them with these awards.”  The tertiary study awards are presented to local students in recognition of their academic achievement, community involvement and leadership skills.  “It is always very exciting to see just how much some young people do in our community and this gives us great faith in the young people who will be our future leaders,” she said.

Tertiary study awards were presented by the Trust at a special function this evening (Thursday, 11 February 2010) at The Blue Baths.  Each award has a value of $2,000 per year for a maximum tenure of four years and is provided to assist students with their first tertiary qualification.

The Trust has invested $4.5 million in the local education sector since 1996.

This year’s recipients are:

For more information please contact:
Judy Keaney
Rotorua Trust Education Spokesperson
Telephone 021 251 7783
Web www.rotoruatrust.org.nz

Issued by:

imPRove it Public Relations Ltd
Telephone 07 348 1444
Mobile 027 430 8876
Email annette@improveit.co.nz
Web www.improveit.co.nz

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Ten local tertiary students and eight apprentices received scholarships from the Rotorua Trust at a special awards ceremony recently (21 January 2010).

In presenting the awards, the Trust’s education spokesperson, Judy Keaney said the Trust has always been firmly committed to education having invested $4.5 million in this area since 1996.  More than $180,000 has been awarded in scholarships to students studying at Waiariki Institute of Technology, while recipients of the JWJ Lepper Memorial Apprentice Scholarship, first begun in 2003, have received in excess of $50,000.

“We believe it’s so important to get a good education especially given the current economic conditions.  It is also important to support students who have chosen to study locally as they are already contributing to the local community albeit in a small way.  We hope these young people will stay here and play a more significant role in our district once they have completed their training.”

Mrs Keaney said the presentation of scholarships continued to be one of the highlights of the year for the Trust.  “We were absolutely delighted with the calibre and number of applicants for the Waiariki (Institute of Technology Whare Takiura) Scholarships.  The standard is always very high and these were the best we have ever had.  However, we were disappointed with the relatively low number of applicants for the JWJ Lepper (Memorial Apprentice) Scholarships this year.  While the standard of applicants remained high, numbers were down on previous years,” she said.

Kevin Scott of Farm and Garden Equipment in Rotorua said two of his company’s apprentices received scholarships this year.  “We have always encouraged those apprentices eligible to apply for the Trust’s scholarships and we’ve had a very good success rate.  I cannot remember a year in which at least one of our apprentices was not awarded a scholarship,” he said.  “While the money comes in very handy for study fees and tools, having received a scholarship adds value to their CV and to their future career.  I think the scholarships are a wonderful incentive for local apprentices and would urge all employers to encourage applications.” 

Each Waiariki Institute of Technology Whare Takiura Scholarship has an annual value of $2,000 while recipients of the .JWJ Lepper Memorial Apprenticeship Scholarship receive $1,000.

This year’s successful recipients were:

For more information please contact:
Judy Keaney
Rotorua Trust Education Spokesperson
Telephone 021 251 7783
Web www.rotoruatrust.org.nz

Issued by:

imPRove it Public Relations Ltd
Telephone 07 348 1444
Mobile 027 430 8876
Email annette@improveit.co.nz
Web www.improveit.co.nz

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The Rotorua Energy Charitable Trust (Rotorua Trust) has taken a 35.6% stake in the privately owned cereal business, Hubbard Foods for an undisclosed sum. 
Rotorua Trust Chairman Grahame Hall said “the investment in Hubbards fits perfectly with the trust investment strategy in the area of private equity.”   The Trust is a stable and long term investor, which invests in businesses with solid growth prospects, strong cultures, quality people and high standards of integrity.   Grahame Hall says “Hubbards stands out as local business that matches our ethics and is more than able to provide a satisfactory commercial return over the long term.”

Dick Hubbard said “I was delighted to be approached by an organisation with similarly aligned values, and this new relationship will assist Hubbards achieve some of our ambitious long-tem growth goals.”

The Rotorua Trust distributes between $3 million and $5 million annually to the local community from the returns earned from an investment fund of $115 million, as at March 2009.  The trust has contributed approximately $75 million to the Rotorua community over the past 15 years.

Hubbard Foods is committed to a development programme across the areas of new market innovations, energy efficiencies and plant expansions. These initiatives have the full support of the company’s bankers and new shareholders.  Dick Hubbard says “While we have a new 35.6% Foods equity partner the day to day operations of Hubbards will remain under the current senior management team with no change of direction over the medium term.”  Mr Hubbard will remain as Chairman, and Dick and Diana Hubbard will retain majority ownership of Hubbards.

The Rotorua Trust was created so that some of the funds born out of the corporatisation of the Rotorua Electricity Company could be retained and used for the benefit of the community in Rotorua and the surrounding districts.

Rotorua Trust Chairman Grahame Hall says “the management team at Perpetual Capital Management, the trust investment advisors, will continue to seek out further opportunities to invest in small to medium New Zealand business’s with strong cultures, quality people and which were able to provide a satisfactory commercial return over the long term.”   Perpetual Capital Management Limited (PCML), a wholly owned subsidiary of the Rotorua Trust, is invested in New Zealand, Australia and international equities, private equity, unlisted property, and fixed income. PCML has a policy of investing directly into as many asset classes as possible.

For more information contact: Stuart Burns, Chief Executive, Rotorua Energy Charitable Trust. Ph 07 347 6239  Mobile 021 972 535

Released by Network PR, Erica Lloyd. Mobile  021 397 099. erica.lloyd@networkpr.com

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