There are some aspects of this fund which may require extra consideration before deciding to invest.
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Restrictions on acquisition
In this case, there are limits or exclusions on buying this investment that are important to know and acknowledge before you do.
The offer is only being made to persons that hold Existing Water Shares in WIL as at 5.00pm on 14 October 2016 and who will hold at least 24 Water Shares in WIL after the issue of any New Water Shares to them under this offer. WIL may also accept, reject and scale applications down at its discretion.
Issuer's description of this product:
New Water Shares in Waimakariri Irrigation Limited which will have the same rights and entitlements as, and will rank equally with, all Existing Water Shares on issue.
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
Closing date
This is when this offer closes to investors.
Key facts
Provider website
Issuer's industry
Electricity/gas/water/waste
Fixed offer price details
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
WIL Product Disclosure Statement.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Water Supply Agreement.pdf
Nutrient Management Policy.pdf
Agreement in relation to management of water race system dated 29 November 2000 between WIL and WDC.pdf
Deed of licence to use water race system dated 28 May 1999 between WIL and WDC.pdf
Heads of agreement in relation to water race system dated 8 July 1998 between WIL and WDC.pdf
Total estimated costs of offer and issue.pdf
Agreement to transfer water rights (55 litres per second).pdf
Agreement to transfer water rights (286 litres per second).pdf
Agreement in relation to water storage project.pdf
Additional details
Issuer details
Name
WAIMAKARIRI IRRIGATION LIMITED
Type
NZ Co-operative Company
Industry
Electricity/gas/water/waste
Website
NZBN
9429037873493
Credit rating
Not provided
Offer details
Date registered
07 October 2016
Date opened
17 October 2016
Closing date
15 November 2016
Continuous issue
No
Further payments may be required
Yes
Restrictions on transfer
Yes
Restrictions on acquisition
Yes: The offer is only being made to persons that hold Existing Water Shares in WIL as at 5.00pm on 14 October 2016 and who will hold at least 24 Water Shares in WIL after the issue of any New Water Shares to them under this offer. WIL may also accept, reject and scale applications down at its discretion.
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR10936: OFFER OF NEW WATER SHARES IN WAIMAKARIRI IRRIGATION LIMITED
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. wil.co.nz