There are some aspects of this fund which may require extra consideration before deciding to invest.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
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
$0.00
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
None
This is the price per share of this offer. Additional details may be available.
Closing date
15 Nov 2016
This is when this offer closes to investors.
The details
Fixed offer price details
None
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
PDF, 3.24 MB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Water Supply Agreement.pdf
Water Supply Agreement
PDF, 82.80 KB
Agreementtotransferwaterrights (286 litrespersecond).pdf
Agreement to transfer water rights (286 litres per second)
PDF, 14.38 KB
Totalestimatedcostsofofferandissue.pdf
Total Estimated Costs of Offer and Issue
PDF, 8.13 KB
Nutrient Management Policy.pdf
Nutrient Management Policy
PDF, 123.67 KB
Headsofagreementinrelationtowaterracesystemdated 8 July 1998 between WI Land WDC.pdf
Heads of agreement in relation to water race system dated 8 July 1998 between WIL and WDC
PDF, 106.69 KB
Agreementinrelationtomanagementofwaterracesystemdated 29 November 2000 between WI Land WDC.pdf
Agreement in relation to management of water race system dated 29 November 2000 between WIL and WDC
PDF, 517.78 KB
Deedoflicencetousewaterracesystemdated 28 May 1999 between WI Land WDC.pdf
Deed of licence to use water race system dated 28 May 1999 between WIL and WDC
PDF, 424.89 KB
Agreementtotransferwaterrights (55 litrespersecond).pdf
Agreement to transfer water rights (55 litres per second)
PDF, 14.46 KB
Agreementinrelationtowaterstorageproject.pdf
Agreement in relation to water storage project
PDF, 17.34 KB
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
7 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