There are some aspects of this fund which may require extra consideration before deciding to invest.
FMA exemption
Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.
Financial Markets Conduct (Small Co-operatives) Exemption Notice 2016
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 Rebates Shares are only available to persons who become connected to a network owned by the company
Issuer's description of this product:
Offering of Rebate Shares in Electricity Ashburton Limited
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
This is the price per share of this offer. Additional details may be available.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Key facts
Provider website
Issuer's industry
Electricity/gas/water/waste
Fixed offer price details
Fixed offer price description
Each Rebate Share is offered for $1.00 each. 100 Rebate Shares must be applied for. No moneys are payable on application and the shares are paid up from moneys or payments which shareholders receive arising from the shares held in EAL. Until fully paid up there is a liability for the $100. Those distributions can be a dividend, rebate or discount declared by EAL
Key documents
These are the most important documents that a provider is required to file about this investment.
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Product Disclosure Statement - Electricity Ashburton (final).pdf
Additional details
Issuer details
Name
ELECTRICITY ASHBURTON LIMITED
Type
NZ Co-operative Company
Industry
Electricity/gas/water/waste
Website
NZBN
9429039316172
Credit rating
Not provided
Offer details
Date registered
12 April 2017
Date opened
12 April 2017
Closing date
None
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Restrictions on acquisition
Yes: The Rebates Shares are only available to persons who become connected to a network owned by the company
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
Yes: Financial Markets Conduct (Small Co-operatives) Exemption Notice 2016
Reference numbers
Offer
OFR11902: ELECTRICITY ASHBURTON LIMITED
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
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. eanetworks.co.nz