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 2022
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 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
$100.00
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
$100.00
This is the price per share of this offer. Additional details may be available.
Closing date
Ongoing
This is when this offer closes to investors.
The details
Fixed offer price details
$100.00
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.
EA Networks Product Disclosure Statement February 2025.pdf
Additional product disclosure statement from the provider
PDF, 534.92 KB
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
Reference numbers
Offer
OFR11902: ELECTRICITY ASHBURTON LIMITED