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 acquisition

In this case, there are limits or exclusions on buying this investment that are important to know and acknowledge before you do.

Investors must first become transacting shareholders of the co-operative company before they can subscribe for shares.

Issuer's description of this product:

Nominal Value Ordinary Shares

Minimum investment

$1,000

This is the minimum amount you would need to put into this in order to invest.

Fixed offer price

$1.00

This is the price per share of this offer. Additional details may be available.

Fixed offer price details

Closing date

Ongoing

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

Minimum total to be raised

The issuer of this investment has indicated that a minimum of $1,000 must be raised before it is issued.

Issuer's industry

Wholesale

Fixed offer price details

$1.00

Fixed offer price description

$1.00 nominal value ordinary shares

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.

pdf, 475 KB

Additional details

Issuer details

Name

PHARMACY WHOLESALERS (BAY OF PLENTY) LIMITED

Type

NZ Co-operative Company

Industry

Wholesale

Website

NZBN

Credit rating

Not provided

Offer details

Date registered

28 April 2017

Date opened

08 May 2017

Closing date

None

Continuous issue

Yes

Further payments may be required

No

Restrictions on transfer

No

Restrictions on acquisition

Yes: Investors must first become transacting shareholders of the co-operative company before they can subscribe for shares.

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

OFR11945: OFFER OF ORDINARY SHARES BY PHARMACY WHOLESALERS (BAY OF PLENTY) 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. pwl.co.nz