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
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
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
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.
PDS - Pharmacy Wholesalers (Bay of Plenty) Limited.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional details
Issuer details
Name
PHARMACY WHOLESALERS (BAY OF PLENTY) LIMITED
Type
NZ Co-operative Company
Industry
Wholesale
Website
NZBN
9429040049007
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