Issuer's description of this product:

Ordinary shares in Punakaiki Fund Limited

Minimum investment

$215.00

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

Fixed offer price

$21.50

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

Fixed offer price details

Closing date

14 Nov 2018

This is when this offer closes to investors.

Key facts

Provider website

Issuer's industry

Other

Fixed offer price details

$21.50

Fixed offer price description

The price per share has been based on a small premium to the net asset value per share of Punakaiki Fund Limited as at 24 September 2018 (excluding the cash component of the accrued performance fee liability); and the provision for the accrued performance fee liability including the cash component (recorded as a liability) and the Share component (recorded as share based payment reserve); along with a brokerage fee payable on the offer to the manager.

Additional details

Issuer details

Name

PUNAKAIKI FUND LIMITED

Type

NZ Limited Company

Industry

Other

NZBN

Credit rating

Not provided

Offer details

Date registered

10 October 2018

Date opened

18 October 2018

Closing date

14 November 2018

Continuous issue

No

Further payments may be required

No

Restrictions on transfer

No

Restrictions on acquisition

No

Convertible product

No

Intending to list

No

Schedule 1 exemption

No

FMA exemption

No

Reference numbers

Offer

OFR12491: OFFERING OF ORDINARY SHARES IN PUNAKAIKI FUND LIMITED

Next steps

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Product disclosure statement

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Interested in investing in this offer? Visit the provider's website. punakaikifund.co.nz