There are some aspects of this fund which may require extra consideration before deciding to invest.
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.
Amuri will only accept applications for A Shares if it is satisfied the property of the applicant is within the Hurunui Scheme Area, is able to be supplied water economically and there is sufficient nitrogen allocation under Amuri's land use consent for the applicant's proposed land use. In addition, any application in respect of land that is located within both the Hurunui and Waipara catchments is subject to Amuri obtaining the necessary discharge permit under the Canterbury Land and Water Regional Plan. Any application in respect of land that is located within the Hurunui catchment that has a balance of dry land in the Waipara catchment is subject to and conditional on Amuri obtaining this discharge permit.
Issuer's description of this product:
A Shares
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
Closing date
This is when this offer closes to investors.
Key facts
Provider website
Minimum total to be raised
The issuer of this investment has indicated that a minimum of $42,000,000 must be raised before it is issued.
Issuer's industry
Agriculture/forestry/fishing
Fixed offer price details
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.
Product Disclosure Statement (Hurunui Scheme).pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Nutrient and Nitrogen Management Policy.pdf
Consent Letter - BDO.pdf
Consent Letter - Mackay Bailey.pdf
Total Estimated Cost of Offer.pdf
Example Water Supply Agreement.pdf
Example Easement Instrument.pdf
Offtake Pressure and Charging Policy.pdf
Additional details
Issuer details
Name
AMURI IRRIGATION COMPANY LIMITED
Type
NZ Limited Company
Industry
Agriculture/forestry/fishing
Website
NZBN
9429039285201
FSP Number
Credit rating
Not provided
Offer details
Date registered
31 May 2019
Date opened
10 June 2019
Closing date
26 July 2019
Continuous issue
No
Further payments may be required
Yes
Restrictions on transfer
Yes
Restrictions on acquisition
Yes: Amuri will only accept applications for A Shares if it is satisfied the property of the applicant is within the Hurunui Scheme Area, is able to be supplied water economically and there is sufficient nitrogen allocation under Amuri's land use consent for the applicant's proposed land use. In addition, any application in respect of land that is located within both the Hurunui and Waipara catchments is subject to Amuri obtaining the necessary discharge permit under the Canterbury Land and Water Regional Plan. Any application in respect of land that is located within the Hurunui catchment that has a balance of dry land in the Waipara catchment is subject to and conditional on Amuri obtaining this discharge permit.
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR12656: OFFER OF A SHARES BY AMURI IRRIGATION COMPANY LIMITED (HURUNUI SCHEME)
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. amuriirrigation.co.nz