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 (Napier Port Holdings Limited) Exemption Notice 2019
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.
There is no general public offer or a public pool. Members of the public wishing to subscribe for Shares must be allocated shares by an NZX Firm under the Broker Firm Offer or must be eligible to participate under the Priority Offer.
Issuer's description of this product:
Ordinary shares in Napier Port Holdings Limited
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 $169,600,000 must be raised before it is issued.
Intending to list
The issuer has indicated that they are intending to list this investment on a public exchange, or that it is already listed. See the listing here:
Issuer's industry
Transport/postal/warehousing
Fixed offer price details
Fixed offer price description
Napier Port Holdings has set an Indicative Price Range of $2.27 to $2.60 per Offer Share. All Offer Shares issued under the Offer will be issued at the Final Price. The Final Price will be set by way of a bookbuild managed by the Joint Lead Managers (“Bookbuild”). The Bookbuild will take place from Tuesday, 6 August 2019 to Wednesday, 7 August 2019. The Final Price is expected to be announced and posted on the Offer website (www.napierportshareoffer.co.nz) on or about Wednesday, 7 August 2019.
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.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.
Napier Port's Prospective Financial Information, a reconciliation of non-NZ GAAP to NZ GAAP information and supplementary financial information.pdf
Investigating Accountant's Independent Limited Assurance Report.pdf
Financial Markets Conduct (Napier Port Holdings Limited) Exemption Notice 2019.PDF
Port of Napier Limited - Constitution.PDF
Napier Port Holdings Limited - Retail Fact Sheet.pdf
Napier Port Holdings Limited - Investor Presentation.pdf
Other Material Information.pdf
Napier Port's Prospective Financial Information, a reconciliation of non-NZ GAAP to NZ GAAP information and supplementary financial information.pdf
Final Price Information.pdf
Additional details
Issuer details
Name
NAPIER PORT HOLDINGS LIMITED
Type
NZ Limited Company
Industry
Transport/postal/warehousing
Website
NZBN
9429047506299
FSP Number
Credit rating
Not provided
Offer details
Date registered
15 July 2019
Date opened
23 July 2019
Closing date
16 August 2019
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
No
Restrictions on acquisition
Yes: There is no general public offer or a public pool. Members of the public wishing to subscribe for Shares must be allocated shares by an NZX Firm under the Broker Firm Offer or must be eligible to participate under the Priority Offer.
Convertible product
No
Intending to list
Yes
Schedule 1 exemption
No
FMA exemption
Yes: Financial Markets Conduct (Napier Port Holdings Limited) Exemption Notice 2019
Reference numbers
Offer
OFR12679: INITIAL PUBLIC OFFERING OF ORDINARY SHARES IN NAPIER PORT HOLDINGS 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.
Market listing
The provider has indicated they are intending to list this investment, or that it is already listed, on a public securities market. Here's where to find the market listing:
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. napierport.co.nz