OFFERING OF ORDINARY SHARES IN THE NEW ZEALAND MERINO COMPANY LIMITED
THE NEW ZEALAND MERINO COMPANY LIMITED
nzmerino.co.nz
There are some aspects of this fund which may require extra consideration before deciding to invest.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
The offer made consists of a Rights Issue to existing shareholders of The New Zealand Merino Company Limited with registered addresses in New Zealand at 5pm on 25 September 2020, together with a Shortfall Offer and Strategic Investor Offer of unsold rights under the Rights Issue. The Shortfall Offer is only open to Growers (as defined in the PDS) and their affiliates at the Board’s discretion, directors and employees each of whom are not shareholders (and in the case of Growers and their affiliates are not controlled by shareholders), and are resident in New Zealand. To the extent that there are still unsold rights after the Shortfall Offer, the Board has discretion to offer them to new investors who are not existing shareholders on the record date or otherwise eligible to participate in the offer, and whom it considers are institutional or professional investors under applicable law and able to assist in the execution of NZM’s growth strategy.
Issuer's description of this product:
As ordinary shares, they give all shareholders the right to an equal share in dividends and the surplus assets of the company, as well as the voting rights afforded under the Companies Act 1993, except with respect to the nomination and appointment of the company’s 7 directors. Under the constitution all shareholders may nominate and vote on the appointment and removal of 3 Independent Directors (as defined in the constitution). However, Growers (as defined in the constitution) may nominate and vote on the appointment of a further 3 directors, although such directors are subject to removal by ordinary resolution of all shareholders. Provided these roles are filled, shareholders may nominate and vote on the appointment and removal of an additional director.
Minimum investment
$950.00
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
$3.80
This is the price per share of this offer. Additional details may be available.
Closing date
17 Dec 2020
This is when this offer closes to investors.
The details
Fixed offer price details
$3.80
Fixed offer price description
N/A
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
PDF, 2.09 MB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
The New Zealand Merino Company Limited’s Prospective Financial Informationareconciliationofnon GAA Pto GAA Pinformationandsupplementaryfinancialinformation.pdf
The New Zealand Merino Company Limited’s Prospective Financial Information, a reconciliation of non-GAAP to GAAP information and supplementary financial information
PDF, 370.90 KB
Other Material Informationrelatingtothe Offeringof Ordinary Sharesin The New Zealand Merino Company Limited.pdf
Other Material Information relating to the Offering of Ordinary Shares in The New Zealand Merino Company Limited
PDF, 109.23 KB
Northington Partners Limited Summary Valuation Report.pdf
Northington Partners Limited Summary Valuation Report
PDF, 266.73 KB
Template Supply Agreement.pdf
Template Supply Agreement
PDF, 742.92 KB
Buy Back Disclosure Document.pdf
Buy-Back Disclosure Document
PDF, 218.80 KB
Additional details
Issuer details
Name
THE NEW ZEALAND MERINO COMPANY LIMITED
Type
NZ Limited Company
Industry
Agriculture/forestry/fishing
Website
NZBN
9429036764075
Credit rating
Not provided
Offer details
Date registered
23 October 2020
Date opened
18 November 2020
Closing date
17 December 2020
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
No
Restrictions on acquisition
Yes: The offer made consists of a Rights Issue to existing shareholders of The New Zealand Merino Company Limited with registered addresses in New Zealand at 5pm on 25 September 2020, together with a Shortfall Offer and Strategic Investor Offer of unsold rights under the Rights Issue. The Shortfall Offer is only open to Growers (as defined in the PDS) and their affiliates at the Board’s discretion, directors and employees each of whom are not shareholders (and in the case of Growers and their affiliates are not controlled by shareholders), and are resident in New Zealand. To the extent that there are still unsold rights after the Shortfall Offer, the Board has discretion to offer them to new investors who are not existing shareholders on the record date or otherwise eligible to participate in the offer, and whom it considers are institutional or professional investors under applicable law and able to assist in the execution of NZM’s growth strategy.
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR12964: OFFERING OF ORDINARY SHARES IN THE NEW ZEALAND MERINO COMPANY LIMITED