NEWS & EVENTS

At NZKGI, we aim to keep our grower community up-to-date with relevant industry news and key event information. See below for all of our latest industry news announcements and the details you need to know for our upcoming events.

Latest News / September 13, 2018

IN BRIEF: Zespri’s Targeted Share Offer and Buy-Back

Share Offer – Up to 1 share per tray of production, for producing growers who supply Zespri

 

 

 

Share Buy-Back – Growers that hold 1.5 shares per tray of production and above, or ex-growers that hold shares but no longer supply Zespri.  (Ex-growers, also known as dry shareholders, includes misaligned shareholders – see definition below*.)

 

 

Shareholders eligible to participate will receive a letter of entitlement in early September from Zespri.

The share price for both share issue and share buy-back is $8.00 per share.

 

 

*A misaligned shareholder is a shareholder that does not supply fruit to Zespri, but may have another associated entity that supplies fruit to Zespri.  If the misaligned shareholder is not the owner of a producing orchard and has no lease in place with the supplying entity (a copy of which lease must be supplied to Zespri), they are treated as ex-growers/dry shareholders.