Wholesale
MyFarm Investments

KLP Investments LP

Dairy

Bid

Investors in KLP Investments (KLPI) have voted in favour of a proposed restructuring i.e. doing an in-specie distribution of the Kauana units owned by KLPI, and then liquidating KLPI. On a shareholding basis there was 79% support for the special resolution that gives effect to the restructuring. On a number of shareholder basis 80% of shareholders voted in support of the resolution.

 

From here, the next step involves the offeror working with the board of the farm syndicate to put together valuation information on which the shareholders will be asked to select a share price to be used in the pre-emptive rights that are obliged to be followed i.e. the price at which the shareholder would be prepared to sell their units to other investors in the Kauana farm syndicate.

Total Share/Units
1,420,000 Units
Min Investment
20,000 Units
Min Investment Value
NZD $20,000.00
Par Value
NZD $1.00
Quantity on Offer
50,000 Units
Offer Price
NZD $50,000.00
Highest Bid
Active Bidders
Last Traded Price
NZD $25,000.00
Last Traded Quantity
30,000 Units
Last Traded Date
August 2, 2022
Kauana is an established 253 ha (237 effective ha) dairy farm located 54km north of Invercargill and 18km north of Winton, at 396 Winton Channnel Road. The 820 cow wintering barn enables greater control of nutrients and reduces environmental impact whilst extending the lactation period by up to 30 days.
Important please note this Issue is subject to the Overseas Investment Act 2005 which may limit the level of overseas or non-resident investors. This may mean that bids from Overseas and Non-Resident Investors are not able to be completed.
Any bids received on listings made by Overseas Investors on Issues that are subject to Foreign Ownership restrictions require Issuer approval to be compliant with New Zealand’s Overseas Investment Act 2005.  Any accepted bids or bids matching your set offer price that do not comply with the Foreign Ownership restrictions may have transfer approval withheld by the Issuer. As a result, the trade will be unable to be completed.  For further information please contact the Issuer.

Kauana Farm

396 Winton Channel Road, Benmore, Dipton, New Zealand, 9782

KAUANA - Monthly Report - 30 Jun 2020
KAUANA - Monthly Report - 30 Jun 2020
5/8/2020
KAUANA - Monthly Report - 31 May 2020
KAUANA - Monthly Report - 31 May 2020
1/7/2020
KAUANA - Update on outcome of effluent event - Aug 2020
KAUANA - Update on outcome of effluent event - Aug 2020
19/8/2020
KLP - Profile Update - Q4 - May 2020
KLP - Profile Update - Q4 - May 2020
17/8/2020
KLP - Profile Update February 2019
KLP - Profile Update February 2019
6/6/2019
KLP - Profile Update February 2020
KLP - Profile Update February 2020
22/5/2020
KLP - Profile Update November 2019
KLP - Profile Update November 2019
26/2/2020
KLP - Quarter 4 Report - May 22
KLP - Quarter 4 Report - May 22
5/9/2022
KLP - Special Resolution Process & Reminder - 31 May 2021
KLP - Special Resolution Process & Reminder - 31 May 2021
31/5/2021
KLP Investments Limited - Profile Update Q2 FY2018
KLP Investments Limited - Profile Update Q2 FY2018
14/3/2019
KLP Profile Update November 2015
KLP Profile Update November 2015
11/7/2016
KLP Quarterly Report Q3 FY 2018
KLP Quarterly Report Q3 FY 2018
12/7/2018
KLP Quarterly Report Q4 FY 2018
KLP Quarterly Report Q4 FY 2018
5/9/2018
KLPI - Special Meeting - Presentation -24 May 2021
KLPI - Special Meeting - Presentation -24 May 2021
31/5/2021
KLPI Profile Update August 2017
KLPI Profile Update August 2017
25/10/2017

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