Wholesale
MyFarm Limited
Poplar Road Farm

PRD Investments

Dairy

Bid

Investors in PRD Investments (PRDI) have voted in favour of a proposed restructuring i.e. doing an in-specie distribution of the Poplar units owned by PDRI, and then liquidating PDRI. 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 Poplar Road farm syndicate.

Total Share/Units
2,050,000 Shares
Min Investment
20,000 Shares
Min Investment Value
NZD 20,000.00
Par Value
NZD 1.00
Quantity on Offer
20,000 Shares
Offer Price
NZD 21,000.00
Highest Bid
Active Bidders
Last Traded Price
$16,000.00
Last Traded Quantity
20,000 Shares
Last Traded Date
July 9, 2022

PRD Investments Limited (PRDI) is the largest shareholder (21.58%) in Poplar Road LP (Poplar), a 180ha dairy farm at 1074 Poplar Road, Hinds, mid-Canterbury (the Farm) established in August 2013. This farm was converted to dairying in 2009 and is fully developed.It is fully irrigated and has good water rights and a 7 ha storage lake.

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.

Property Name Location Address
Poplar Road Farm Mid Canterbury 1074 Poplar Road, Lowcliffe, Ashburton, New Zealand, 7773

Login for more details

PRD - Quarter 4 Report - May 22
PRD - Quarter 4 Report - May 22
20/7/2022
PRD - Special Meeting - Presentation - 25 May 2021
PRD - Special Meeting - Presentation - 25 May 2021
27/5/2022
PRD - Special Resolution Process & Reminder - 31 May 2021
PRD - Special Resolution Process & Reminder - 31 May 2021
27/5/2022
PRD - Profile Update - Q4 - May 2020
PRD - Profile Update - Q4 - May 2020
27/5/2022
PRD - Profile Update February 2020
PRD - Profile Update February 2020
27/5/2022
PRD - Profile Update November 2019
PRD - Profile Update November 2019
27/5/2022
PRD - Profile Update February 2019
PRD - Profile Update February 2019
27/5/2022
PRD - Profile Update Q2 FY 2019
PRD - Profile Update Q2 FY 2019
27/5/2022
PRD Quarterly Report Q4 FY 2018
PRD Quarterly Report Q4 FY 2018
27/5/2022
PRD Quarterly Report Q3 FY 2018
PRD Quarterly Report Q3 FY 2018
27/5/2022
PRDI Profile Update July 2017
PRDI Profile Update July 2017
27/5/2022
PRD Profile Update June 2016
PRD Profile Update June 2016
27/5/2022