Update on Share Simplification Implementation

Private Bag 3016
Hamilton 3240
New Zealand

0800 651 156
www.lic.co.nz
LIC is the trading name of Livestock Improvement Corporation Limited

Market statement

11 July 2018

UPDATE ON SHARE SIMPLIFICATION IMPLEMENTATION
On 14 March 2018, Livestock Improvement Corporation (NZX:LIC) (LIC) shareholders approved the
proposal to simplify LIC’s share structure by bringing its existing two classes of shares together into
a single class.
The proposal will be implemented on 19 July 2018 as set out in the Notice of Special Meeting and
Explanatory Memorandum provided to shareholders in February this year. Trading in LIC’s single
class of share will open on 23 July 2018.
ENDS
For any shareholder enquiries please phone 0800 264 632

About LIC
LIC is a farmer-owned co-operative that provides a range of services and solutions to improve the productivity
and prosperity of farmers. This includes dairy genetics, information technology, herd testing, DNA parentage
verification and farm advisory services through FarmWise. Subsidiary business LIC Automation also provides
integrated automation systems and unique milk testing sensors that present real-time data while a cow is being
milked. With origins dating back to 1909, LIC has a long history of world-leading innovations for the dairy
industry.
Today the New Zealand-based co-operative employs more than 700 permanent staff, swelling to 2000 during
the peak dairy mating season. LIC also has offices in the United Kingdom, Ireland and Australia. All LIC profit
is returned to its farmer owners/shareholders in dividends or re-invested for new solutions, research and
development or dividends. www.lic.co.nz