Trading halt for 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
16 July 2018
TRADING HALT FOR SHARE SIMPLIFICATION IMPLEMENTATION
To implement the share simplification, Livestock Improvement Corporation (NZX: LIC) (LIC) has
requested (and NZX has approved) that its investment shares be placed in a trading halt at the
close of business today, Monday, 16 July 2018.
It is anticipated that the halt will remain in place until the commencement of trading on Monday, 23
July 2018, when LIC’s shares will trade as a single class of ordinary shares.
On 14 March 2018, 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.
Further information is available in the announcement made by LIC on 9 February 2018, in the
memorandum released by NZX on 13 July 2018, and at:
https://www.lic.co.nz/shareholders/welcome-lic-shareholder-centre/
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
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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