Share Consolidation

Allied Farmers Ltd
201 Broadway, Stratford, 4332
PO Box 304, Stratford 4352
Phone: 06 765 6199
Web: www.alliedfarmers.co.nz
Email: headoffice@alliedfarmers.co.nz

1 July 2019
Share Consolidation
The Directors of Allied Farmers Limited (ALF) have resolved to consolidate the existing ordinary shares
(Shares) on issue in ALF (Consolidation). Under the Consolidation, every 10 existing Shares held in ALF on 16
July 2019 (Record Date) will be consolidated into 1 Share. As a result of the Consolidation the number of
Shares on issue in ALF will be reduced from 178,547,294 to approximately 17,854,729 Shares. Fractional
entitlement to Shares which arise as a result of the Consolidation will be rounded to the nearest whole
number of Shares (and a fractional entitlement to half a Share will be rounded up).
Pre-Consolidation holdings in the same name will be aggregated for calculation of entitlements to post-
Consolidation Shares. Where ALF considers that pre-Consolidation holdings have been split in order to take
advantage of rounding, ALF reserves the right to aggregate holdings held by associated shareholders for the
purposes of calculating entitlements to post-Consolidation Shares.
The Consolidation will take effect from 5.00pm (New Zealand Time) on 16 July 2019 and will be completed on
the basis of ALF’s register as at that date. All Shares held by shareholders on the register at that time will be
consolidated on a 10 for 1 basis as described above. The precise number of Shares then on issue will be
announced shortly after this date and shareholders will be issued with a revised holding statement.
The expected timetable for the share consolidation is as follows:
• Friday 12 July 2019 – Last day for trading in pre-consolidation shares on the NZX Main Board.
• Monday 15 July 2019 - Ex-date for the consolidation. ALF's shares enter a three day trading halt from
this date.
• Tuesday 16 July 2019 – Record date for the consolidation.
• Thursday 18 July 2019 – Commencement of trading in post-consolidation shares on the NZX Main
Board
Shareholders will receive a statement from ALF’s Share Registrar, Link Market Services, a few days after the
Consolidation notifying them of their shareholding. It is important to note that, while the Consolidation will
reduce the number of Shares held by shareholders by a factor of 10, the Consolidation will not impact each
shareholder’s relative percentage shareholding in ALF. In addition, it is anticipated that the price at which
Shares trade on the NZX immediately following the Consolidation will increase relative to the Consolidation
ratio.
Mark Benseman
Chairperson

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Corporate Action Notice

Page 1 of 1
Section 1: issuer information (mandatory)
Name of issuer Allied Farmers Limited
Class of Financial Product Ordinary Shares
NZX ticker code ALF
ISIN (If unknown, check on NZX
website)
NZALFE0001S1
Name of Registry NZSX
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share purchase
plan
Renounceable
Rights issue

Capital
reconstruction
X Non
Renounceable
Rights issue

Call Bonus issue
Record date 16/07/2019
Ex-Date (one business day before the
Record Date)
15/07/2019
Section 5: Capital reconstruction (delete if not applicable)
Nature of capital reconstruction
(Please mark with an X in
applicable box)
Financial Product Split Financial
Product
Consolidation
X
Other Amalgamation
Ratio New (post consolidation) 1 Existing 10
Treatment of fractions Fractional entitlement will be rounded to the nearest
whole number of Shares (and a fractional entitlement to
half a Share will be rounded up).
Number of Financial Products to be
issued/ redeemed
n/a
Per Financial Product amount (if
cash reconstruction)
n/a
Payment date (if cash
reconstruction)
n/a
Allotment date n/a
Section 7: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
Mark Benseman
Contact person for this announcement Ross O’Neill
Contact phone number 06 765 6199
Contact email address headoffice@alliedfarmers.co.nz
Date of release through MAP 01/07/2019