Capital Change Notice

Capital Change Notice





Section 1: Issuer information
Name of issuer Allied Farmers Limited
NZX ticker code ALF
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZALFE0001S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 536,318
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $0.50
Nature of the payment (for example, cash or other
consideration)
Residual consideration for the
purchase of 50% of the
securities in the New Zealand
Rural Land Management
Limited Partnership and its
general partner.
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1

1.89 percent
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or
the Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Residual consideration for the
purchase of 50% of the
securities in the New Zealand
Rural Land Management
Limited Partnership and its
general partner. The residual
purchase price owing is
satisfied by issuing these
shares.
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
28,806,434

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Shareholders resolution dated
24 November 2020, and
Directors resolution dated 17
December 2020
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
New ordinary shares which
rank equally with all other fully
paid ordinary shares

100% of the issued shares
(being 536,318 shares) are
subject to escrow restrictions
for a period of 12 months from
the date of issue, and 50% of
the issued shares (being
268,159 shares) are subject to
escrow restrictions for 24
months from the date of issue
Date of issue/acquisition/redemption
2
14/01/2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Ross O’Neill
Contact person for this announcement Ross O’Neill
Contact phone number 021 424829
Contact email address ross.oneill@alliedfarmers.co.nz
Date of release through MAP

14/01/2021





2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).