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Allied Farmers Limited/Announcement
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NZ Rural Land Company – Major Transaction Approval

Operational Update24 May 2021ALFFinancials
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Allied Farmers Ltd
201 Broadway, Stratford, 4332
PO Box 304, Stratford 4352

Phone: 06 765 6199
Web: http://www.alliedfarmers.co.nz
Email: headoffice@alliedfarmers.co.nz

24 May 2021

announce@nzx.com


NZ Rural Land Company – Shareholder Major Transaction Approval

On 30 April 2021 Allied Farmers Limited (“Allied Farmers” NZX: ALF) advised that
New Zealand Rural Land Company Limited (NZX: NZL) had conditional agreements
to acquire fourteen large scale dairy assets in South Canterbury and North Otago.
Earlier today, 24 May 2021, NZRLC’s shareholders approved the South Canterbury
and North Otago acquisitions as a Major Transaction under the NZR Listing Rules
and Companies Act 1993.
Settlement of the South Canterbury and North Otago acquisitions, together with the
Mokoreta acquisition announced on 15 March 2021, are scheduled to occur on 1 June
2021.
As advised in the 30 April 2021 announcement, once these acquisitions settle, Allied
Farmers intends to update the market on the likely earnings impact given its 50%
ownership of New Zealand Rural Land Management Limited Partnership (NZRLM),
which is the external manager of NZL.


Richard Perry
Chair

SPH Notice – Albany Braithwaite HoldingsAllied Farmers Limited (“ALF”) – Trading Halt of Securities

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