Completion of Retail Offer

The Blade, Level 4, 12 St Marks Road, Remuera, Auckland, 1050, New Zealand | +64 9 379 6493
www.nzrlc.co.nz
17 March 2023
NZL Announces Completion of Retail Entitlement Offer and Offer Update
New Zealand Rural Land Company Limited (NZX:NZL) has completed the retail component (Retail Offer) of its pro
rata accelerated renounceable entitlement offer (Offer).
The Retail Offer closed on Wednesday, 15 March 2023 and raised gross proceeds of approximately NZD$7.9
million including those retail shareholders who applied for additional shares.
Settlement and allotment of all new shares and warrants for the Retail Offer is expected to occur on Wednesday,
22 March 2023, with trading of those shares expected to commence on the same day.
The quotation and commencement of trading of the warrants on the NZX Main Board is expected to occur on
Thursday, 23 March 2023, under the ticker code “NZLWA”.
The new shares to be issued under the Retail Offer will rank equally in all respects with NZL’s existing ordinary
shares. Holding statements for the new shares issued under the Retail Offer will be despatched on Wednesday,
22 March 2023.
NZL Offer Update
NZL has raised as follows from the offer to date:
$10.5mfrom the Institutional Offer
$7.9mfrom the Retail Offer
$5.6mfrom Shortfall Subscriptions
$24.0mTotal Raised
NZL now intends to place the balance of the shortfall ($14.5m).
For further information please contact:
Richard Milsom - Director, New Zealand Rural Land Management
Mobile: 021 274 2476
Email: richard@nzrlm.co.nz
or
Christopher Swasbrook - Director, New Zealand Rural Land Company
Mobile: 021 928 262
Email: chris@nzrlc.co.nz