NZ Rural Land Management Purchase Completion
201 Broadway, Stratford, 4332
PO Box 304, Stratford 4352
Phone: 06 765 6199
Web: http://www.alliedfarmers.co.nz
Email: headoffice@alliedfarmers.co.nz
27 March 2023
NZ Rural Land Management Purchase Completion
Allied Farmers Limited (ALF.NZX) is pleased to advise that it has today completed the
purchase of the 50 percent of NZ Rural Land Management (NZRLM) that it does not
already own.
NZRLM is now wholly owned and controlled by Allied Farmers.
The purchase price of $8.3 million was satisfied by payment to the vendors of $6.55
million of cash, and the transfer to the vendors of 1,800,227 million NZ Rural Land
Company Limited (NZL:NZX) shares owned by Allied at their 20-day volume weighted
average price prior to completion date of 0.9721 per share, being a total of $1.75
million.
Philip Luscombe Shelley Ruha
Independent Director Independent Director
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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