LIC Divesting shareholding in National Milk Records PLC
Private Bag 3016
Hamilton 3240
New Zealand
0800 542 742
www.lic.co.nz
MARKET STATEMENT
7 June 2023
LIC Divesting shareholding in National Milk Records PLC
LIC is divesting it’s 19.75% shareholding in National Milk Records PLC by way of a scheme of
arrangement. The scheme is subject to approval by the UK courts and other customary conditions.
The transaction is expected to close mid- July where LIC will divest 4,194,880 shares in National
Milk Records PLC at £2.15 per share.
ENDS
Contact
For shareholder enquiries, phone 0800 542 742
For media enquiries, contact LIC Head of Marketing & Products: Mike.Wilson@lic.co.nz, 0275510535
About LIC
LIC is a farmer-owned co-operative and world leader in pasture based dairy genetics and herd management. LIC exists to
deliver superior genetics and technological innovation to help its shareholders sustainably farm a profitable animal. With
origins dating back to 1909, LIC has a long history of developing and delivering world-leading innovations for the dairy
industry. The co-op continues to be one of the sector’s biggest private investors in research and development. Today the
New Zealand-based co-op employs more than 700 permanent staff, swelling to 2000 during the spring peak dairy mating
season. LIC also has offices in the United Kingdom, Ireland and Australia. All LIC profit is returned to its farmer
owners/shareholders in dividends, or reinvested for new solutions, research and development. www.lic.co.nz
LIC is the trading name of Livestock Improvement Corporation Limited
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.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- NZL — New Zealand Rural Land Company Limited: Market Update2023-03-09
“The Blade, Level 4, 12 St Marks Road, Remuera, Auckland, 1050, New Zealand | +64 9 379 6493 www.nzrlc.co.nz 10 March 2023 Market Update Capital Change Notices New Zealand Rural Land Company Limited (NZL) has completed the allotment of shares and warrants under the institu…”
- NZL — New Zealand Rural Land Company Limited: Annual Meeting Chair Address and Presentation2023-06-22
“23 June 2023 New Zealand Rural Land Company (NZL.NZX) - Chair Address to ASM NZL reported a net profit after tax of $5.3 million for the financial year ended 31 December 2022. The results cover the period 1 July – 31 December 2022, following a change in NZL’s balance date from 3…”
- SML — Synlait Milk Limited: Synlait intends to divest Dairyworks & Talbot Forest Cheese2023-06-01
“Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com NZX: SML ASX: SM1 2 June 2023 Synlait intends to divest Dairyworks and Talbot Forest Cheese Synlait Milk Limited (Synlait) intends to dive…”