This page outlines the details of the LIC Board’s proposal to simplify LIC’s share structure by bringing our co-operative’s two classes of shares together into a single class.
We hold our Annual Meeting in October each year. You’ll be notified about the date, time and location of the meeting by post in September.
Our Board of Directors is made up of seven farmer directors elected by qualifying shareholders and three independently appointed directors.
The LIC Shareholder Council is made up of representatives from 21 wards throughout New Zealand.
We have two classes of shares — co-operative control shares and investment shares. All qualifying LIC customers must buy co-operative control shares. They can also buy investment shares.
How to transfer your shares and participant code to a related party, how to surrender your co-operative control shares, and how to trade investment shares.
Read our Product Disclosure Statement will help you understand the investment you're making with LIC.
The LIC Constitution sets out the rights, duties and obligations of the company, the Directors and Shareholder Councillors, and the shareholders.
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