Strategic investment in Afimilk

We’re pleased to announce that our Board has signed a conditional agreement to acquire a 50% stake in leading global agritech company Afimilk. More information available here.

This agreement is conditional on shareholder approval. 

Regional meetings for shareholders hosted by Chief Executive Wayne McNee and Chair Murray King.

Meetings are scheduled as below to answer any questions shareholders may have regarding the proposed investment announced by the Board on 19 February 2020.

Shareholder meeting schedule




Where Stratford
TET Multi Sports Centre
62 Portia Street

When Monday 2nd March

Time 10.30am – 12.30pm

Where Palmerston North
Copthorne Hotel
110 Fitzherbert Ave

When Monday 2nd March

Time 6.30pm - 8.30pm

Where Whangarei
Semenoff Stadium
51 Okara Drive

When Tuesday 3rd March

Time 10.00am –12.00pm

Where Hamilton
LIC, Tempero Centre
605 Ruakura Road,

When Tuesday 3rd March

Time 6.30pm - 8.30pm

Where Whakatane
Acacia House Conference Centre
19 Louvain Street

When Wednesday 4th March

Time 10.00am – 12.00pm

Where Balclutha
Balclutha South Otago Town & Country Club
1 Yarmouth Street

When Thursday 5th March

Time 10.00am – 12.00pm

Where Invercargill
Ascot Park Hotel
Cnr Tay St & Racecourse Road

When Thursday 5th March

Time 6.30pm - 8.30pm

Where Ashburton
Hotel Ashburton
11-35 Racecourse Road

When Friday 6th March

Time 12.00pm –2.00pm

LIC Shareholder Call

Shareholders unable to attend regional meetings hosted by LIC and taking place from 2 March 2020 on LIC’s proposed strategic investment in Afimilk are invited to join a conference call for any additional questions. The call will be hosted by Murray King (Chairman) and Wayne McNee (Chief Executive) at 1.45pm NZT on Monday 16 March 2020.

Conference ID: 6193448

  • New Zealand: 0800 452 782
  • Australia: 1800 304 945
  • Canada: 1855 5616 766
  • China: 4001 203 085
  • Hong Kong: 30082034
  • India: 1800 2666 836
  • Japan: 0120 994 669
  • Singapore: 800 616 2288
  • United Kingdom: 0808 234 0757
  • United States: 1855 293 1544

For countries not listed above, please dial the following New Zealand toll number: +64 9 887 6907.

A full recording and transcript of the call will be available for download from the investment website from Tuesday 17 March 2020: