Shareholder schemes and forms

How to transfer your shares and participant code to a related party and how to trade your fully paid Ordinary Shares.

Transferring shares to a related party

You can transfer your Fully Paid Ordinary Shares, together with your LIC participant code, to a related party. A related party is a person or an entity you have a relationship with. Related parties include family members. They can also include trusts, companies and partnerships.

If you are holding Nil Paid Ordinary Shares, you will need to pay them up fully before you can transfer them to a related party or obtain Board approval to allow such transfers. 

Use the Related Parties Transfer Form to initiate the transfer.  

Related Parties Transfer Form

Changing the form of your farming entity

If you change the form of your farming entity, you can transfer your fully paid Ordinary Shares and participant code to the new entity. To transfer your nil paid Shares, you will need to either pay them up fully before you transfer them or obtain Board approval to allow the transfer.

Use the Related Parties Transfer Form to initiate the transfer.  

Related Parties Transfer Form

Use your dividends to buy Ordinary Shares

Joining LIC’s Dividend Reinvestment Plan (DRP) is an easy way to reinvest the dividends paid on your LIC shares (other than nil paid Shares or other Shares held to meet the shareholding requirement). However the DRP is currently suspended as a result of the share simplification. We will let all shareholders know when the DRP is reinstated. 

Buy additional Ordinary Shares every year 

Joining LIC’s Voluntary Investment Scheme (VIS) enables you to buy additional Ordinary Shares each year. However due to the share simplification and changes to the exemptions afforded to “specified securities investment schemes” under the Anti-Money Laundering and Countering Financing of Terrorism Act, the VIS is currently suspended. We will let all shareholders know when the VIS is reinstated.

Trading LIC Ordinary Shares 

You can trade fully paid Ordinary Shares with other qualifying shareholders in two ways:

  • through a broker
  • through a private off-market transfer.       

Use the Ordinary Share Transfer Form to transfer shares privately to another qualifying shareholder. 

Note: If you are holding nil paid Ordinary Shares, you will need to pay them up fully before you can trade them with other qualifying shareholders.

Ordinary Share Transfer Form

More information

Call our Share Registry Team on 0800 542 742 or email shareregistry@lic.co.nz for more information about your LIC shares.