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

Dividend reinvestment plan (DRP)

The DRP is reinstated effective from 15 July 2019.  It is an easy way for shareholders to increase their shareholding in LIC Ordinary Shares without incurring any additional costs.  All administration and brokerage fees are paid by LIC. Eligible Persons must ensure their own compliance with relevant laws, including inside trading law.

The DRP Offer Document (Terms and Conditions) have been changed to reflect the introduction of the single class of LIC shares.  The key change is to confirm that any dividends paid by LIC are first used to pay up any nil paid shares you hold and that any remaining dividends will then be eligible to be reinvested in the DRP.

What to do:

  1. Read the DRP Offer Document
  2. Complete the DRP participation form
  3. To be part of the DRP for the 2019-20 season return the completed DRP participation form to Link Market Services by Monday 12 August 2019
  4. Forms received after the above date will become part of the DRP the for the 2020-21 season

Dividend reinvestment plan offer

Dividend reinvestment plan participation

Buy additional Ordinary Shares every year 

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.