Shareholder schemes and forms

Changes to your farming entity and transferring shareholding and PTPT code to a third party.

If you change the legal entity of your farming entity, or transfer your ptpt code to a third party you will need to complete the Existing Customer Transfer Application Form to initiate the transfer of your Ordinary Shares and participant code to the new entity.

If your shareholding contains nil paid Ordinary Shares, you will need to either pay them up fully before you complete this transfer or request approval of the transfer.

Once completed, please return this form to [email protected]

Trading LIC Ordinary Shares 

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

• Listing the shares for sale through a broker
• Complete an Ordinary Share Transfer Form to transfer the shares to another qualifying shareholder 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 before you can trade them.

Use your dividends to buy Ordinary Shares

Dividend reinvestment plan (DRP)

The DRP enables eligible persons to elect to reinvest the net proceeds of cash dividends payable to acquire further LIC Shares without incurring any additional costs as administration and brokerage fees are covered by LIC. Eligible persons must ensure their own compliance with relevant laws, including inside trading law.

What to do:

1. Read the DRP Offer Document
2. Complete the DRP Participation Application Form
3. Return the completed DRP Participation Application form to MUFG Corporate Markets

LIC Voluntary Investment Scheme (VIS)

LIC's Voluntary Investment Scheme (VIS) is a fixed trading plan for eligible farmer elected directors and eligible senior managers who wish to make voluntary share purchases over a fixed period of time but who may be prevented from acquiring shares by New Zealand's insider trading restrictions as a result of their position with LIC. Other shareholders are free to invest in LIC shares in compliance with the LIC constitution and the relevant laws.

The rules of the VIS, and the necessary waiver from the NZX Listing Rules that enable the VIS to operate under theNZX Listing Rules can be found here:

VIS Rules

NZX Waiver

Transferring shares to a third party

You can transfer your Fully Paid Ordinary Shares, together with your LIC participant code, to a third party.

Use the Existing Customer Transfer Application Form to initiate the transfer.

More information

Email our Share Registry Team at [email protected] or call 0800 542 742 for more information about your LIC shares.