Allied Farmers has provided an update on the sale of NZ Farmers Livestock to Rural Livestock.
The sale, which was announced on August 28, 2025, is currently progressing towards the satisfaction of transaction conditions precedent.
One of the conditions is obtaining shareholder approval at Allied Farmers' annual meeting on Nov 6, 2025.
Allied Farmers said that, following the receipt of all the transaction proceeds, its cash reserves are expected to increase by approximately $7 million, to around $14m.
This cash uplift is equivalent to 24.3 cents per share or 32% of the average market capitalisation of Allied Farmers shares as of Oct 20, 2025.
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