Completion of Retail Bookbuild

29 June 2022

Completion of Retail Bookbuild

New Zealand Rural Land Company Limited (NZX.NZL) advises that it has completed the retail shortfall bookbuild component (Retail Bookbuild) of its 1 for 5 accelerated pro rata renounceable entitlement offer (Offer).

The Retail Bookbuild raised approximately $2.3 million, bringing the total raised via the Offer to approximately NZ $16.4 million. The proceeds of the Offer have been used to fund the acquisition of the Argyle Downs dairy farm and will also be used to fund the acquisition of the Greenhill dairy farm on 30 June 2022.

Settlement and allotment for all shares issued under the Retail Offer (including the Retail Bookbuild) is expected to occur on Thursday, 30 June 2022. Holding statements for the new shares issued will be despatched following allotment.

For further information please contact:

Richard Milsom Mobile: 021 274 2476
Email: [email protected] or

Christopher Swasbrook Mobile: 021 928 262
Email: [email protected]

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Announcement PDF