How to invest

Zespri shares are traded on the Unlisted Securities Exchange (USX) platform and shareholders must register with one of the six approved USX brokers to be able to trade on-market. You can find the list on the USX website.

The USX brokers check with us that buyers are eligible “producers,” and they confirm how many shares the buyer is entitled to purchase (share cap). They then place a buy or sell order with USX, match traders and notify Computershare to update the share register once a transaction has settled. Please note that brokers charge a fee and there may be anti money laundering (AML) requirements when you register.

Essentially, an off-market transfer is a change of ownership as the shares aren’t being traded on a trading platform.  
 
When an agreement has been made to conduct a transfer between two parties, we recommend that the buyer contacts us before any payment is made, to make sure that you’re eligible to purchase shares and to confirm how many shares you’re entitled to purchase. Once we’ve given confirmation, both parties must complete and sign the relevant sections of the Off-Market Transfer form and return the original completed form either to us or Computershare, our share registry office.

Once the relevant documentation is received and approved, the share registry office conducts the share transfer. Both parties will receive written confirmation that the transfer has taken place. If you don’t receive any paperwork, please let us know. 

If you’re a current producer, you can hold up to six shares per tray of average historical production. This is a 6:1 ratio. This maximum entitlement is also known as your ‘share cap’. We calculate your average historical production using the average of the best two of the last five completed seasons, because we know crop volumes can vary from year to year for many different reasons. We upload the final production figures into our system for the year every April and run calculations to recalculate your share entitlement.

If you’re a new entrant with a greenfield orchard, you’re entitled to hold up to 1.5 shares per 1 tray of ‘deemed production’ this is a 1.5:1 ratio. We use the Regional Production Analysis to calculate your deemed production. This is a summary of average trays per hectare supplied per region which is published in our Annual Report.

A 'market maker' is a broker firm that assumes the risk of holding a certain number of shares of a particular company. The market maker will buy and sell shares for the purposes of promoting share liquidity and reducing price volatility.

From 1st November 2016, Zespri Group Limited (ZGL) contracted Craigs Investment Partners (CIP) to provide market maker services for ZGL shares. CIP are limited under the signed services agreement to holding no more than 0.125% of issued ZGL shares, and the voting rights on any shares held by CIP for the purposes of market making under the terms of the signed services agreement have been forfeited.