Why invest
As a New Zealand Kiwifruit grower, you may be eligible to become a Zespri shareholder. Explore the potential benefits of investing in Zespri shares, details around dividends, and explanations of commonly used terms.
You should seek professional independent advice before making an investment decision.
We're owned and controlled by our growers
Zespri is owned and controlled by growers current and past by the way of shareholding in the company. Our shareholders have voting rights based on the orchard production which allows them to have an influence on key decisions at our Annual Meeting. To increase industry share alignment and to accurately reflect the ‘growers'’ voice in our operations, it is important that Zespri shares are owned by our current New Zealand growers.
Potential benefits of being a Zespri shareholder
- Have a say in key decisions including the appointment of grower directors, and director remuneration by voting on shareholder resolutions
- Payout of dividends. The current dividend pay-out policy is 70-90 percent of Zespri’s calculated distributable profit each year. Dividend payments may be paid annually. This combines the final dividend from the previous financial year) and the interim dividend for the current financial year. (However, it’s important to note that payment of dividends is not guaranteed and the decision around if, when and how much will be submitted to the Zespri Board for approval).
- Stronger grower ownership of Zespri will help maintain industry unity and stability and help maximise the ability of the Single Desk structure to create value for growers. Growers have chosen to work together under this structure and for it to continue to succeed growers will need to succeed together. Aligning commercial interests will ensure more growers benefit more fully from new initiatives to create value.
- Share alignment will help ensure we continue to be able to make decisions as an industry based on feedback from our markets – we invest to understand what will help ensure more people buy more kiwifruit more often at higher value. Being able to translate those signals into decisions around what we provide the market will support value for growers.
- Stronger grower ownership will also help to maintain political support for the Single Desk structure, including helping ensure government policy settings which support the creation of value for growers and New Zealand.
Understanding the basics - share terminology explained
If you’re thinking about investing in shares for the first time you may not be familiar with all the terminology and processes. Here you’ll find answers to some frequently asked questions to help you get started. See our glossary for further definitions of share terminologies.
A share market is just like any other market where buyers and sellers come together to work out a price for something. The key difference when trading shares is that the share market is a virtual marketplace and typically all trading is done online. The share market for Zespri shares is on Unlisted Securities Exchange (USX).
A broker is an individual or a company who handles customer orders to buy and sell shares. Brokers are licenced professionals in fields where specialised knowledge is required. Their rate is often called a brokerage or commission, which is usually a certain percentage of the sale after the trade is completed. 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.
Key resources
Support
The Zespri Shares team provides specialised support to the industry on everything shares related. If you have questions about shares or the share structure, please don't hesitate to ask. Email shares@zespri.com or call us on 07 572 6402.
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