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Six waivers have been granted and published by the NZ Exchange.
The first was granted in December 2007, where NZX Regulation granted approval for a waiver from NZSX Listing Rule 7.10.2 to allow the closing date for the Non-renounceable Rights Offer to be 17 Business Days after the mailing of the letters of entitlement, rather than 18 Business Days.
The second was granted in February 2008 from NZSX Listing Rule 7.3.2(b) to allow NZFSU to issue shares in payment of the Management and Performance Fees to its Manager, PGG Wrightson Funds Management Limited, for the first three years of the term of the Management Agreement between NZFSU and PGG Wrightson Funds Management Limited, without annual shareholder approval.
The third was granted in July 2009 from NZSX Listing Rule 9.1.1 to allow the Company to enter into a guarantee trust as part of an offer of debt securities in Uruguay, without shareholder approval.
The fourth was granted in October 2009 from NZSX Listing Rule 9.2.1 to allow the Company to enter into an amended Management Agreement with PGG Wrightson Funds Management Limited, being a material transaction with a related party, without shareholder approval.
The fifth and sixth were granted in December 2010 and June 2011 respectively from NZSX Listing Rule 9.2.1 to allow the Company to enter into Loan Facilities with Olam International Limited, being a material transaction with a related party, without prior shareholder approval.
Click the links below to view the Waivers:
Applying New Zealand farming expertise in South America
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