Investor Centre

How can I buy or sell shares in PGG Wrightson?

You can invest in PGG Wrightson through an online investment platform, a sharebroker or a financial adviser. If you do not have a broker, you can view a list of market participants on the NZX website. A sharebroker will explain how you can buy or sell shares in PGG Wrightson.

Computershare’s Investor Trade allows Shareholders to sell NZX-listed securities without needing to open a trading account with a broker.

How can I find out how much my PGG Wrightson shares are worth?

To find out the value of your shares you need to multiply the number of shares you hold (holding balance) by the current market price. You can check your current holding balance by logging into your Computershare account.

My details are wrong on my share certificate, what should I do?

You can correct your details at Computershare Investor Centre.

What is PGG Wrightson's dividend policy?

The PGG Wrightson Board of Directors will determine to pay cash dividends (both interim and final) as appropriate, taking into account relevant considerations at the time, including:

• Working capital requirements
• Capital expenditure requirements
• The cyclical nature of agricultural business
• The interests of Shareholders
• Free cash-flow available for distribution
• Relevant market price

This policy is geared towards providing a consistent dividend stream while maintaining financial flexibility through the business cycle. It was adopted on 12 December 2012 and remains in effect until otherwise determined by the Board of Directors of PGG Wrightson Limited.

I am a non-resident; in the event that PGG Wrightson pays dividends, how are my dividends taxed?

Non-resident withholding tax (NRWT) is deducted from dividends paid to Shareholders who are not tax residents of New Zealand. New Zealand has tax treaties with many other countries, and for residents of those countries, NRWT is deducted at 15%. For residents of other countries, NRWT is deducted at 30%. More information about NRWT and non-resident tax obligations can be found at Inland Revenue.

I am the executor for a PGG Wrightson shareholder who has passed away. What do I need to do?

The deceased person’s PGG Wrightson shares will form part of the estate to be distributed according to their will if the deceased has made one. Computershare Investor Centre can be consulted for more details about how deceased shareholders’ holdings are managed.   

How are the Directors on the PGG Wrightson Board appointed?

Directors are elected by Shareholders at the Annual Shareholders' Meeting (ASM). Directors must then stand for re-election at the third ASM following their appointment or three years, whichever is longer. The Board of Directors may also appoint Directors between ASMs where there is a vacancy, and those Directors must stand for election at the next ASM. More information on how the Board is appointed is available within the relevant PGW corporate governance policies.

I did not receive the funds due to me from PGG Wrightson’s capital return in 2019. Why is this, and how do I obtain these funds?

Following the sale of PGG Wrightson Seeds in 2019, a $234 million capital distribution was due to be returned to Shareholders. Computershare contacted all Shareholders at the time, and it recontacted shareholders who did not reply to the initial communication.

The capital distribution funds due to shareholders who Computershare does not have current contact details for have been transferred to the Inland Revenue Department under the Unclaimed Money Act 1971. Anyone can search for and apply (online or in writing) to claim unclaimed funds from Inland Revenue. 

Shareholders are encouraged to ensure their contact details are up to date with Computershare Investor Centre so that any information can be delivered to them in a timely manner.