There are some aspects of this fund which may require extra consideration before deciding to invest.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
The offer is only open to “producers”, as defined in section 2 of the Kiwifruit Export Regulations 1999, resident in New Zealand who opt-in to, and remain eligible to participate in, the LaS Scheme and/or the DaS Scheme (all terms are defined in the PDS).
Issuer's description of this product:
Fully paid convertible ordinary shares in Zespri Group Limited.
Shares have restrictions on who may own them, how many of them may be owned, mandatory sale requirements, the calculation of voting rights and the eligibility for dividends, which are related to a shareholders kiwifruit production and relationship to the orchard producing the kiwifruit. A Share will automatically convert into a Class B Share if at any time it is held by a Shareholder for a period of three years, and where during that period, that Shareholder has not been an Owner or Lessee of a property from which kiwifruit was supplied to Zespri. A Class B Share does not have any rights to receive a dividend but otherwise has the same rights as a Share.
A Share will not convert into a Class B Share, and a Class B Share will automatically convert back to a Share, if it is held by a Producer.
These matters are explained in Section 5 of the PDS.
Minimum investment
$0.00
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
None
This is the price per share of this offer. Additional details may be available.
Closing date
Ongoing
This is when this offer closes to investors.
The details
Fixed offer price details
None
Fixed offer price description
There is no fixed price and no fixed or indicative price range for Shares. Rather, Shares have no nominal value, and are expected to be issued at a price determined by the Board as being fair and reasonable to Zespri and all Shareholders at the time of issue having regard to (among other things) independent valuation advice obtained by the Board from time to time; Zespri Group's current and future expected financial performance; the fact that Shares are traded in a restricted manner, as only “producers” as defined in section 2 of the Kiwifruit Export Regulations 1999, not exceeding their Share Cap can buy Shares; and the prevailing market price of Shares trading on the USX.
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Product Disclosure Statementforanofferof Ordinary Sharesin Zespri Group Limiteddated 20 November 2025.pdf
How this investment works, including about the provider, risks, costs and potential returns
PDF, 6.22 MB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
KNZ Export Authorisation 2026.pdf
KNZ Export Authorisation
PDF, 306.00 KB
Enduring Funding Agreement.pdf
Enduring Funding Agreement
PDF, 670.08 KB
2025 Loyalty Agreement.pdf
2025 Loyalty Agreement
PDF, 220.01 KB
2026 Supply Agreement.pdf
Supply Agreement
PDF, 8.24 MB
Information Incorporatedby Referencein Product Disclosure Statementforanofferof Ordinary Sharesin Zespri Group Limiteddated 21 November 2025.pdf
Additional product disclosure statement from the provider
PDF, 1.51 MB
Dividends as Shares Scheme Offer Document.pdf
Dividends as Shares Scheme Offer Document
PDF, 628.96 KB
Loyalty as Shares Scheme Offer Document.pdf
Loyalty as Shares Scheme Offer Document
PDF, 595.94 KB
Notice to shareholders of proposed offer of shares.pdf
Notice to shareholders of proposed offer of shares
PDF, 192.21 KB
2026 Indicative Strike Price Range and Independent Valuation Report.pdf
2026 Indicative Strike Price Range & Independent Valuation Report
PDF, 707.76 KB
Additional details
Issuer details
Name
ZESPRI GROUP LIMITED
Type
NZ Limited Company
Industry
Agriculture/forestry/fishing
Website
NZBN
9429037299538
FSP Number
Credit rating
Not provided
Offer details
Date registered
21 November 2024
Date opened
29 November 2024
Closing date
None
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Restrictions on acquisition
Yes: The offer is only open to “producers”, as defined in section 2 of the Kiwifruit Export Regulations 1999, resident in New Zealand who opt-in to, and remain eligible to participate in, the LaS Scheme and/or the DaS Scheme (all terms are defined in the PDS).
Convertible product
Yes: Shares are subject to potential conversion into Class B Shares of Zespri in certain
circumstances.
A Class B Share does not have any rights to a dividend but otherwise has the same rights as a Share (although in practice, a holder of a Class B Share will usually not have voting rights either, as most voting rights are based on production, which a holder of a Class B
Share will not have due to them being a non-Producer). A Share will not convert into a
Class B Share, and a Class B Share will
automatically convert back to a Share, if it is
held by a Producer.
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR13848: OFFER OF ORDINARY SHARES IN ZESPRI GROUP LIMITED