Below are all the common questions from all pages in a single page. The sub-heading is the title of the page where the FAQ is from.
How does the proposed entitlement differ from current voting?
Currently voting entitlements are worked out by calculating a shareholder’s production as a proportion of total industry production and total shares on issue. However, if the resulting number is greater than the number of shares held by the shareholder, then the voting
entitlement will be the number of shares held. The future voting entitlement will not be dependent on the proportion of a shareholder’s
production to the total industry production, but just based on their own production. A ratio of one voting share per tray produced voting
entitlement applies, unless the shareholder holds a lesser number of shares, in which case the lesser number of shares can be voted.
Entitlements of Owners and Lessees of KPINS
How can I transfer shares if I have lost my share certificate?
You will need to complete a ‘Statutory Declaration and Indemnity for Lost Certificates’ form which is available from Computershare or Zespri. Essentially, this declaration confirms that the certificate has been lost or misplaced and allows Computershare to cancel the certificate in their records. The form needs to be signed by all joint
holders and witnessed by a solicitor, a Justice of the Peace, or a Notary and returned to Computershare. A $25.00 fee is payable directly to Computershare.
Interest Groups and the voting process
The Landowner Priority Rule
Why should lessees have rights to shares?
Growers who lease land to produce kiwifruit have an important stake in the industry and, through the KISP consultation process, it was recognised that lessees should have a right to take up shares available under the cap but subsidiary to the rights of the landowner.
Whilst Zespri has endeavoured to ensure that the information provided in these documents is accurate, the proposals for amendments to Zespri's constitution are still in the process of being finalised, and therefore may be subject to change. Zespri shall not be directly or indirectly liable (whether in contract, tort or otherwise) to any person for any statement, representation, misrepresentation inaccuracy, omission or otherwise in respect of, or any reliance by any person on, any information or documentation Zespri or any of its representatives directly or indirectly makes available or otherwise discloses (whether orally or in writing) in this document or in relation to this document. Updates to the proposals will be made available here on the website and the final proposals will be contained in the proposed constitution issued for voting purposes prior to the Special Meeting.