Purpose of the proposals

Zespri’s current share statistics

  • There are currently 120,717,335 shares on issue in Zespri Group Limited.
  • Of this total, around 15 percent of the shares are held by people who are no longer connected with the industry.
  • Around five percent of the total shareholding is what we term ‘misaligned’. The shares are held in the name of a different entity to the entity that produces fruit for supply to Zespri (but the two entities are related). These misaligned shareholders are considered to be dry shareholders or non-producers.
  • Eight percent of shares held by producers who are over the four-to-one share cap that Zespri is proposing in its amended Constitution. These shares are what we term ‘overshared’.
  • 29 percent of shares are owned by producers are below the one-to-one ratio of shares to production, which we term ‘undershared’.
  • 43 percent of shares are owned by producers above the one-to-one ratio of shares to production but below the share cap of four-to-one, which we term ‘aligned’.
  • An average of 46 million trays were produced for supply to Zespri over the last few seasons (being 32 percent of total trays produced for supply in 2016/17) by growers who do not currently own shares in the company.

*A relatively small amount of shares (in addition to non-producers’ shares), less than one percent, do not have votes associated with them. This may include cases where the owner of the shares has orchard/s that are not yet producing, or where the shares belong to a lessee but the corresponding production is assigned to the entity who owns the land.


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.