Apata Limited is registered under the Companies Act 1993, and its shares are owned or controlled by people who have or have had a relationship with the company, either by providing fruit or through employment.
At 31 August 2009, we had 275 shareholders, most of whom provide kiwifruit or avocados for processing. We encourage all our growers to become shareholders, and to hold shares in relation to the volume of fruit they provide.
The current requirements are that shareholders hold one share for every 3 trays of export grade fruit provided (kiwifruit or avocados), with a minimum shareholding of 2,500 shares.
The dividends paid in respect of the year ended 31 March 2009 was 18.5 cents cash, fully imputed. The share price at the time was $2.17, so the dividend yield equated to 12.7% gross dividend yield. The share price was revalued on 1 September 2009 to $2.30 per share.
All shareholders receive dividends, and those shareholders who also provide fruit may be entitled to rebates based on the volume of export fruit supplied.
For information on becoming a shareholder, please contact Eugene Crosby, Chief Financial Officer, on 07 552 0911 or email on eugene@apata.co.nz , or your Grower Services Representative.
