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 December 2010, we had 263 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 gross dividends paid in the year ended 31 December 2010 were 22.4 cents which were fully imputed. The net cash dividend paid was 15 cents. The share price at the time was $1.73 so the gross dividend yield was 12.95%. The current share price remains $1.73.
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.
