ALF - Allied Farmers Limited

[Nigel]

Great news that the IPO is proceeding. And the shareprice heading north again!

[golden city]

Nice one. Up from here

[nztx]

Announcement after market close yesterday -


https://www.nzx.com/announcements/365365

Settlement of NZ Rural Land Management Purchase


"18/12/2020, 5:22 pm CORPACT

SETTLEMENT OF NZ RURAL LAND MANAGEMENT PURCHASE

Allied Farmers Limited (“Allied Farmers” NZX: ALF) is pleased to confirm that it has today settled the purchase of a 50 percent interest in NZ Rural Land Management Partnership (NZRLM). NZRLM is the external manager of The NZ Rural Land Company Limited (NZRLC) which is listing on the NZX on Monday 21 December 2020.

The purchase will be settled in two tranches. The first tranche was completed today by the issue of 4,463,682 ordinary ALF shares @ $0.50 to the vendors of NZRLM. The second tranche will be paid to the vendors in either cash or shares after Allied Farmers has completed its Renounceable Rights Offer, which closed today.

As previously disclosed, Chris Swasbrook joins the Allied Farmers Board from today. Chris is a co-founder of NZRLC. He is also the Managing Director of Elevation Capital Management Limited, a Board Member of the Financial Markets Authority, a member of the NZX Listing Sub-Committee and a member of the NZ Markets Disciplinary Tribunal. Chris also Chairs Bethunes Investments Limited and is a director of Swimtastic Limited. Chris was previously a Partner of Goldman Sachs JBWere Pty Limited, Co-Head of Institutional Equities at Goldman Sachs JBWere (NZ) Limited and a Foundation Broker of the New Zealand Exchange Limited (“NZX”) and before that an Individual Full Member of the NZ Stock Exchange.

Allied Farmers Chair Richard Perry said “We are delighted to have Chris join our Board. Chris has an impressive background in capital markets and governance and brings the ideal set of skills and relationships to assist Allied to develop and execute its growth aspirations”.

The Board has determined that, due to Elevation Capital being a significant shareholder in Allied Farmers, Chris Swasbrook is not an independent director.

Richard Perry

Chairman"

[golden city]

With the successful capital raised we are heading for more acqusition soon looking good

[Nigel]

Lots of opportunity ahead. Still a very low market cap, profitable, money in the bank, new revenue stream through NZRLM and a very savvy new director in Chris Swasbrook.

[golden city]

And a very good chairman all comes to fruition Maybe in future add Mr Campbell in as Director

[nztx]

With the successful capital raised we are heading for more acqusition soon looking good

heard rumour of something further - have you ?

[nztx]

Lots of opportunity ahead. Still a very low market cap, profitable, money in the bank, new revenue stream through NZRLM and a very savvy new director in Chris Swasbrook.

Let's see how well they manage to elevate the flying machine & keep it aloft on an even keel
sailing through the effects of Mother Nature's seasonal tinkerings ..

Obviously it's not the done thing in height of a drought to paint a Veal's head on it's other end & attempt
to count it twice ..

It is what it is ..

similarly the ins & outs for attracting in a new sharemilker cocky class onto potential dairy acreage to have
something to manage & clip the ticket on, in current local dairying times & conditions ..

NZL's current SP doesn't do a lot to excite based on initial IPO price, but it's early days .. let's
face it the dough is in the bank and finalising arrangements with the Management Co is possibly
the only activity to date, past listing .. before everyone took off on holiday ..

[golden city]

Very interesting here the nzrlc largest shareholder also bought 20% of the management company which potentially could bought back to Alf with the swap option to Alf shares. So the connections is very strong that the Clyde and Rena Hollard could also be the top shareholder of Alf. Which should attracting other investors to look into Alf

[nztx]

https://www.nzx.com/announcements/365532

Rights Issue Oversubscribed

'RIGHTS ISSUE OVERSUBSCRIBED

Allied Farmers Limited (“Allied Farmers”; NZX: ALF) is delighted with the demand for its $3 million 1 for 3 renounceable rights offer (the Offer) which closed oversubscribed on 18 December 2020.

Shareholders and investors that exercised their entitlements will receive their full allocation. Those that applied for shares in the over-subscription facility will be scaled on a pro-rated 63.6% acceptance basis*. As a result, Allied Farmers has raised $3 million in the Offer.

Allied Farmers Chair, Richard Perry, said: “We are very encouraged by this strong show of support. A significant proportion of the capital was raised in the couple of days after we announced that the NZ Rural Land Management Agreement was unconditional, and that we had agreed to invest an additional $750,000 in the New Zealand Rural Land Company IPO.

This tells us that shareholders endorse this investment, and want to participate in our strategy to invest in businesses that complement our existing core activities and that provide solutions to the issues facing the agricultural sector”.

The new shares will be allotted, and shareholders will be advised of the their final allocations, on Thursday 24 December 2020.

Richard Perry

Chairman

*Applicants will not be scaled for the first 1,000 shares that they applied for in the oversubscription facility.'