LIC Fully Pays Up Small Tranche of Nil Paid Shares, Tidying Capital Structure

Livestock Improvement Corporation Ltd ( (NZ:LIC) ) has provided an update.

Livestock Improvement Corporation has regularised a small portion of its capital structure by fully paying up 204 previously nil paid ordinary shares at NZ$1.00 per share in cash. The change, executed under existing constitutional and board authorities, converts these shares into quoted ordinary stock and marginally increases the pool of fully paid shares.

Following this payment, LIC now has 141,938,809 quoted ordinary shares on issue, alongside 406,027 remaining nil paid shares and 5,337,584 ordinary shares held as treasury stock. While numerically minor at 0.0001% of the class, the move continues the clean-up of legacy share simplification arrangements and improves transparency in the company’s share capital profile for investors and regulators.

More about Livestock Improvement Corporation Ltd

Livestock Improvement Corporation Limited (LIC) is a New Zealand-based agritech and dairy genetics cooperative that provides herd improvement, data, and productivity services to dairy farmers. Its primary focus is on improving livestock performance and supporting efficient, technology-driven dairy farming across New Zealand and related markets.

Average Trading Volume: 42,073

Technical Sentiment Signal: Buy

Current Market Cap: N$157.6M

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