LIC Tidies Capital Structure as 827 Nil Paid Shares Become Fully Paid

Livestock Improvement Corporation Ltd ( (NZ:LIC) ) has shared an announcement.

Livestock Improvement Corporation has confirmed that 827 previously nil paid ordinary shares, originally issued at NZ$1.00 under a 2018 share simplification, have now been fully paid in cash and converted into quoted ordinary shares. Following this change, LIC has 141,938,605 quoted ordinary shares on issue, 406,231 nil paid shares still outstanding, and 5,337,584 ordinary shares held as treasury stock, representing only a minor adjustment to its overall share capital structure.

The paying up of these shares marginally increases LIC’s fully paid share base but does not materially alter ownership dynamics or control, given the very small percentage of total shares involved. For existing shareholders and market participants, the move reflects ongoing tidy-up of historical capital arrangements and enhances clarity in the company’s equity structure without signalling a broader capital-raising or strategic shift.

More about Livestock Improvement Corporation Ltd

Livestock Improvement Corporation Limited (LIC) is a New Zealand-based agritech and dairy genetics company whose ordinary shares trade on the NZX under the ticker LIC. The co-operative focuses on products and services that support dairy farmers, including genetic improvement, herd management, and productivity tools tailored to the New Zealand dairy sector.

Average Trading Volume: 51,212

Technical Sentiment Signal: Buy

Current Market Cap: N$151.9M

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