Investor FAQ's

What are shares?


Shares are ownership of part of a company. It is a contract between the issuing company and the owner of the share, which gives the latter an interest in the management of the corporation, the right to participate in profits and, if the company is dissolved, a claim upon assets remaining when all debts have been paid. The majority of shares issued are either ordinary or preference shares. Companies can also issue deferred shares.




What is the current price of The New Zealand Merino Company Shares?


The last traded price and also the current buy and sell order prices can be found here: The New Zealand Merino Company Share Price




Is there any fee payable to trade The New Zealand Merino Company Shares?


There is a $25.50 excl GST fee payable for a successful Buy or Sell Order. The fee payable will added or deducted at the time of the settlement.




How do I pay for buying shares?


Once your buy order has been matched you will receive a contract note from Link Market Services, who owns and operates The New Zealand Merino Company Share Trading Website, advising the methods payment for the shares can be made by. Payment must be received within 3 working days after the date of the Contract Note.




When does my Buy/Sell Order Expire?


If your buy or sell order is not matched on the date specified on your order or within 6 months of the date you first placed the order, your order will lapse. You will be required to submit a new order.




What is a Buy/Sell order?


A Buy Order is an instruction to acquire shares at a specified price. A Sell Order is an instruction to dispose shares at a specified price. Orders are matched at the price level of the order placed first.




How can I buy The New Zealand Merino Company shares?


Investors can purchase shares in The New Zealand Merino Company Limited (“NZM”) by placing a Buy Order. Shares in NZM are able to be held by Merino and Mid-Micron wool growers. For more detailed information on purchasing or managing shares please refer to the Company Constitution. The maximum number of shares able to be held by a Shareholder (together with Associated Persons) is five per cent (5%) of issued capital.




How can I sell my The New Zealand Merino Company shares?


Investors can sell shares in The New Zealand Merino Company Limited (“NZM”) by placing a Sell Order.




How will I know if my order has been matched?


Those investors whose orders that have been successfully matched will be contacted by NZM's Share Registry, Link Market Services Limited.




Once my shares have been sold when do I receive payment?


Payment will be made within three (3) business days of your NZM Shares being transferred from your holding. Investors will receive a Remittance Advice with the specific details.




When do I need to pay for the shares I bought?


Payment for purchased shares is required within three (3) business days of a investors Buy Order being matched. NZM's Share Registry, Link Market Services Limited, will contact investors with the required settlement instructions.




Who operates The New Zealand Merino Company Share Trading website?


The New Zealand Merino Company Share Trading Website is owned and operated by Link Market Services Limited. Link Market Services Limited is a Registered Financial Services Provider.




Who can I contact regarding The New Zealand Merino Company Share Trading


Investors can contact Link Market Services Limited in the following manner. Phone:09 375 5998
+64 9 375 5998 (International)
Email:enquiries@linkmarketservices.co.nz
Fax:09 375 5990
+64 9 375 5990 (International)
Postal Address:PO Box 91976
Auckland 1142




How do I know if my order has been received?


Investors who have placed an Order will receive an email confirming the details of the order placed. Please take note of the Order Number received.




How do I cancel my order?


Investors can cancel their Orders placed by completing the Cancel Order Form.




How secure is the information I provide to you? Who else can view what?


Link Market Services Limited (“Link”) understands that privacy is important to you. Link is subject to the requirements of the Privacy Act, which governs, among other things, how organisations handle personal information. Our Privacy Policy is available for you to read in this help section.




What is a Common Shareholder Number (CSN) and or Holder Number?


Common Shareholder Number: All investors who purchase securities listed on the NZX through a broker, will be allocated a CSN which will be your common holder number across all NZX listed securities (all New Zealand registrars will hold that single number as your holder number). Holder Number or Shareholder Number: The Registrar for the issuer in which you hold your securities allocates this number to you. You will have a different number given to you from each registry, unless you apply for a CSN across all registries through a broker. A Holder Number / Shareholder Number is allocated to you when you become the owner of securities by any other means than buying them through a broker. Either your CSN or a Holder Number will appear on your Securities Transaction Statements, Payment Advices and other related documents you may receive. Important note - your Common Shareholder Number (CSN), Holder Number and Identification Number (FIN) identify you as the owner of your securities and should be stored securely.




What is an identification Number (FIN)?


This is a four-digit number, similar to your PIN on your bankcard. For on market trades through a broker, you will need to quote your FIN number to your broker when you trade (buy or sell) your securities. It should be stored in a secure place and not be divulged for any other purpose than trading your shares. Your FIN is not required for trades not initiated through the NZX, however you will require your FIN in order to access your holding details via Link’s Investor Centre, https://investorcentre.linkmarketservices.co.nz If you are unable to locate your FIN please contact Link Market Services by: Phone: 09 375 5998
+64 9 375 5998 (International)
Email: enquiries@linkmarketservices.co.nz
Fax: 09 375 5990
+64 9 375 5990 (International)
Postal Address: PO Box 91976
Auckland 1142
Please be aware that for security purposes, FIN numbers will not be disclosed over the phone by Link staff members. Instead, a replacement FIN advice will be despatched to you to your mailing address as held on the register. You can download and print a Lost / Forgotten FIN Form from this website and mail the completed form to Link Market Services Limited, PO Box 91976, Auckland 1142.




What are my shares currently worth?


To find out the value of your securities you multiply the number of securities (holding balance) by the current market price for the security. Current market prices are available here. Please note these prices are indicative only and subject to fluctuation. Any purchase or sale price depends on the agreed pricing between a willing seller and a willing buyer.




Who can I contact if I have a complaint?


If you have a complaint regarding Link Market Services, you may contact our Complaints Manager, using the details below; Our contact details are:
Phone (Investor contact line): 09 375 5998
Email: operations@linkmarketservices.co.nz In writing
Complaints Manager
Link Market Services Limited,
P O Box 91976
Auckland 1142
New Zealand By facsimile: 09 375 5990




How do I sell my securities?


To sell your securities, you will need to place a sell order via The New Zealand Merino Company Limited (“NZM”) Share Trading website. Please ensure you have your CSN or Holder Number when you place your order to sell your securities.




How do I purchase securities?


To purchase securities, you will need to place a buy order via the NZM Share Trading website. Please ensure you have your CSN or Holder Number when you place your order to sell your securities. If you do not have a CSN or Holder Number a Holder Number will be created for you at the time of the order being completed. If you require a CSN to be allocated to you please contact your broker. You will require two forms of Identification to have a CSN allocated to you.




Can I transfer my securities to someone else (private transfer or sale)?


If you wish to transfer or sell your securities to another party under a private arrangement, you will need to print and complete an Off Market Transfer Form. Easy to follow instructions are attached to the Transfer Form. Please ensure that all parties involved sign the transfer form and that the signatures are appropriately witnessed. You will be required to complete a transfer form for each security you wish to transfer and for each person that the securities are being transferred to. You will need your Common Shareholder Number (CSN)/Holder Number to be stated on the transfer form. Transfers must be validly completed and signed, and must meet the conditions of transfer, as required by NZM and Link. If you are signing under a power of attorney, a certified copy of the original power of attorney must be lodged with Link Market Services for noting (if not already noted).





Updating your Details

What are shares?


Shares are ownership of part of a company. It is a contract between the issuing company and the owner of the share, which gives the latter an interest in the management of the corporation, the right to participate in profits and, if the company is dissolved, a claim upon assets remaining when all debts have been paid. The majority of shares issued are either ordinary or preference shares. Companies can also issue deferred shares.




What is the current price of The New Zealand Merino Company Shares?


The last traded price and also the current buy and sell order prices can be found here: The New Zealand Merino Company Share Price




Is there any fee payable to trade The New Zealand Merino Company Shares?


There is a $25.50 excl GST fee payable for a successful Buy or Sell Order. The fee payable will added or deducted at the time of the settlement.




How do I pay for buying shares?


Once your buy order has been matched you will receive a contract note from Link Market Services, who owns and operates The New Zealand Merino Company Share Trading Website, advising the methods payment for the shares can be made by. Payment must be received within 3 working days after the date of the Contract Note.




When does my Buy/Sell Order Expire?


If your buy or sell order is not matched on the date specified on your order or within 6 months of the date you first placed the order, your order will lapse. You will be required to submit a new order.




What is a Buy/Sell order?


A Buy Order is an instruction to acquire shares at a specified price. A Sell Order is an instruction to dispose shares at a specified price. Orders are matched at the price level of the order placed first.




How can I buy The New Zealand Merino Company shares?


Investors can purchase shares in The New Zealand Merino Company Limited (“NZM”) by placing a Buy Order. Shares in NZM are able to be held by Merino and Mid-Micron wool growers. For more detailed information on purchasing or managing shares please refer to the Company Constitution. The maximum number of shares able to be held by a Shareholder (together with Associated Persons) is five per cent (5%) of issued capital.




How can I sell my The New Zealand Merino Company shares?


Investors can sell shares in The New Zealand Merino Company Limited (“NZM”) by placing a Sell Order.




How will I know if my order has been matched?


Those investors whose orders that have been successfully matched will be contacted by NZM's Share Registry, Link Market Services Limited.




Once my shares have been sold when do I receive payment?


Payment will be made within three (3) business days of your NZM Shares being transferred from your holding. Investors will receive a Remittance Advice with the specific details.




When do I need to pay for the shares I bought?


Payment for purchased shares is required within three (3) business days of a investors Buy Order being matched. NZM's Share Registry, Link Market Services Limited, will contact investors with the required settlement instructions.




Who operates The New Zealand Merino Company Share Trading website?


The New Zealand Merino Company Share Trading Website is owned and operated by Link Market Services Limited. Link Market Services Limited is a Registered Financial Services Provider.




Who can I contact regarding The New Zealand Merino Company Share Trading


Investors can contact Link Market Services Limited in the following manner. Phone:09 375 5998
+64 9 375 5998 (International)
Email:enquiries@linkmarketservices.co.nz
Fax:09 375 5990
+64 9 375 5990 (International)
Postal Address:PO Box 91976
Auckland 1142




How do I know if my order has been received?


Investors who have placed an Order will receive an email confirming the details of the order placed. Please take note of the Order Number received.




How do I cancel my order?


Investors can cancel their Orders placed by completing the Cancel Order Form.




How secure is the information I provide to you? Who else can view what?


Link Market Services Limited (“Link”) understands that privacy is important to you. Link is subject to the requirements of the Privacy Act, which governs, among other things, how organisations handle personal information. Our Privacy Policy is available for you to read in this help section.




What is a Common Shareholder Number (CSN) and or Holder Number?


Common Shareholder Number: All investors who purchase securities listed on the NZX through a broker, will be allocated a CSN which will be your common holder number across all NZX listed securities (all New Zealand registrars will hold that single number as your holder number). Holder Number or Shareholder Number: The Registrar for the issuer in which you hold your securities allocates this number to you. You will have a different number given to you from each registry, unless you apply for a CSN across all registries through a broker. A Holder Number / Shareholder Number is allocated to you when you become the owner of securities by any other means than buying them through a broker. Either your CSN or a Holder Number will appear on your Securities Transaction Statements, Payment Advices and other related documents you may receive. Important note - your Common Shareholder Number (CSN), Holder Number and Identification Number (FIN) identify you as the owner of your securities and should be stored securely.




What is an identification Number (FIN)?


This is a four-digit number, similar to your PIN on your bankcard. For on market trades through a broker, you will need to quote your FIN number to your broker when you trade (buy or sell) your securities. It should be stored in a secure place and not be divulged for any other purpose than trading your shares. Your FIN is not required for trades not initiated through the NZX, however you will require your FIN in order to access your holding details via Link’s Investor Centre, https://investorcentre.linkmarketservices.co.nz If you are unable to locate your FIN please contact Link Market Services by: Phone: 09 375 5998
+64 9 375 5998 (International)
Email: enquiries@linkmarketservices.co.nz
Fax: 09 375 5990
+64 9 375 5990 (International)
Postal Address: PO Box 91976
Auckland 1142
Please be aware that for security purposes, FIN numbers will not be disclosed over the phone by Link staff members. Instead, a replacement FIN advice will be despatched to you to your mailing address as held on the register. You can download and print a Lost / Forgotten FIN Form from this website and mail the completed form to Link Market Services Limited, PO Box 91976, Auckland 1142.




What are my shares currently worth?


To find out the value of your securities you multiply the number of securities (holding balance) by the current market price for the security. Current market prices are available here. Please note these prices are indicative only and subject to fluctuation. Any purchase or sale price depends on the agreed pricing between a willing seller and a willing buyer.




Who can I contact if I have a complaint?


If you have a complaint regarding Link Market Services, you may contact our Complaints Manager, using the details below; Our contact details are:
Phone (Investor contact line): 09 375 5998
Email: operations@linkmarketservices.co.nz In writing
Complaints Manager
Link Market Services Limited,
P O Box 91976
Auckland 1142
New Zealand By facsimile: 09 375 5990




How do I sell my securities?


To sell your securities, you will need to place a sell order via The New Zealand Merino Company Limited (“NZM”) Share Trading website. Please ensure you have your CSN or Holder Number when you place your order to sell your securities.




How do I purchase securities?


To purchase securities, you will need to place a buy order via the NZM Share Trading website. Please ensure you have your CSN or Holder Number when you place your order to sell your securities. If you do not have a CSN or Holder Number a Holder Number will be created for you at the time of the order being completed. If you require a CSN to be allocated to you please contact your broker. You will require two forms of Identification to have a CSN allocated to you.




Can I transfer my securities to someone else (private transfer or sale)?


If you wish to transfer or sell your securities to another party under a private arrangement, you will need to print and complete an Off Market Transfer Form. Easy to follow instructions are attached to the Transfer Form. Please ensure that all parties involved sign the transfer form and that the signatures are appropriately witnessed. You will be required to complete a transfer form for each security you wish to transfer and for each person that the securities are being transferred to. You will need your Common Shareholder Number (CSN)/Holder Number to be stated on the transfer form. Transfers must be validly completed and signed, and must meet the conditions of transfer, as required by NZM and Link. If you are signing under a power of attorney, a certified copy of the original power of attorney must be lodged with Link Market Services for noting (if not already noted).





© The New Zealand Merino Company Ltd 2019

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