Not a Shareholder?
Here are some questions that might be on your mind
Who can become a shareholder?
Farmers who purchase Ballance products may wish to consider becoming shareholders in the company.
How do I become a shareholder?
To become a shareholder you must purchase a minimum of 30 shares. At our current share price of $9 this would be an initial outlay of $270. In addition we ask you to forecast how many tonnes of fertiliser you expect to buy in a year. This tonnage is called your quota and is used to determine how many shares you need to become a fully paid-up shareholder. This ‘required shareholding' is re-evaluated every four years and only changes if the tonnage of fertiliser used alters.
What are the benefits of becoming a shareholder?
There are many benefits to becoming a Ballance shareholder. As a co-operative, we are owned by our farmers and growers and exist to deliver value for them. Ballance shareholders get access to quality, affordable nutrients, accessible when they need to use them through our extensive network of regional distribution sites. We partner with our shareholders and give them access to expert resources, the latest insights and digital tools – their success is our success. We invest in innovation to help shareholders have a sustainable future and do more with less.
Each year the Ballance Board considers the best way to utilise profits from that year. In some financial years the Board decides to pay shareholders a rebate based on how much a shareholder has bought and how much they have spent that year. Ballance shareholders can also vote for members of our Board of Directors who make key decisions for the co-operative.
How are shareholder rebates calculated?
In financial years where Ballance pays a rebate, shareholders receive this based on all qualifying purchases made during that year. The rebate is historically calculated on the volume of product and the value of that product using agreed parameters determined by the directors. This means we reward you based on how much you buy and how much you spend. If you are not fully paid-up, the Board will determine an amount per share that will be retained and applied to buy additional shares, or to pay any outstanding amount on your shares, with any remaining amount per share paid to you in cash. Once you are fully paid-up rebates are paid entirely in cash.
Please refer to our Product Disclosure Statement for information on becoming a shareholder, the current policies and the risks associated with an investment.
Who do I contact for more information?
Talk to your local Ballance Nutrient Specialist today about becoming a Ballance shareholder. Alternatively, you can make an enquiry through our Contact page or phone our shareholding team on 0800 267 266.
Important information to become a Ballance shareholder:
- Application form
- Direct credit form for payment of your annual rebate
- Our Product Disclosure Statement (PDS)
To become a shareholder submit your completed forms to shares@ballance.co.nz or contact us on 0800 267 266 for more information.