Ravensdown Share Surrender

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Our constitution allows for share surrenders in three different circumstances:

Death of a Shareholder
The shares are held by the personal representative(s) of a deceased shareholder, as part of the estate, and the personal representative is not a Transacting Shareholder on behalf of the estate.

Shareholder is no longer Transacting
The Shareholder has not been a Transacting Shareholder of Ravensdown during the last five years.

Shareholder has no capacity to Transact
The Shareholder no longer has the capacity to be a Transacting Shareholder because it has disposed of (by sale or lease) or changed the use of all or part of the farm property.

We have put together guidance notes to help you determine whether you are eligible to request the surrender of your Ravensdown shares, and aid in the completion of the Share Surrender Form.

Share Surrender Form     Guidance Notes     Our Constitution

If you do not meet any of the above eligibility criteria, but you have ceased to be a Transacting Shareholder and want to surrender your shares, you can write to the board offering to surrender some or all of your shares and setting out your reasons for doing so. Please refer to the Guidance Notes for further information.

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Signing Guidelines for Surrender Form

Introduction

Depending on what type of applicant you are (individual, joint applicant, company, partnership or trust) there are different requirements for the how the form needs to be signed.

Individual

Each shareholder must complete their name and sign the form. Each signature to be witnessed.

Joint

Each shareholder must complete their name and sign the form. Each signature to be witnessed.

Company

Complete the correct legal name of the company and sign the form in the manner permitted by the Companies Act or your constitution (which may mean a witness is required).

As a general rule, the signature of two directors will be sufficient.

Partnership

Unless the partnership agreement provides otherwise, all of the partners must sign the application form with each signature to be witnessed. Partners can be individuals or other entities, so must sign according to what entity they are.

In New Zealand there is no register of partnerships (as there is with companies), so in order to check that all partners have signed the application, we may require a copy of the up to date partnership deed or that part of the deed which sets out who the partners are.

Trust

Unless the Trust Deed provides otherwise, all of the trustees must sign the application form.

In New Zealand there is no register of trusts (as there is with companies), so in order to check that all trustees have signed the application, we may require a copy of the up to date trust deed or that part of the trust deed which sets out who the trustees are.

Extra signature space

If more persons need to sign the application form than we have left space for, please place the additional signatures on a blank page attached to your application, and write the name of your entity at the top of the form.

Digital documentation

Ravensdown does not require the original of any signed application forms. We will accept forms which are signed correctly and emailed to us, and forms which are signed using an electronic signature.

Privacy

Ravensdown respects your privacy and will take all due care to keep your information confidential. We will only make your information available to those people in the organisation who have a genuine business need to view it and in accordance with our Privacy Policy.

Please refer to our Privacy Policy.

The Share Registry ⋅ Ravensdown Limited
PO Box 1049 ⋅ Christchurch 8140