Dated at Wellington this 15th day of March 2004.
The Common Seal of the Securities Commission was affixed in the presence of:
This note is not part of the notice, but is intended to indicate its general effect.
This notice comes into force on the day after its notification in the Gazette and expires on 31 March 2009.
The notice exempts Livestock Improvement Corporation Limited, subject to conditions, from sections 37 and 37A of the Securities Act 1978, and from the Securities Regulations 1983 (except regulation 8), in respect of investment shares in the company that are listed on the NZAX. The investment shares may be held only by or on behalf of transacting shareholders of the company who also hold co-operative control shares in the company. No exemptions are granted by the notice in respect of the company's co-operative control shares.
The notice also exempts, subject to a condition, holders of investment shares (other than LIC) from sections 54A and 54B of the Securities Act 1978.