(1) In this notice, unless the context otherwise requires,—
eligible grower means a person who was a non-merino grower at the time of the initial offer and who elected, under the terms of that offer, to apply his or her future redeemable preference share entitlements wholly or partly in subscribing for additional ordinary shares in the issuer
initial offer means the initial public offer of ordinary shares in the issuer to growers under the prospectus
issuer means Wool Equities Limited
new shares means the ordinary shares in the issuer to be issued to eligible growers
prospectus means the prospectus for the initial offer dated 26 September 2003
redeemable preference share entitlement means the amount payable to each eligible grower on redemption of the redeemable preference shares held on the grower's behalf by the trust
redeemable preference shares means redeemable preference shares in Wool Board Disestablishment Company Limited issued to the trustees of the trust on behalf of non-merino growers and to the trustees of the bare trust established for the benefit of merino growers
subsequent distribution means the subsequent distribution by Wool Board Disestablishment Company Limited of the cash reserves of the New Zealand Wool Board to growers through the redemption of redeemable preference shares
trust means the non-merino bare trust established by a deed of trust dated 29 August 2003 that was established to hold the redeemable preference shares on behalf of non-merino growers.
(3) Any term or expression that is defined in the Act or the Regulations and used, but not defined, in this notice has the same meaning as in the Act or the Regulations.