2023 share release
2023 Share Release
– OFFER NOW CLOSED –
Post offer applications are invited
email us on [email protected] for more information
Grower owned, co-operative macadamia processor Suncoast Gold is pleased to be offering
new shares for the first time in many years in order to grow and strengthen our operations.
This share release is an opportunity for growers to secure a home for their crop, now and into the future. It allows shareholders the opportunity to top up to the minimum of 625 shares per hectare to qualify for guaranteed supply of their NIS to Suncoast Gold.
As a 100% grower-owned cooperative, Suncoast Gold is committed to a sustainable future for the macadamia industry from the farm gate, through to the high quality products produced for our customers around the world.
We worked hard, and were proud to uphold our 2022 NIS offer price and meet payment obligations to our growers. But, as we develop and grow our business, we need a reliable, quality supply of NIS from our growers to meet this increasing demand.
Suncoast Gold is in a unique position in the processing world, with a myriad of opportunities for the business that will provide some very solid foundations moving forward, but these opportunities won’t last and we need to strengthen our position while we have that opportunity.
The macadamia industry is going through some difficult times with low prices, higher input costs, supply chain issues and increased competition, all stemming from a fast growing global crop.
In order to meet the needs of our customers, market the growing crop of our shareholders, and to remain competitive internationally, our operations must become more efficient, and we must diversify our range and sales opportunities.
Please take the time to read the Information Memorandum (IM) in full using the links below and secure your ownership of Suncoast Gold into the future.
INFORMATION MEMORANDUM
The Information Memorandum (IM), approved by the Board of Suncoast Gold Macadamias outlines the share release in full and contains links to the application portal.
Please note that this is not a public offer, there are conditions in becoming a shareholder with Suncoast Gold and all applications for shares are subject to conditions and approval as outlined in the IM.
KEY NUMBERS
1,500,000 new A-Class Shares to be issued under the offer
IM Date – 16 March 2023
Offer Opens – Friday, 17th March 2023
Offer Closes – Wednesday 19th April 2023 EXTENDED to Wednesday 3rd of May for applications and up front payments. NOW CLOSED
The share release is being managed by Automic Registry Services. Existing shareholders will be able to use their existing shareholder profile when applying for shares, while new shareholders will be prompted to create an account with Automic.
HOW TO INVEST
As a grower co-operative we understand that funding a share purchase can be difficult so we are offering two different payment options
Option 1 – Up front payment
Offsetting the final grower payment from 2022 is also an option.
Option 2 – 50% Up front , 50% deferred payment* Conditions Apply
Deferred portion deducted from 2023 Crop Payments at 5% of total per month over 10 months for full payment by April 2024. Only available with Board approval
Applications can be made through the online application portal hosted by Automic and are subject to terms, conditions and approval.
100% owned by growers
Founded in 1985 by a group of enthusiastic and passionate macadamia growers, Suncoast Gold remains true to its original values of community, sustainability and co-operative benefit for its grower-shareholders.
As the industry continues to grow, both in Australia and overseas, we must also grow and develop our business to keep pace and remain competative.
Please contact us if you have any questions regarding the Share Offer, how it will work and how it will benefit you as a shareholder.
SHAREHOLDER BENEFITS
The main benefits of being a fully subscribed shareholder in Suncoast Gold Macadamias remains in the security of a guaranteed market for your crop today, and into the future.
As a fully subscribed, supplying A-class shareholder you will get access to
- Guarantee of 100% nominated crop purchase (subject to constitutional rules)
- Ongoing support from our Grower Services Team
- Voting rights and transparency in company financials and decisions
- Freight rebates on deliveries
- Discounts on kernel purchases and much more.
Suncoast Gold is 100% owned by growers, so when we prosper, so do our growers.
EXISTING SHAREHOLDERS
Existing shareholders can apply for shares to top up thier shareholding to the required 625 shares per hectare of bearing trees.
Holding 625 A-Class shares/hectare will secure the future of your crop through the 100% Guarantee of Purchase Clause.
*Subject to the terms of the Constitution and Annual Supplier Agreement
LOYAL INDEPENDENT SUPPLIERS
We invite our loyal independent suppliers to become a shareholder of Suncoast Gold to secure a home for thier crop in the future.
The minimum shareholding is 250 A-class shares per hectare, and new shareholders will need to work towards 625 shares/ha in order to qualify for the Guarantee of Purchase* in future years.
NEW PLANTINGS
Growers with new orchards planted can secure a home for their future crop by purchasing shares now.
We invite you to view the IM to find out about becoming part of Suncoast Gold, a 100% grower-owned co-operative macadamia processor.
