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2
NZRLC and what it does
2.1................................................................................................................................................................................. Overview
NZRLC was incorporated on 11 September 2020. NZRLC’s strategy is to acquire New Zealand rural land across the agricultural sector and lease the land to Tenants that undertake the actual agricultural activities. NZRLC will look to make its first acquisitions of rural land in the dairy sector with the proceeds of this Offer.
2.2 .................................................................................................................................................................................
Corporate Structure
The intended corporate structure of NZRLC is illustrated in the diagram below:
Governance provided by Board of Directors with majority independent NZRLC Shareholders
NEW ZEALAND Rural Land Co SUSTAINABLE AOTEAROA
Management provided by New Zealand Rural Land Management Limited Partnership Wholly owned subsidiaries
At the date of this PDS, NZRLC has no subsidiaries.
It is not intended that NZRLC will have any employees. The management functions of NZRLC have been contracted to the Manager under the Management Agreement. The Manager will report to the Board which retains all material decision making powers for NZRLC. The Management Agreement is described in Section 2.6.
