Frequently Asked Questions

What is the difference between A-Class and B-Class shares?

SunRice has two classes of shares: A and B.

A-Class shares can be issued by the Board only to active growers or persons the SunRice Board believes, on reasonable grounds, will become active growers. They are currently issued for nil consideration, are not transferable and have no right to dividends.

A-Class shares have voting rights and each A-Class shareholder has one vote, no matter how many A-Class shares they hold. The maximum number of A-Class shares one person can hold is five.

A-Class shares issued after 24 August 2013 are redeemable by the Board if the member is not an active grower or does not own, or has not agreed to acquire, the minimum number of B-Class shares within 3 years of becoming a shareholder.

B-Class shares are non-voting, except in limited circumstances affecting the rights attaching to the B-Class shares.

B-Class shares can only be issued to a limited range of persons, namely existing A-Class and B-Class shareholders, a person to whom the Board has agreed to issue an A-Class share, an “approved entity” (a superannuation fund approved by the Board) of an aforementioned person, RMB Equity Holders and participants under the employee share plan.

B-Class shareholders are entitled to dividends and to participate equally with the other B-Class shareholders in any surplus on a winding up of the company.

A person must not hold a relevant interest in a number of B-Class shares which, when aggregated with the B-Class shares of the person’s associates (as defined in the Corporations Act 2001), exceeds 5% of the total number of B-Class shares on issue.

B-Class shares may be bought and sold on the NSX. However, only existing shareholders can purchase B-Class shares generally on the NSX, while B-Class shares can also be transferred by a shareholder to their “approved entity”.

Who can hold A-Class shares in SunRice?

A-Class shares can only be issued by the Board to active growers or persons the Board believes, on reasonable grounds, will become active growers. The current active grower qualification is the delivery of 200 tonnes of paddy rice in any two years.

Who can hold B-Class shares in SunRice?

B-Class shares can only be issued to, or purchased by, a limited range of persons. B-Class shares can only be issued to existing A-Class shareholders and B-Class shareholders, a person to whom the Board has agreed to issue an A-Class share, an ‘approved entity’ (a superannuation fund approved by the Board) of the aforementioned persons, RMB Equity Holders and participants under the employee share plan. B-Class shares can only be purchased, by way of transfer, by existing shareholders and their approved entities.

Can B-Class shares be bought by the general public?

No. While SunRice is listed on the NSX, B-Class shares can only be purchased by a limited range of buyers.  . Only existing shareholders can purchase B-Class shares generally, while shareholders can also transfer their shares to their “approved entity”.

Do A-Class shareholders have to hold B-Class shares?

Yes. Each holder of an A-Class share issued after 24 August 2013 must also hold at least 3,000 B-Class shares within 3 years of becoming a shareholder.

What are B-Class shares trading at currently?

You can view the most recent B-Class share trades on the NSW website at www.nsxa.com.au/summary/RGWB.

A more detailed history of trades is also available on the NSX.

How do I buy and sell Ricegrowers Limited B-Class shares?

B-Class shares can be bought and sold through a stockbroker on the NSX or by an off-market transfer. However, only existing shareholders can purchase B-Class shares generally, while shareholders can also transfer their shares to their “approved entity”.. Once an “approved entity” is a shareholder it can purchase further shares on the NSX.

In order to buy B-Class shares, a Holder Eligibility Form must be completed by yourself or your broker, and sent to Link Market Services for verification of whether you are eligible to purchase B-Class shares. A clean copy of the form can be downloaded from the NSX at https://www.nsx.com.au/regulation/companies/listing-rules/

You do not need to complete the Holder Eligibility Form if you are selling B-Class shares.

For more information on stockbrokers, please visit the NSX website at www.nsxa.com.au.

For an off-market transfer form, please visit the Link Market Services website at www.linkmarketservices.com.au/.

How many shares do I have in SunRice?

You can access details of your A- and B-Class shareholding in SunRice via the Link Market Services website: www.linkmarketservices.com.au/.

What benefits do I receive as a SunRice B-Class shareholder?

B-Class shareholders are entitled to dividends and to participate equally with the other B-Class shareholders in any surplus on a winding up.

Generally, SunRice pays a fully franked dividend once per year. In most years a Dividend Reinvestment Plan also operates, which means your dividends can be used to acquire additional shares without having to pay the cost of brokerage.

When are dividends paid?

Generally, SunRice pays dividends once a year, typically in July.

How can I join the SunRice Dividend Reinvestment Plan?

The Dividend Reinvestment Plan is currently on hold while SunRice completes the Capital Structure Review. It’s anticipated that the Plan will be reinstated when the review is complete.

Who is SunRice’s share registrar and how can I contact them?

SunRice’s share registry is Link Market Services Limited (LINK)

Locked Bag A14

SYDNEY NSW 1235

AUSTRALIA

Toll-free (within Australia only): 1800 237 764

Telephone: +61 1800 237 764

Facsimile: +61 2 9287 0303

Website:

Email: registrars@linkmarketservices.com.au

If you have not visited the Link Market Services website before, the following may be of assistance:

  • On the home page, click on the “Investor Login” option under the “Investor Centre” heading on the upper right-hand side.
  • Once at the Investor Centre you will need:
    • The Issuer Name: Type in “RGW”.
    • Your HIN or SRN: This can be found on the top right-hand corner of your holding statement and other shareholder communications.
    • You will also need to enter your postcode and the security code, and to agree to the terms and conditions.

How do I find SunRice on the NSX?

SunRice B-Class shares trade on the NSX under the name Ricegrowers Limited, and the code is RGWB.

How do I notify a change of address?

You can provide details of your change of address via the Link Market Services website at www.linkmarketservices.com.au/.

Can I organise for the direct crediting of my dividend payments?

You can provide details of dividend payment instructions via the Link Market Services website at www.linkmarketservices.com.au/.

How do I provide my tax file number?

You can provide details of your tax file number via the Link Market Services website at www.linkmarketservices.com.au/.

Can I choose to receive the Annual Report electronically?

You can receive the Annual Report electronically by going to the Link Market Services website at www.linkmarketservices.com.au/.

When does SunRice hold the Annual General Meeting?

The SunRice Annual General Meeting is traditionally held on the Friday of the third week of August. Please check the Financial Calendar for specific dates, venues and times.

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