LIC director adjusts stake, transfers ordinary shares

Michael John O'Connor, a director at Livestock Improvement Corporation (LIC), has filed an ongoing disclosure notice regarding his relevant interests in the company's financial products. The disclosure, dated October 8, 2025, follows a previous filing on September 25, 2024. The relevant interests include both ordinary shares and unlisted nil paid ordinary shares, granting O'Connor the power to exercise or control voting rights.

Prior to the reported acquisition or disposal, O'Connor held 273,144 ordinary shares across various entities, including Island Glen Dairies Limited, M & A O'Connor Limited, and Quintag Holdings Limited, among others. Following the transaction, the number of ordinary shares held remained at 273,144, distributed across the same entities, with slight adjustments in the holdings of specific entities like Island Glen Dairies Limited and Quintag Holdings Limited. The number of nil paid shares remained at zero both before and after the transaction.

The transaction involved the transfer of 800 ordinary shares between registered holders at a price of NZD 0.98 per ordinary share. This acquisition was carried out on October 7, 2025, and did not occur during a closed period. It was conducted under an exemption from prior written clearance, as it falls under LIC's Compulsory Acquisition Powers as outlined in its Constitution, aimed at meeting shareholding requirements.