Hurunui Scheme


AIC has issued a Product Disclosure Statement (PDS) dated 31 May 2019 for shares in the Company to partially fund the development of a new Hurunui Scheme. The proposed scheme is a 7000-9000 hectare piped irrigation scheme on the south side of the Hurunui river encompassing the towns of Hawarden, Waikari and the Scargill Valley in North Canterbury. The proposed command area is limited to the Hurunui River catchment. This would become AIC’s fourth irrigation scheme. 

The proposed scheme is a smaller revised version of the one originally proposed by Hurunui Water Project Limited (HWP) and will utilise some of the consents held by HWP along with unused water within the AIC schemes, when available.

AIC is offering A Shares pursuant to the PDS as the issuer of the shares. The offer will be open from 10 June 2019 until 26 July 2019. The PDS can be viewed here: Product_Disclosure_Statement_(Hurunui_Scheme) 

A copy of the PDS and all other associated documents can also be obtained from the Disclose Register here: https://disclose-register.companiesoffice.govt.nz/ by searching Amuri or OFR12656.


The Key Milestones for the Development of a Hurunui Scheme are:


Presentation to Hurunui Farmers on 22nd May 2019

Hurunui Scheme Information Session

Hawarden Rugby Club, Hawarden Showgrounds.
Wednesday 22nd May 2019 – 4.00-6.00pm

 

Programme of speakers:

4:00pm – David Croft Chairman, Amuri Irrigation (AIC)

Introduction and Welcome. David will outline the purpose of this session and provide a brief overview on some of the aspects of the scheme construction, including timeframes for PDS share issue and construction.

 

4:15pm – Mike Satterthwaite, Amuri sheep and beef farmer and AIC director

Mike will explain the decision to install irrigation on his property as well as the benefits and changes it has made to his farming operation.

 

4:30pm – Hamish Gilpin, Field Agronomist at South Pacific Seeds

Hamish will provide information on working with South Pacific Seeds. Including what properties are suitable for contracts, what crops can be grown and how contracts can be set up.

 

4:45pm – Matt Iremonger, General Manager at Willesden Farm (sheep, beef and cropping)

Matt will present his experience with irrigated farming in these different farm types in the area.

 

5:00pm – Jansen Travis, Tambo Farm Consultant

Jansen will provide an overview on future opportunities for irrigated farming.

 

5:30pm    Opportunity for general questions to all speakers.

 

6:00pm    Finish.


Copies of presentations:
David Croft Presentation
Hamish Gilpin Presentation
Matt Iremonger Presentation
Jansen Travis Presentation

Recordings of the presentations can be found here:

David Croft

https://www.youtube.com/watch?v=yJGiNGsGveI&feature=youtu.be

Mike Satterthwaite

https://www.youtube.com/watch?v=hWVi0KtlSu4&feature=youtu.be

https://www.youtube.com/watch?v=cY7q21lgy-M&feature=youtu.be

Matt Iremonger

https://www.youtube.com/watch?v=fQmoM3VkAjA

Hamish Gilpin

https://www.youtube.com/watch?v=lrUQ-mlINSQ&feature=youtu.be

Jansen Travis

https://www.youtube.com/watch?v=wBmT9SJwLp4&feature=youtu.be

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