LIC & Sharesies: Simple share trading from anywhere
NZ farms have embraced mobile technology, transforming complex, substantial businesses into agile operations managed from the ute, the milking shed, or the sidelines of a Saturday sports game.
Farming requires juggling the demands of a business with the needs of land and livestock. Every minute spent on administration is a minute away from the farm and family.
That’s why we’re excited about working with Livestock Improvement Corporation to streamline share trading for more than 10,000 farmer shareholders. The platform will launch next week, aiming to improve accessibility and value for farmers.
LIC shareholders can expect to receive an invitation to join Sharesies in the coming weeks.
This move brings significant benefits to shareholders, as outlined in our recent collaboration announcement in Farmers Weekly.
Key benefits of moving to Sharesies
Zero brokerage fees: Farmers do not incur any brokerage fees when trading LIC shares through the Sharesies platform.
Mobile and web access: Manage your shareholding at your convenience using the Sharesies app on your smartphone or tablet, or via a web browser on your computer.
Central co-operative share management: Joint LIC and Fonterra shareholders can conveniently manage their LIC and FCG co-operative shares in a single, unified online platform, and easily switch between the two.
What farmers are saying
We’ve been testing the platform with a pilot group of farmers to ensure it meets the unique needs of the rural sector. Here is what they had to say:
"Wow, that process was much simpler and easier to go through than I expected."
Next steps
If you’re a shareholder of LIC, we’re getting ready to welcome you onboard. Keep an eye out for an invitation in your inbox and we look forward to bringing you onto the platform soon.
Now for the legal bit
The content of this article is general only and current at the time prepared—views and data are subject to change. None of the information provided is investment, financial, legal, or tax advice, and we aren’t liable for your use of the information in that way.
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