​Zespri is grower-owned and grower-controlled by way of growers owning and voting their Zespri shares. For it to stay that way, growers need to own sufficient Zespri shares to maximise the voting entitlement that is based on the production from their orchards.

Zespri’s company constitution provides that only individuals or entities who own or lease a New Zealand kiwifruit orchard can purchase Zespri shares. Zespri’s share register is held by Computershare. A factsheet on trading Zespri shares, both on-market and off-market can be accessed here.

Furthermore, shareholders are entitled to hold up to 6 shares for every tray of production. Production is calculated by taking the average of the best 2 of the last 5 seasons. Shareholders who were overshared at 14 March 2018 will have 7 years before they are required to sell their overshared portion of shares. Shareholders who become overshared after this date will have 3 years to sell. Shareholders are entitled to vote their number of shares, or their number of trays, whichever is the lesser.

New or existing growers who provide fruit to Zespri but do not own shares are unable to vote and exercise a degree of control over Zespri to which they would otherwise be entitled.

Growers buying orchards should be looking to negotiate the purchase of some or all of any Zespri shares held by the vendor as part of the orchard purchase. Alternatively, Zespri shares can be purchased on the open market through the Unlisted Securities Exchange (USX) share trading platform, or with the registered USX broker directly.

Shareholders without production (usually retired growers who did not sell their shares when they exited the industry) cannot vote their shares. Non-Producer shareholders, also known as ‘dry’ shareholders, will also stop receiving dividends after they have been dry for a certain amount of time. Shareholders who were dry at 14 March 2018 will have 7 years before they stop receiving dividends, while shareholders who become dry after this date will have 3 years before dividends cease. There is no requirement for dry shareholders to sell their shares.

Latest share price and market depth information

Click here to view 'ZGL' latest market information. Zespri Group Limited’s Annual Report (available under Investor Publications) is a good place to find information about the financial performance of the company.

Off-market trading

Off-market trading normally occurs where the buyer and seller have mutually agreed between themselves to transfer shares.

Three examples where this may occur are:

  • A share transfer as part of an orchard purchase; or
  • A share transfer between financial structures with the same or similar owners; or
  • A share sale or purchase where the two parties have privately reached an agreement without having being introduced to each other in a market situation.

Off-market transfers have no charge to the participants, so are cost effective when the buyer and seller already know each other. To complete an off-market transfer we recommend that you first contact Zespri to confirm your eligibility to purchase shares, and how many shares you are entitled to purchase. Once you have received confirmation from Zespri please downloadthis document and return to Zespri Grower Support Services via post (PO Box 4043, Mt Maunganui, 3149). Alternatively the off-market share transfers can be posted directly to Computershare who will process the transfer once they have received confirmation from Zespri that the purchaser is a current NZ kiwifruit producer. Please note that the original signed form is required to be sent in to Zespri or Computershare before the transfer can be processed.

If you have any questions regarding completion of the form please contact Grower Support Services on 0800 155 355 or

Share Certificates

Zespri Group Limited’s share registry, Computershare, will issue a Securities Transaction Statement on transfers of Zespri Group Limited shares.

All share certificates were cancelled following the 3-for-2 share split on 15 March 2019. As such, no share certificates are required to be surrendered when selling shares, and Computershare will not issue any new certificates upon the purchase of shares.​

ZGL Share Market Maker

From 1st November 2016, Zespri Group Limited (ZGL) has contracted Craigs Investment Partners (CIP) to provide ‘market maker’ services for ZGL shares for the purposes of promoting ZGL share liquidity and reducing price volatility. Under clause 4.6(a) of the ZGL Constitution, the ZGL Board in October 2016 designated CIP as a ‘Producer’ so that CIP can purchase ZGL shares on the Unlisted share trading platform, solely for the purpose of performing ‘Market Maker’ services. CIP are limited under the signed services agreement to holding no more than 0.125% of issued ZGL shares, and the voting rights on any shares held by CIP for the purposes of ‘Market Making’ under the terms of the signed services agreement have been forfeited. 

What is a 'Market Maker'? A broker-dealer firm that assumes the risk of holding a certain number of shares of a particular security in order to facilitate the trading of that security.  

Kiwifruit Industry Strategy Project

Changes to Zespri’s constitution were voted in by shareholders on 14 March 2018. The changes include a 6:1 share cap, change to voting entitlements and a dividend cap for non-producer (dry) shareholders. For more information on the Kiwifruit Industry Strategy Project (KISP) visit the website here.