{"id":625,"date":"2016-04-06T22:50:39","date_gmt":"2016-04-06T22:50:39","guid":{"rendered":"http:\/\/63.247.140.144\/~pkwco\/html\/?page_id=625"},"modified":"2024-01-12T11:05:35","modified_gmt":"2024-01-11T22:05:35","slug":"he-oranga","status":"publish","type":"page","link":"https:\/\/pkw.co.nz\/he-oranga\/","title":{"rendered":"He Oranga"},"content":{"rendered":"
[vc_row full_width=”stretch_row_content_no_spaces” full_height=”yes” content_placement=”middle” parallax=”content-moving-fade” parallax_image=”973″ el_id=”he-oranga” el_class=”overlay-black”][vc_column][vc_column_text el_class=”image-title”]\n

He Tangata He Whenua He Oranga<\/span><\/span><\/h1>\n

Community<\/span><\/h3>\n[\/vc_column_text][vc_column_text el_class=”next-button”]\n

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Shareholders<\/h3>\n

Parininihi ki Waitotara Incorporation was established in 1976 and is made up of a total of 1,197,709.264 shares.\u00a0 The number of shareholders is growing every year as the number of descendants of the original owners increase.<\/span><\/p>\n

Currently we have over 11,000 shareholders who are descendants of the original 5,396 owners.\u00a0 Dividends are paid annually and are dependent on the amount of shares each shareholder has.\u00a0<\/span><\/p>\n

In December 2015 we conducted a shareholder <\/span>survey and published the findings in the PKW Whenua magazine.\u00a0 From that survey we identified four key themes that informed the 2016 strategic planning sessions and those themes are:<\/span><\/p>\n[\/vc_column_text][vc_row_inner el_class=”width-content_text-column”][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”left-to-right” icon_linecons=”vc_li vc_li-paperplane” el_class=”pkw-message-box koru_overlay no-icon”]\n

Support the PKW leadership<\/span><\/p>\n[\/vc_message][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”left-to-right” icon_linecons=”vc_li vc_li-banknote” el_class=”pkw-message-box koru_overlay no-icon”]\n

Expect a dividend <\/span><\/p>\n[\/vc_message][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”right-to-left” icon_linecons=”vc_li vc_li-world” el_class=”pkw-message-box koru_overlay no-icon”]\n

Support diversifying to protect the business<\/span><\/p>\n[\/vc_message][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”right-to-left” icon_linecons=”vc_li vc_li-study” el_class=”pkw-message-box koru_overlay no-icon”]\n

Support the PKW Trust grants<\/span><\/p>\n[\/vc_message][\/vc_column_inner][\/vc_row_inner][vc_single_image image=”889″ img_size=”medium” alignment=”center” css_animation=”bottom-to-top” el_class=”width-content_text-column”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content_no_spaces” full_height=”yes” content_placement=”middle” parallax=”content-moving-fade” parallax_image=”981″ el_id=”shareholders” el_class=”overlay-black”][vc_column][vc_column_text el_class=”image-title”]\n

Shareholders<\/span><\/h1>\n[\/vc_column_text][vc_column_text el_class=”next-button”]\n

<\/i><\/a><\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_height=”yes” el_id=”next2″ el_class=”width-1000-center”][vc_column][vc_tta_tabs style=”flat” shape=”square” color=”peacoc” alignment=”center” active_section=”1″ no_fill_content_area=”true” el_class=”width-content_text-column”][vc_tta_section title=”Succession” tab_id=”1475799894171-1eae33c8-2935″][vc_column_text]\n

Succession<\/h3>\n

When a shareholder passes away, it is important for his or her M\u0101ori Land interests (which includes shares in any M\u0101ori Incorporation) are vested in the correct people.\u00a0 This process is called succession.<\/p>\n

Successions<\/a> are processed by the M\u0101ori Land Court.<\/span><\/p>\n

Another issue to consider is fragmentation of shares.\u00a0 Fragmentation of shares occurs when a\u00a0 shareholder’s shares are succeeded to by his or her descendants.\u00a0 For example of a shareholder owned 5 shares and had 5 children; after the succession was processed by the M\u0101ori Land Court each of the 5 children would receive 1 share each.\u00a0\u00a0Over the generations, shares become smaller and smaller as descendants succeed to their individual shares.<\/p>\n

To prevent fragmentation of shares, whanau may consider forming a Whanau Trust<\/a>.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Missing Shareholders” tab_id=”1475011861686-09ac7423-86b0″][vc_column_text el_class=”width-content_text-column”]\n

Missing Shareholders<\/h3>\n

Over half (60%) of all PKW shareholders are missing and although we try to find these shareholders this is a constant challenge.\u00a0 Shareholders can help by keeping their contact details current and or by establishing a wh\u0101nau trust to keep the shares together.<\/p>\n

As a result of missing shareholders we are holding nearly $7.3M in unclaimed dividends.\u00a0 <\/span><\/p>\n

Every year we publish the list of missing shareholders and if you recognize anyone please contact us.<\/a><\/span><\/p>\n

These lists show any shareholder that has any unclaimed dividends held by us.<\/p>\n

Please note<\/strong>, the minimum amount that we can direct credit to a NZ Bank Account is $5.00; and the minimum amount that we can direct credit to an Australian Bank Account is $100.00.[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”left-to-right” icon_linecons=”vc_li vc_li-search” el_class=”pkw-message-box koru_overlay no-icon”]\n

Missing shareholders <\/a><\/p>\n[\/vc_message][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”left-to-right” icon_linecons=”vc_li vc_li-search” el_class=”pkw-message-box koru_overlay no-icon”]\n

Missing shareholders by Surname<\/a><\/p>\n[\/vc_message][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”right-to-left” icon_linecons=”vc_li vc_li-heart” el_class=”pkw-message-box koru_overlay no-icon”]\n

Deceased Shareholders (by First Name)<\/a><\/p>\n[\/vc_message][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_message message_box_style=”solid” message_box_color=”peacoc” icon_type=”linecons” css_animation=”left-to-right” icon_linecons=”vc_li vc_li-paperplane” el_class=”pkw-message-box koru_overlay” css=”.vc_custom_1701315529588{background-color: #88c6b8 !important;}”]\n

Deceased Shareholders (by Surname)<\/span><\/a><\/p>\n[\/vc_message][\/vc_column_inner][\/vc_row_inner][\/vc_tta_section][vc_tta_section title=”Shareholder Forms” tab_id=”1475012032085-a0b1e090-144b”][vc_column_text el_class=”width-content_text-column”]\n

Shareholder Forms<\/span><\/strong><\/h3>\n

To update your details on our Share Register, we now require a Shareholder Information form to be completed and returned to us.\u00a0 You have two options.<\/p>\n

You can complete the form online,<\/a>\u00a0or\u00a0\u00a0download a form<\/a> and send this to us once completed.<\/p>\n

If you send your completed form, please ensure:<\/p>\n