Author Archives: johnw
Water Agreement updated
The BCI Water Agreement has been updated to reflect the 100% irrigator ownership of the irrigation scheme. Further changes to the agreement are required as part of the bank facility to take 100% control of the scheme, and these will be … Continue reading
Posted in 2018
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JV buyout completed
The irrigator shareholders of BCI Limited have taken 100% control of the BCI irrigation scheme following settlement of the JV buyout at the end of September. This follows a successful capital raise to fund the purchase of the share of … Continue reading
Posted in 2017
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Capital raise highly successful
Existing shareholders of Barrhill Chertsey Irrigation Limited (BCIL) have committed over $25 million dollars to enable the irrigator co-operative to take 100% control of the BCI Scheme. Subject to meeting a number of other conditions, the company will purchase the … Continue reading
Posted in 2017
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Annual Meeting Notified
The Annual Meeting of Barrhill Chertsey Irrigation Limited will be held 7.30pm on Tuesday 22nd August, Methven Heritage Centre, Main Road, Methven. Shareholders have had preliminary notification of the meeting and nominations for Directors have been called for. The results of the joint venture buyout capital … Continue reading
Posted in 2017
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Capital raise under way
Today Barrhill Chertsey Irrigation Limited lodged a Product Disclosure Statement (PDS) with the Companies Office to enable the company to raise capital from existing irrigator shareholders to take 100% control of the Barrhill Chertsey Irrigation Scheme. The capital raise has a closing date of … Continue reading
Posted in 2017
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Shareholders approve JV buyout
A Special Meeting of BCIL shareholders was held 16 May 2017 to consider resolutions in relation to a proposal to take 100% control of the BCI Scheme. The meeting was well attended and overwhelmingly supported the Board progressing the proposal … Continue reading
Stage Two Progressing
Following a successful capital raising in late 2014 the stage two expansion project is under way. The project will deliver around 1.2 cumecs to properties in the area between Barrhill and Dromore. Infrastructure includes a new intake from the Rakaia River … Continue reading
Posted in 2015
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Prospectus Registered
Today BCI Limited registered a prospectus to allow applications for shares and new water connections over the entire BCI network. The capital raised will be invested in the joint venture with EA Networks which will install infrastructure to accommodate the new connections. … Continue reading
Posted in 2015
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Water Agreement Updated
A new version of the BCI water agreement has been published today. The changes to the agreement are set out below; Modified clause 2.1 and removed 2.2 to reflect that the scheme is operating and no longer requires preconditions around … Continue reading
Posted in 2014
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Stage Two Prospectus
Today Barrhill Chertsey Irrigation Limited registered a capital raising prospectus to seek support for the stage two development. The prospectus will close on 7 November 2014. Subject to gaining sufficient support from the capital raising the BCI scheme intends to build … Continue reading