Introduces Shareholder Rewards Program
Perth, Feb 12, 2015 AEST (ABN Newswire) - Phosphate developer Fertoz Limited ("Fertoz" or the "Company") (
ASX:FTZ) is pleased to announce that Fertoz shareholders who own a minimum of 5,000 shares will receive a refund of $15 per tonne for FertAg products purchased in Australia as part of a Shareholder Rewards Program.
The main product, FertAg 0-8-0 is now also available in granular form as FertAg 0-7-0G. FertAg 0-7-0G has the advantage of being able to be spread through air seeders and also by aircraft over large pastures. FertAg 0-8-0 is typically spread using belt and disc spreaders. The slow release properties of FertAg products assist in reducing fertiliser run off. They are not hygroscopic and do not pick up moisture and harden like single super phosphate. They can be stored indefinitely and are easy to spread at all times.
Managing Director Dr Les Szonyi said: "Fertoz is very pleased to introduce the Shareholder Rewards Program. As at today's date, the refund equates to a return of more than 10% for a shareholder who purchases 10 tonnes of product and owns 5,000 shares. The addition of FertAg 0-7-0G to the product range also gives farmers greater flexibility in spreading fertiliser on their fields."
In February, FertAg signed a National Supplier Agreement with a major Australian Agribusiness to sell and distribute its specialty phosphate products across Australia. FertAg representatives are looking forward to holding meetings at regional centres across Australia in the coming months, to discuss the clear relative benefits of FertAg 0-8-0 and FertAg 0-7-0G.
- Fertoz is offering a $15 per tonne refund to Fertoz shareholders who purchase FertAg products
- Based on customer feedback, Fertoz is broadening its product offering with a granular product, FertAg 0-7-0G
- FertAg products are available through a National Distributor with more than 400 retail agricultural stores across Australia
Terms and Conditions of Shareholder Rewards Program
The key terms and conditions associated with a refund for Fertoz shareholders when purchasing FertAg products are outlined below. Full details of the scheme and application forms will also be available online at www.fertoz.com and www.fertag.com.
1. Each single shareholding of at least 5,000 ordinary shares in Fertoz Limited (other than shareholdings of deceased estates) qualifies for participation in the Fertoz Shareholder Rewards program.
2. To receive Shareholder Rewards, qualifying shareholders must submit proof of their shareholding along with an invoice and receipt within 30 days of paying for any FertAg products.
3. Shareholders with a registered address outside Australia or who are not residents of Australia with an Australian address may not participate in the Shareholder Rewards Program.
4. Only one refund of $15 per tonne can apply to each product purchase.
5. Fertoz staff and directors are ineligible to participate in the Program.
6. The rules of the Program and shareholder refunds may be amended or varied, or the Shareholder Rewards Program suspended or cancelled, by Fertoz without notice with no right of recourse to any Shareholders.
7. The Shareholder refund is paid in the first two weeks at the start of the next financial year (30 June).
8. No shareholder refund will be available on purchases made after Fertoz is notified by its Share Registry that the number of shares registered in the name of the Account holder is less than 5,000 Fertoz ordinary shares.
9. The invoice for the product purchase is required to be paid by the invoice due date for the shareholder to be eligible for a refund.
About the FertAg JV
FertAg is a 50/50 joint venture ("JV") with Vast Resources Pty Ltd ("Vast Resources") which has been established to import and market a proven specialty phosphate fertiliser into Australia and New Zealand. The JV is controlled by Fertoz through the trustee company Fertoz Agriculture Pty Ltd ("FertAg") which is owned 51% by Fertoz and 49% by Vast Resources. For full JV details see ASX release dated 6 November 2014.
About Fertoz Ltd
Fertoz (ASX:FTZ) is an Australian-based phosphate exploration and development company with a range of projects in British Columbia, Canada as well as Queensland and the Northern Territory. The Company is focused on becoming a fertiliser producer as quickly as possible, initially focusing on the Canadian/USA markets.
Fertoz plans to develop its exploration assets in Canada in order to identify any potential Direct Shipping Ore (DSO) projects. It intends to seek joint venture partners to assist in funding the exploration projects in Australia.
Phosphate is a commodity necessary for feeding the world, and Fertoz is ready to capitalise on this growing demand.
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