Delivering sustainable shareholder value
Message from our Chair.
Welcome to the NZPM Co-operative.
At NZPM we are proud to serve our members by delivering sustainable shareholder value to them both as shareholders and as customers.
Our people are our single most important contributor to our success by working together to support each other, our members, our customers and our suppliers.
We have a strong focus to deliver sustainable business growth and performance, increase our ordinary shareholder membership and developing our social responsibility initiatives. Our proven business model has enabled us to provide strong rebate dividend returns to our shareholders.
Likewise, our journey to employ innovative technology strives to improve operational outcomes, lower costs and create a frictionless customer experience will enable us to further diversify and strengthen our co-operative.
We are prepared for the future economic challenges and are confident that our co-operative has the right strategy, leadership and culture to respond to these operational risks and continue to accelerate our strategies through these economic cycles.
Our consistent strong performance will ensure that NZPM can continue to look to the future with confidence and we look forward to you joining us as a shareholder.
Kathy Meads,
NZPM Chair
Who are we.
NZPM is a co-operative which was formed in 1964 by a group of Master Plumbers. The objective of the co-operative was to establish a merchant chain throughout New Zealand with strong goals to improve the profitability and quality of service and products to its plumber shareholders.
NZPM has seen significant growth and evolution over the past 60 years of business and continues to develop year on year with the addition of certain classes of builders as shareholders in 2017. With annual turnover in excess of $300 million and over 1,000 shareholders, NZPM’s focus is firmly on the dual goals of sustainably growing our members’ and customers’ business and improving the financial and operating performance of the co-operative.
As a member of Co-op Business New Zealand, we have a strong co-operative ethos and support the seven Rochdale principles that underpin all co-operatives: Voluntary and open membership, democratic member control, member economic participation, autonomy and independence, continuing co-operative education and training, co-operation amongst co-operatives and concern for the community.
We were proud to win the 2021 Co-operative Business of the Year Award in recognition of our strong co-operative ethos.
Our Businesses.
Plumbing World
With 57 branches nationwide, Plumbing World has grown to become the largest 100% New Zealand owned national plumbing merchant. We supply everything from basic trade products to top fashion bathroom fittings to installers and end users with the right product for every job - whether it be a basic renovation or a new home build. With over 10,000 products in stock and access to a huge range of quality products, from all over the world, Plumbing World trade customers are assured of reliable supply and fast, efficient service at a very competitive price.
Plumbing World WebsiteMetrix
Metrix is a leading importer and distributor of European bathroomware for the New Zealand market. Metrix has a singular focus on representing specialist manufacturers who share their commitment to creating inspirational bathroom spaces using extraordinary products.
Established in 1988, Metrix has developed an industry-wide reputation for its relentless and visionary pursuit of innovation in bathroom design. Metrix offers cutting edge products that deliver excellence in technology, performance, and design including leading European brands such as Duravit, Paini and Dornbracht.
Why become a Shareholder?
When you join NZPM Co-operative, you’ll reap the rewards of being an Ordinary Shareholder. As a member, you’ll have access to numerous opportunities to enhance your business and personal growth, as well as benefit from exclusive member perks. To see current partner offers and deals, click here.
Along with partner supplier offers, as an Ordinary Shareholder, you’ll get a potential return on your investment through rebate dividends, calculated as a percentage of your purchases from Plumbing World for the previous financial year ending on 31 March. To be eligible, ensure that your purchases are paid by the invoice payment date. Note that the declaration and payment of a rebate dividend is at the discretion of the company and you must still be a member of the co-operative on payment date.
As a Redeemable Preference Shareholder, you’ll receive a return on your investment through the payment of dividends with competitive market based rates set by the company.
Applying for NZPM shares.
Ordinary Shares
Ordinary shares in NZPM Group Limited are issued to Transacting Shareholders whose rights include voting rights, and rights to rebate dividends that NZPM may from time to time authorise.
Redeemable Preference Shares
Redeemable Preference Shares are a separate class of shares that fund NZPM’s working capital needs by offering any investor a fixed return on an unsecured basis. These shares may be held by any investor including Transacting Shareholders. Redeemable Preference Shares are issued to Transacting Shareholders and Non-Transacting Shareholders in minimum parcels of 250 shares of $1.00 each. NZPM pay dividends on Redeemable Preference Shares on a quarterly basis at market based dividend rates.
Full Terms Of Issues
The full terms of issue and the risks of investing in NZPM Co-operative are set out below.
Product Disclosure Statement for Transacting Shareholders
Product Disclosure Statement for Non-Transacting Shareholders
Share Registrar
If you are interested in becoming a shareholder in NZPM Co-operative or require additional information relating to NZPM’s shares, please contact our Share Registrar for further information: This email address is being protected from spambots. You need JavaScript enabled to view it. or phone (09) 379 1832.
