Press Release – Fonterra Today Fonterra is starting a consultation process to seek farmer feedback on potential options to change its capital structure that could give farmers greater financial flexibility. To allow its farmers to have open conversations and consider all options …
Today Fonterra is starting a consultation process to seek farmer feedback on potential options to change its capital structure that could give farmers greater financial flexibility.
To allow its farmers to have open conversations and consider all options during consultation, the
Co-operative is temporarily capping the size of the Fonterra Shareholders’ Fund (the Fund) by suspending shares in the Fonterra Shareholders’ Market (FSM) from being exchanged into units in the Fund.
Fonterra unveils new capital structure options, shareholders fund could go
5 May, 2021 08:43 PM
6 minutes to read
Fonterra has announced a raft of changes to its capital structure. Photo / NZ Herald
Fonterra directors are proposing an easier entry for farmers to the big dairy cooperative and either axing or capping through a buy-back the listed Fonterra Shareholders Fund to protect farmer ownership and control.
This is the preference of the board of New Zealand s biggest company after a major review of its capital structure.
And in what directors agree could come as a surprise, the size of the Fonterra Shareholders Fund will be temporarily capped, by suspending shares in the separate Fonterra Shareholders Market from being exchanged into units in the fund.
Press Release – Fonterra Today Fonterra is starting a consultation process to seek farmer feedback on potential options to change its capital structure that could give farmers greater financial flexibility. To allow its farmers to have open conversations and consider all options …
Today Fonterra is starting a consultation process to seek farmer feedback on potential options to change its capital structure that could give farmers greater financial flexibility.
To allow its farmers to have open conversations and consider all options during consultation, the
Co-operative is temporarily capping the size of the Fonterra Shareholders’ Fund (the Fund) by suspending shares in the Fonterra Shareholders’ Market (FSM) from being exchanged into units in the Fund.
Thursday, 6 May 2021, 9:27 am
Today Fonterra is starting a consultation process to seek
farmer feedback on potential options to change its capital
structure that could give farmers greater financial
flexibility.
To allow its farmers to have open
conversations and consider all options during consultation,
the
Co-operative is temporarily capping the size of
the Fonterra Shareholders’ Fund (the Fund) by suspending
shares in the Fonterra Shareholders’ Market (FSM) from
being exchanged into units in the Fund.
This temporary
cap will be effective once the current trading halt is
lifted when the market opens tomorrow and will remain
throughout the consultation process.
Chairman Peter
Business as usual for Talleys after buyout of Singapore stake in Open Country Dairy nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.