Fonterra capital structure rejig to speed through Parliament, Damien O Connor says
7 May, 2021 05:40 AM
5 minutes to read
Agriculture Minister Damien O Connor has been a vocal critic of Fonterra s capital structure. Photo / File
Agriculture Minister Damien O Connor has been a vocal critic of Fonterra s capital structure. Photo / File
Agriculture Minister Damien O Connor says he will assist Fonterra s board in speeding through change needed to dairy industry law to accommodate a capital restructure. Fonterra s board hopes to put a proposal for significant capital structure change to a vote by the company s farmer-owners around November annual meeting time, but it will also require an amendment to the Dairy Industry Restructuring Act (Dira) which oversees New Zealand s biggest business and the $10 billion dairy industry.
Fonterra s big capital structure reform plan: What does it really mean?
6 May, 2021 06:02 AM
6 minutes to read
Prospect of share price fall in a farmer-only market will challenge reform plan. Photo / File Proposed reform of Fonterra s capital structure is a big deal its farmer-owners will be chewing over for weeks, but what does it mean for prices at the dairy chiller and the company s long-ago promise to be New Zealand s national export champion?
New chairman Peter McBride, who s driving the proposal for major structural change at New Zealand s biggest business, offers no comfort on the supermarket effect. That s influenced by global commodity prices - strong right now - and largely out of Fonterra s control, he said.
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.