Flexible Shareholding

Your options explained
I STILL HOLD SHARES IN FONTERRA BUT I HAVE CEASED SUPPLYING MILK TO THE CO-OP

I’d like to transfer some of my shares to my Permitted Transferee(s) – being my relatives or other related parties 

A quick overview of Permitted Transferees

Permitted Transferees are a new type of shareholder under Flexible Shareholding. 

You will be able to apply to transfer shares to a Permitted Transferee before the end of the first complete season after your cease application is accepted and becomes effective. 

Who are my Permitted Transferees?

Your relatives, any entity or trust controlled by you or your relatives or, if you are an entity or trust, persons who have a sufficient level of ownership or control interest in you. 

See the graphic below for more details:

 

Each initial transfer to a Permitted Transferee must be for at least 20% of the shares held by you when your cease application was accepted. Following the initial transfer, no further shares can be acquired by the Permitted Transferee (they can only be disposed of) – unless you make a further application within the timeframe which is accepted by the Co-op.

No, because they do not supply milk to the Co-op.

Application process
 

Once the Flexible Shareholding structure comes into effect, you’ll be able to apply to transfer shares to a Permitted Transferee via an online application form.
 
Check back here for a link to the application form once Flexible Shareholding is in place. 

 

Where can I find more information?

Take a look at the Rules for Shareholding.