If you’re a Fonterra farmer, and you can submit your feedback via the link below.
The Co-op is committed to moving as quickly as it can through the capital structure review while also taking the time needed to consider all views.
Over August and September, we will plan to do surveys and run focus groups to ask farmers specific questions and test different aspects of the potential changes. Further information will also be provided on our long-term strategy, including the types of activities we will invest in, the returns we are targeting, and the measures against which we will track our progress.
The Co-op is expecting to present a more detailed proposal around the time of the Co-op’s annual results in late September for further consultation.
At this stage, the Board is aiming for a farmer vote at the Annual Meeting, which will be held in December.
This is the farmer-only market where farmers trade shares in our Co-op between themselves. The introduction of this market and the other TAF amendments in 2012 meant that our Co-op no longer had to issue and redeem shares.
This is a managed investment scheme under the Financial Markets Conduct Act. It is listed on the NZX Main Board and on the ASX, and units in the FSF can be bought and sold by the public in the same way as any other listed security.
Units in the FSF give the holder access to the economic rights in a share (such as distributions or dividends). Like any member of the public, farmer owners can also trade units in the FSF.
The following documents were prepared as part of the introduction of Trading Among Farmers in 2012. They describe the arrangements at the time they were issued and have not been updated since then.
Trading Among Farmers Blueprint
Prospectus and Investment Statement
2013 Supply Offer