Fonterra Shareholders' Fund

The Fonterra Shareholders' Fund (Fund) provides investors an opportunity to invest in the performance of Fonterra Co-operative Group.  
The Fund is a registered managed investment scheme under the Financial Markets Conduct Act 2013. 

Units are listed on the NZX Main Board and on the ASX, and can be freely bought and sold in the same way as any other listed security.

Outside investors who are not allowed to hold shares in Fonterra can invest in units in the Fund which gives them access to economic rights (such as distributions and capital movements), similar to those of a share.

Board of the manager of the Fund

Mary-Jane Daly

Chair

Carlie Eve

Director

Alastair Hercus

Director

Andy Macfarlane

Director

John Nicholls

Director

Information for unit holders

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Trust Deed (June 2019)

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Trust Deed Amendment (May 2023)

Unitholders are entitled to attend and vote at unitholder meetings, and to elect three directors of the Manager of the Fund.

Unitholders do not have any right to attend or vote or request the Fonterra Farmer Custodian to attend or vote, at any meeting of farmer shareholders. The Fonterra Farmer Custodian also does not have any voting rights at meetings of farmer shareholders, except on certain interest group resolutions. Situations, where interest group resolutions are required, are expected to be rare.

Maximum holding restriction

Under the Trust Deed, no Unit Holder and its associates (excluding Fonterra) can hold, or have a “relevant interest” in, more than 15% of the Units on issue or 15% of the voting rights in the Fund, whichever is lower.

The Trust Deed also contains enforcement provisions to ensure compliance by Unit Holders with this restriction.  If Fonterra determines that a Unit Holder is in breach of this restriction, Fonterra may determine that the unit holder is not entitled to vote some or all of the units it holds in breach of the restriction and can require that the unit holder dispose of the units held in breach of the restriction. If the Units are not disposed of, the Manager or Fonterra can arrange for their disposal.

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Fund Prospectus and Investment Statement

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FSF Management Co. Ltd. Board Charter

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FSF Management Co. Ltd. Code of Conduct

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FSF Management Co. Ltd. Audit and Risk Committee Charter

Below are details of NZX exchange waivers that have been granted in respect of the Fund.

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NZX Regulation Decision June 2019

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View Waiver summary

E-READER

Fonterra Shareholders' Fund Annual Report 2023

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Fonterra Shareholders' Fund Interim Report 2023

VIDEO

2022 FSF Annual Meeting - Recording

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2022 FSF Annual Meeting - Chair Valedictory Speech

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Results of the Fonterra Shareholders' Fund Annual Meeting 2022

E-Reader

Fonterra Shareholders' Fund Notice of Annual Meeting 2022

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Fonterra Shareholders' Fund Notice of Annual Meeting Presentation 2022

E-Reader

Fonterra Shareholders' Fund Annual Report 2022

E-Reader

Fonterra Shareholders' Fund Interim Report 2022

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Webcast of the Fonterra Shareholders' Fund Annual Meeting 2021

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Results of the Fonterra Shareholders' Fund Annual Meeting 2021

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Fonterra Shareholders' Fund Annual Meeting 2021 Presentation

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Fonterra Shareholders' Fund Notice of Annual Meeting 2021

E-READER

Fonterra Shareholders' Fund Annual Report 2021

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Fonterra Shareholders' Fund Interim Report 2021

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Securities Trading Policy

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Securities Trading Standard