Flexible Shareholding also enables Sharemilkers, Contract Milkers and Farm Lessors of a farm supplying the Co-op to join and hold shares.
The Fonterra Shareholders Fund (the Fund) is the other key part to our Co-operative’s capital structure. It is listed on the NZX Main Board and on the ASX, and units in the Fund can be bought and sold by the public in the same way as any other listed security. Units in the Fund give the holder access to the economic rights in a share (such as distributions or dividends). Like any member of the public, farmers can also trade units in the Fund.
The Farmgate Milk Price is calculated by:
The balance comprises the aggregate amount payable to farmer shareholders. This is an aggregate amount but is usually referred to on the basis of a Farmgate Milk Price per kgMS.
The Farmgate Milk Price methodology has been reviewed by competition experts Compass Lexecon, as described in the media release International Experts Endorse Fonterra Milk Price Formula.
Listing rules for the Fonterra Shareholders' Market operated by NZX.
FSF Governing Document
FSF Authorised Fund Contract
TAF Prospectus - October 2012
Supply Offer - May 2013
Custody Trust Deed for Economic Rights Trust - dated 25 October 2012
Shareholding Deed - dated 23 October 2012
RVP Custody Deed - dated 25 October 2012
Deed Poll in favour of FSM Partcipants given by the Custodian in favour of FSM Participants on 25 October 2012