Dawn Meats takes 65% stake in Alliance Group in major industry deal
Alliance and Dawn Meats have completed their new strategic partnership.
Alliance is urging its farmer-shareholders to have their say on the proposed $250 million strategic investment partnership with Dawn Meats Group.
Alliance chair Mark Wynne says the vote is a "significant decision" for Alliance and its farmer-shareholders.
"If farmers haven't voted yet, now is the time to do so," Wynne says.
"So far, more than 45% of issued shares have voted. That represents more than 1,300 of our shareholders," he adds. "Every vote counts."
For the proposal to be approved by farmer-shareholders, more than 50% of all shares on issue (over 53 million votes) must be a ‘Yes’ and at least 75% of participating shares must vote in favour of the proposal.
Farmer-shareholders can vote or appoint a proxy online via the link emailed to them by This email address is being protected from spambots. You need JavaScript enabled to view it..
They can also vote in person at the Special General Meeting in Invercargill on Monday October 20.
Corporate shareholders may need to appoint a proxy to vote on their behalf at the Special General Meeting.
All votes must be received by 11:45am on Monday October 20.
The National Wild Goat Hunting Competition has removed 33,418 wild goats over the past three years.
New Zealand needs a new healthcare model to address rising rates of obesity in rural communities, with the current system leaving many patients unable to access effective treatment or long-term support, warn GPs.
Southland farmers are being urged to put safety first, following a spike in tip offs about risky handling of wind-damaged trees
Third-generation Ashburton dairy farmers TJ and Mark Stewart are no strangers to adapting and evolving.
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.

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