Displaying items by tag: SHAREHOLDERS

A proposal to reduce Fonterra's board to nine has received over 50% support from shareholders.

Meat Industry Excellence (MIE) says Silver Fern Farms shareholders need to carefully scrutinise the capital-raising proposal put forward by the cooperative’s board.

The ranks of Ballance shareholders continue to grow with latest signings of more than 1000 new members bringing shareholder numbers up to a record 19,253. 

THE FONTERRA Shareholders' Council says the final payout of $6.16 ($5.84 farmgate milk price and 32c dividend) for a fully shared-up farmer was an accurate reflection of the season.

Fonterra Shareholders' Council chairman, Ian Brown, says farmers' take-up of the latest Fonterra Supply Offer shows they are beginning to take advantage of the flexibility Trading Among Farmers (TAF) offers them.

Fonterra shareholders have voted overwhelming in favour of a resolution to lock in protections around the size of the Fonterra Shareholders' Fund and the integrity of the Farmgate Milk Price.

The Fonterra Shareholders Council admits that it its communication strategy during the TAF process was not up to scratch.

Fonterra's outgoing chairman Henry van der Heyden has used his final speech as chairman to thank farmer shareholders for their support.

Fonterra's outgoing chairman Henry van der Heyden has used his final speech as chairman to thank farmer shareholders for their support.

Strong interest has been shown from farmers and staff in buying units in the Fonterra Shareholders' Fund but many farmer shareholders seemed to be taking a "wait and see" approach before selling, Fonterra says.