Displaying items by tag: SHAREHOLDERS

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.

The Fonterra Shareholders' Council has recommended farmers do not vote in favour of the shareholder proposal which is to be put forward at the annual meeting in December.

Fonterra has appointed the establishment board of FSF Fund Management Company Ltd, the manager of the Fonterra Shareholders Fund.

The Fonterra Shareholders' Council, which safeguards the interests of Fonterra's 10,500 farmer shareholders, says it remains fully supportive of the Trading Among Farmers (TAF) process.

The Fonterra Shareholders’ Council, which speaks for Fonterra’s 10,500 farmer-shareholders, has announced it cannot support the Government’s Dairy Industry Restructuring Bill as it is currently written.