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Displaying items by tag: TAF
Fonterra chairman John Wilson says the co-op is providing a new level of transparency to shareholders about the business.
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.
Federated Farmers has welcomed the 89.51% vote in favour of constitutional safeguards around Trading Among Farmers (TAF).
Fonterra chief executive Theo Spierings says since the co-op's formation in 2001, the board and farmer shareholders had made the tough decisions required to position it for growth.
Fonterra Chairman elect John Wilson says the launch of TAF and opening of the new Darfield site symbolises the strong future for the 100% farmer controlled and owned cooperative.
Fonterra's TAF (trading among farmers) is underway.
And within minutes, the selling price of Fonterra share units rose 21% to $6.66.
When Fonterra shareholder Philip van der Bijl stepped up to ring the market bell on the stroke of midday today it marked the start of live share trading among farmers, and a new era of opportunity for New Zealanders to join the Fonterra success story.