Farmers vote in favour of Fonterra’s Capital Return Scheme
26 July 2023
Farmers vote in favour of Fonterra’s Capital Return Scheme
Fonterra shareholders have today voted to pass the resolution to approve the scheme of arrangement for
the Co-operative’s return of approximately $800m of capital to shareholders (Scheme), with 99.24% of the
total shareholder votes cast in favour of the resolution.
Today’s result means that the Co-operative can now seek final Court orders to undertake the return of
capital. An indicative timetable of the key steps necessary to implement the Scheme is set out below:
Activity Date
Record Date 22 August 2023
Implementation Date 23 August 2023
Payment to shareholders By 29 August 2023
If the final Court orders have not been made by 3 August 2023, the Record Date will be five business days
after the date on which the final orders from the High Court sanctioning the Scheme are made
. The
Implementation Date will occur one business day later, with payment being made to shareholders within
five business days after the Record Date.
ENDS
For further information contact:
Fonterra Communications
24-hour media line
Phone: +64 21 507 072
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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