Farmers Taking Advantage of Capital Structure Flexibility

27 May 2013

Addendum: Farmers Taking Advantage of Capital Structure Flexibility

Twenty per cent of Fonterra Farmers have sought to sell close to $600 million worth of the economic rights to their Wet Shares.

Due to high demand this offer will be scaled and as such Fonterra will buy 79.7% of the economic rights each Shareholder offered to sell, equating to just under $475 million worth of Wet Shares.

ABOUT THE FONTERRA SHAREHOLDERS’ COUNCIL
The Fonterra Shareholders’ Council represents the interests of Fonterra Farmers to the Board of the Co-operative and plays an active role in monitoring and assessing the governance and performance of Fonterra. There are 35 Councillors who are all Shareholders elected by their fellow Farmers in wards across New Zealand.

ENDS

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