Fonterra sets strike price for dividend reinvestment plan

Fonterra Co-operative Group has set a strike price for Fonterra Shareholders Fund units of $5.574 for unitholders participating in the dairy processor's dividend reinvestment plan.

A final dividend for the last financial year is due for payment on June 7, with the strike price based on the individual daily volume weighted average sale price of FSF units in trading between May 27 and June 2, discounted by 2.5 percent. 

The cooperative confirmed in a statement to the NZX that it is "aware of no material adverse information at this time."

BusinessDesk.co.nz

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