FSF - 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:

- 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

•  Farmers vote in favour of Fonterra’s Capital Return Scheme

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PEB - PACIFIC EDGE ADVANCES US COMMERCIAL RECOVERY
CEN - Contact considers green Capital Bond offer
BRW - Board appointment
October 19th Morning Report
October 16th Morning Report
CHI - Q3 2026 Operational Update
Devon Funds Morning Note - 14 October 2026
BIT - Transaction in Own Shares
PHL - Operational Update - Q2 FY27
October 14th Morning Report