‘Your company, Your future’ is the headline on Silver Fern Farms’ Information Pack to shareholders, explaining the capital restructuring programme which the company is now busy promoting at a series of farmer meetings throughout the country, culminating in a Special General Meeting on 30 July. Approval of the Constitution requires 75% of those voting at that meeting or by proxy to vote in favour of the Resolution to exchange the present co-operative shares for ordinary listed shares, buy shares in a 2 for 1 rights issue, receive a 1:4 bonus issue and reduce the size of the Board of Directors. (more…)
