CAPITAL STRUCTURE CONSULTATION 2021
6. Where to from here
THE CONSULTATION PROCESS AND TIMELINE OF NEXT STEPS We want to hear your feedback. All of the key information about our review is set out in this booklet which is opportunities for discussion and feedback in your regions – check the Farm Source
structure, then you will have a chance to vote on that change and you will receive a document with all the detail prior to your vote. We would likely aim to seek your vote on direction for change at or around the annual meeting in November. As some aspects of our current capital structure are reflected in the DIRA, any vote is likely to be conditional on any necessary changes to legislation being passed.
website for dates and locations. We intend to share initial farmer feedback in July. Your feedback will inform the next steps of the review. On the basis it remains clear that there’s an appetite for change, the idea is that we’ll do further work to refine the preferred option(s) and have a second round of consultation. If we decide to seek a change to our capital
being emailed and delivered to each supplying farm. You can find further information and questions and answers at www.fonterra.com/capitalstructure. There will be a series of initial meetings in your regions to discuss this further, with your Directors and management representatives leading those discussions. After that, there will be further
FARMER SURVEY
FURTHER DEVELOPMENT of options
CONSULTATION
REFINEMENT of preferred option(s)
CONSULTATION on the preferred option(s)
PROCEEDWITH PREFERRED OPTION (if change is recommended, then this will likely include a shareholder vote)
CURRENT PHASE
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