CAPITAL STRUCTURE CONSULTATION 2021
3. The preferred option and what it would mean for us
Our aim has been to find options that give you more flexibility when you need it but still protect ownership and control, without compromising our financial sustainability. We prioritised a couple of structures that we thought could best meet the objectives of the review and after closer analysis, we have a preferred option – to adopt a Reduced Share Standard with either No Fund or a Capped Fund – which is explained in more detail in this section.
This indicates our current thinking, but we are open minded about adjusting that direction based on your feedback. The other options we considered, including staying with our current structure, are outlined in Section 5, and we will discuss them during the farmer meetings. Your feedback on any or all of these is welcome.
We’ve spent a significant amount of time looking at a wide range of alternative structures as well as options to evolve our current structure.
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