More than 1,000 farmers turn up for crucial vote on TAF, most already voted

Mon, 25 Jun 2012

By Jonathan Underhill June 25 (BusinessDesk) - Some 1,185 farmers have turned up to vote today on Fonterra Cooperative Group’s Trading Among Shareholders scheme, which would end redemption risk for New Zealand’s biggest company while allowing outside investors to take a share of profits. “We’re looking for a mandate today that signals you want us to get on with this change,” chairman Henry van der Heyden said from Hamilton. “Permanent capital means that a growing milk supply and growing capital base can be fully utilised” to seize the “enormo...

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