No Fonterra special meeting called over share price gripes

Fonterra shareholders are grappling with a slumping share price. (Image: Supplied)

Fri, 25 Jun 2021

Fonterra hasn’t received a formal notice to call a special meeting over complaints its planned capital restructuring has led to a slump in the share price.The world’s biggest dairy exporter is in talks with Hopkins Farming Group after the Manawatū operation revealed plans to complain to the Financial Markets Authority and file a class action against Fonterra’s directors over the proposals to overhaul its capital structure.While Hopkins Farming chair Tom Wilson told the NZ Herald it requested a special meeting to consider a vot...

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