RESEND: LIC proposes share restructure to reduce conflicts between farmers, investors

(Clarifies share status in 2nd paragraph)
By Sophie Boot
Feb. 9 (BusinessDesk) - Farmer-owned cooperative Livestock Improvement Corp's board has released its suggested plan to merge its two share classes in a proposal the independent adviser described as relatively complicated but overall will deliver benefits.
LIC has two classes of shares: unlisted cooperative control shares and investment shares, which are listed on the NZX Alternative Market (NZAX). Chair Murray King said the current structure means cooperative shareholders have gr...
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