Zespri shareholders back constitutional changes according to preliminary vote count

Wed, 14 Mar 2018

By Rebecca Howard March 14 (BusinessDesk) - Zespri shareholders voted in favor of constitutional changes aimed at strengthening grower ownership and control of New Zealand's statutory kiwifruit exporter, according to preliminary results from a special meeting held today in Mt Maunganui. Shareholders voted on a series of resolutions that will impose a cap on the number of shares they can hold relative to trays of kiwifruit produced, and phase out dividends for non-producing shareholders over seven years. Existing growers who stop producing...

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