Fonterra Co-operative Group Limited has announced an on-market share buyback programme, allocating up to $50m commencing 30 June 2022.
The programme is separate to the allocation of up to $300m announced last year to support liquidity in the Fonterra Shareholders Market (FSM).
The maximum number of shares that may be acquired pursuant to the buyback programme and the Transitional Buyback taken together over the next 12 months is 80,667,893 shares.
The number of shares purchased under the buyback from time to time and the average price, will be notified to the NZX and ASX on the business day following the date of purchase.
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