Fonterra Co-operative has confirmed the details of its on-market share buyback programme, the Transitional Buyback, which will replace the existing $50 million buyback programme.
It will commence on 28 March 2023 and is expected to continue until 9 June 2023.
The Co-operative has allocated up to $300 million for this programme, with a maximum of 75 million shares to be acquired at prevailing market prices.
Fonterra also announced that farmer directors and their associated entities may now trade Fonterra securities and units in accordance with the Co-operative's Securities Trading Policy.
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