Fonterra fund to delist from Australian exchange

Fonterra Shareholders' Fund (FSF) has received conditional approval to be removed from the official list of the Australian Securities Exchange (ASX).

The decision to delist from ASX was made in order to consolidate FSF's listing on one exchange, which the company said would benefit liquidity and reduce compliance and administrative costs.

The majority of FSF's unitholders are based in New Zealand.

FSF intends to comply with the conditions and be removed from ASX at the close of trading on February 27, 2025.

After the delisting, unitholders will only be able to sell their FSF units via the New Zealand Stock Exchange (NZX) or through off-market private transactions.

Australian unitholders will need to engage an Australian broker to facilitate sales on the NZX.