Fonterra Co-operative Group Ltd has announced an on-market share buyback programme on 8 June 2022 in accordance with FSM Rule 2.9.1 and section 65(2) of the Companies Act 1993.
The programme will involve the acquisition of ordinary shares.
Further information can be obtained from Director of Capital Markets, Simon Till.
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The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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