Survey shows most Fonterra farmers plan to use capital return for debt reduction
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
The delay is due to a number of candidates having previous commitments which have pushed back the completion of the candidate assessment process.
Board of directors' candidates must now confirm their nomination with the returning officer by October 23, 2012.
Voting packs, containing candidate profiles, will be mailed to eligible shareholders on Monday, November 26, 2012. Shareholders can vote by internet, fax or post, using the Single Transferable Vote (STV) system.
The voting period is from Monday, November 26 until 10.30am on Saturday, December 15, 2012 with the results announced at the annual meeting on Monday, December 17, 2012.
