Alliance Group returns to profit after two years with $93m turnaround
After two years, Alliance Group has returned to profit.
Alliance is urging its farmer-shareholders to have their say on the proposed $250 million strategic investment partnership with Dawn Meats Group.
Alliance chair Mark Wynne says the vote is a "significant decision" for Alliance and its farmer-shareholders.
"If farmers haven't voted yet, now is the time to do so," Wynne says.
"So far, more than 45% of issued shares have voted. That represents more than 1,300 of our shareholders," he adds. "Every vote counts."
For the proposal to be approved by farmer-shareholders, more than 50% of all shares on issue (over 53 million votes) must be a ‘Yes’ and at least 75% of participating shares must vote in favour of the proposal.
Farmer-shareholders can vote or appoint a proxy online via the link emailed to them by This email address is being protected from spambots. You need JavaScript enabled to view it..
They can also vote in person at the Special General Meeting in Invercargill on Monday October 20.
Corporate shareholders may need to appoint a proxy to vote on their behalf at the Special General Meeting.
All votes must be received by 11:45am on Monday October 20.
Three New Zealand agritech companies are set to join forces to help unlock the full potential of technology.
As the sector heads into the traditional peak period for injuries and fatalities, farmers are being urged to "take a moment".
Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.
Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.
Animal owners can help protect life-saving antibiotics from resistant bacteria by keeping their animals healthy, says the New Zealand Veterinary Association.
According to analysis by the Meat Industry Association (MIA), New Zealand red meat exports reached $827 million in October, a 27% increase on the same period last year.