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Alliance chair Mark Wynne
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.
OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.
The future of the Alliance Group is “pretty dark” if the proposed Dawn Meats deal does not go through, says board chair Mark Wynne.
With the Alliance board starting a series of roadshows next week to sell the Dawn Meats deal to shareholders, a group of farmers is working on a counter proposal.
An independent report, prepared for Alliance farmer shareholders is backing the proposed $250 million joint venture investment by Irish company Dawn Meats Group.
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Alliance is urging its farmer-shareholders to have their say on the proposed $250 million strategic investment partnership with Dawn Meats Group.
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