Wednesday, 14 March 2018 11:40

LIC awaits vote count

Written by Rural News Group

font size decrease font size increase font size
Print
Email

LIC chairman Murray King with LIC secretary Gillian Brennan.

A result on LIC’s share simplification vote will be known by 2pm today.

The cooperative's special general meeting has just ended in Hamilton. Votes are being counted.

LIC needs 75% support to pass the resolution to have one class of shares.

Currently it has two class of shares: investment shares, which have access to dividends but no voting rights, and cooperative control shares, which have voting rights but no access to dividends.

LIC chairman Murray King told the 50 people at the meeting that the cooperative has to change.

King says the cooperative needs a fair system for all class of shareholders. The voting results will be released to NZX at 2pm.

More like this

BVD Control in Dairy Herds: How to Find & Remove PI Animals

Bovine Viral Diarrhoea (BVD) is estimated to cost New Zealand's dairy and beef industries more than $150 million every year, yet many of the tools needed to control it are already well understood. After more than 25 years in veterinary practice, Andrew Weir, animal health technical specialist at LIC, has seen firsthand the impact BVD can have on herd performance. We asked him about the role of persistently infected (PI) animals and the practical steps farmers can take to reduce their risk.

LIC: Faster Bull Team Change Reflects Genetic Progress

In the past, a bull could sit comfortably in a breeding team for several years with little change, but today, that’s no longer the case.

Paynes Titus Excelsior ET Wins Sire of the Season Award

Paynes Titus Excelsior ET, an LIC bull bred by Brad Payne and Claire Brodie in the Waikato, has won the JT Thwaites Sire of the Season 2026 Award.

LIC Reports Record Six-Week In-Calf Rate for Dairy Herds

New season data from LIC shows a strong reproductive performance for the 2025-26 season, with a lift in key metrics compared to last season.

Keeping the Farmer Voice Strong Inside the Co-op

OPINION: Farmer confidence can feel a bit distant until a decision made at board level lands right back at the farm gate.

Featured

The $14 Million Legacy That's Helping Farmers Build Careers

Tayla Steele is in her fourth year of a Bachelor of Veterinary Science at Massey University in Palmerston North.

No Further H5 Bird Flu Detections in NZ, MPI Confirms

The Ministry for Primary Industries (MPI) says no new cases of H5 bird flu have been detected following a case found earlier this week.

185 Beef Farms Sign Up as Halter's Satellite Fencing Delivers Early Gains

Two months after unveiling a major upgrade to its beef product, Halter says its farmers are on track for major production gains and additional grass growth.

First H5 Bird Flu Case Confirmed in NZ

New Zealanders are being urged to be alert following a confirmed positive case of H5 bird flu this week.

Milk Room Refrigerants: NZ Dairy's Hidden Emissions Fix

With a third of NZ dairy farmers still running outdated refrigerants, the country's largest farm refrigeration company says the opportunity for quick, meaningful emissions gains has never been clearer.

Editorial: Don't take away farmers' tools

OPINION: Farmers are being put on notice by the Green Party.

National

DairyNZ: Waikato Farmers Need Certainty on PC1 Rules

{ "@context": "http://schema.org", "@type": "Article", "headline": "DairyNZ: Waikato Farmers Need Certainty on PC1 Rules", "author": { "@type": "Person", "name": "Staff…

Government's New Planning System, PC1 'Won't Mesh Together Well'

Waikato farmers have been told that the Government’s new planning system legislation and the region’s Plan Change 1 (PC1) “won’t…

Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges

Signs for the 2026-27 kiwifruit crop look good, but there are still some challenges for growers – especially those who…

Seven New Zealand Catchment Groups Awarded Westpac Water Care Grants for 2026

Seven catchment groups across New Zealand have been awarded $10,000 grants as part of the Westpac Water Care Project.

Equine Vets Urge Vigilance as Strangles Outbreak Hits North Island Horse Properties

Equine veterinarians say horse owners need to stay alert and communicate with their vets following an outbreak of the highly…

Machinery & Products

John Deere Names 2026 Technician of the Year Finalists

John Deere has announced the finalists for its 2026 Technician of the Year Awards, with 30 regional finalists being named…

SAM Machinery Reveals e-Spreader at Fieldays

Kiwi built to suit Kiwi conditions, the Fieldays reveal of its new 3-point linkage mounted e-Spreader will add another string…

Stewart Trailers Unveils Tetrad 35-Tonne Trailer

Founded in 1988, Stewart Trailers is owned and managed by James and Mandy Stewart from their site in North-East Scotland.

Can-Am Unveils Outlander Electric ATV at Fieldays

Last month's National Fieldays was an important event for Canadian manufacturer Can-Am, as it unveiled its first electric ATV, the…

JCB Targets New Land Speed Record with Hydrogen-Powered Hydromax

While its best known as a manufacturer of construction and agricultural machinery, JCB holds a significant place in the record…

» Latest Print Issues Online

Visit archives

» Connect with Rural News

RSS Facebook Twitter

LIC awaits vote count

More like this

BVD Control in Dairy Herds: How to Find & Remove PI Animals

LIC: Faster Bull Team Change Reflects Genetic Progress

Paynes Titus Excelsior ET Wins Sire of the Season Award

LIC Reports Record Six-Week In-Calf Rate for Dairy Herds

Keeping the Farmer Voice Strong Inside the Co-op

Popular Reads

Patoa Farms, New Zealand's Largest Pig Farm, Sold to Pork Industry Consortium

Lactalis New Zealand Opens New Christchurch Distribution Centre

Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges

Federated Farmers Calls for Urgent Pause on Waikato Plan Change 1 Amid Government Reforms

How a Scholarship Helped Build a 1400-Cow Taranaki Farm

Featured

The $14 Million Legacy That's Helping Farmers Build Careers

No Further H5 Bird Flu Detections in NZ, MPI Confirms

185 Beef Farms Sign Up as Halter's Satellite Fencing Delivers Early Gains

First H5 Bird Flu Case Confirmed in NZ

Milk Room Refrigerants: NZ Dairy's Hidden Emissions Fix

Editorial: Don't take away farmers' tools

National

DairyNZ: Waikato Farmers Need Certainty on PC1 Rules

Government's New Planning System, PC1 'Won't Mesh Together Well'

Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges

Seven New Zealand Catchment Groups Awarded Westpac Water Care Grants for 2026

Equine Vets Urge Vigilance as Strangles Outbreak Hits North Island Horse Properties

Machinery & Products

John Deere Names 2026 Technician of the Year Finalists

SAM Machinery Reveals e-Spreader at Fieldays

Stewart Trailers Unveils Tetrad 35-Tonne Trailer

Can-Am Unveils Outlander Electric ATV at Fieldays

JCB Targets New Land Speed Record with Hydrogen-Powered Hydromax

» Latest Print Issues Online

The Hound

Great Idea!

No Choice

» Connect with Rural News

» eNewsletter