Alliance plans to offload 65% of shares for $250m
Alliance Group has announced plans to sell a 65% stake in the farmer-owned co-operative to Irish meat processor Dawn Meats Group for $250 million.
Voting is underway and the result will be announced at Alliance shareholders annual meeting in Gore on December 18.
The three candidates are standing for election:
- Gray Baldwin from Putaruru in South Waikato
- Cameron Black from Riverton in Southland
- Matt Iremonger from Banks Peninsula in Canterbury.
Former chair Murray Taggart retired from the board in April and current farmer-director Jason Miller is not standing for re-election.
"Voting is one of the most important ways for Alliance shareholders to shape the direction of our co-operative,” says Mark Wynne, chair of Alliance.
“Alliance Group has always been about farmers working together for our shared success, striving to be a high-performing company that delivers value to its shareholders.
“I encourage every farmer-shareholder to take the opportunity to vote for who they believe will best represent the interests and future of our business.”
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The election is being conducted by internet and postal voting using the First Past the Post voting method. Voting packs, together with information about the candidates, have been sent to all Alliance shareholders.
