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Fonterra Limited has entered a halt to trading for itself on behalf of the Fonterra Shareholders’ Fund.
Halting will be for the ASX, NZX Main Board and the Fonterra Shareholders’ Market.
The company says it remains in a ‘strong’ financial position, and consultation processes will not precisely affect the Co-operative’s ability to operate.
It will remain effective from when the market opens on Wednesday, May 5.
The company considers making an announcement prior to when the market opens on May 6. This is in relation to a comprehensive consultation process that will seek shareholder feedback on options to change its capital structure.
Trading halts will remain in effect until May 7 following tomorrows announcement to provide its shareholders and unitholders a whole day to review and consider.
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