Fonterra announces supply offer final price
Fonterra Co-operative Group Limited today announced a Final Price of $7.92 per Economic Right of each share that farmer shareholders sell during the current Supply Offer.
The price was calculated by reference to an average of the daily traded price on the NZX for Fonterra Units for each trading day between 2 – 15 May inclusive.
General Manager - Trading Among Farmers, Aaron Jenkins, said farmer shareholders have a further week to confirm if they wish to participate in the Supply Offer before it closes at 5pm on 23 May.
The outcome of the Supply Offer will be announced on 27 May, and farmer shareholders who participate in the offer will receive payment for any economic rights to Wet Shares that they sell by 6 June