A meeting will be held in Deniliquin on Thursday as part of SunRice's capital structure review.November 13, 2012 4:43am
SunRice has announced the start of a consultation program with shareholders as part of its Capital Structure Review.
The consultation will initially consist of shareholder meetings, with the first round of meetings to commence today, with sessions at Leeton and Finley.
Other meetings this week will be held tomorrow at Coleambally and Griffith and in Wakool and Deniliquin on Thursday.
The review is focused on the company’s capital structure, specifically looking at the relevance and appropriateness of the current structure as well as how SunRice can best deliver on the expectations of shareholders.
Board structure and the development of a grower services and paddy procurement charter are also being considered as part of the review.
SunRice chairman Gerry Lawson said the first round of the meetings is about listening to shareholders.
‘‘The review is an opportunity to discuss how SunRice can best meet the challenges and opportunities of the future,’’ he said.
‘‘Over the coming months we will be holding meetings with growers, shareholders and the community, and I encourage everyone to get involved.
‘‘It is important that all shareholders and growers have an opportunity to contribute, and feedback is both welcomed and encouraged.
‘‘In due course the board will act on shareholder feedback, however there’s a long way to go and it is far too early to predict an outcome for the review.’’
Mr Lawson said it is also important to remember there will be no changes to SunRice’s structure without a shareholder vote.
‘‘That’s why the board is determined to have a constructive and positive discussion with all shareholders to develop a solution that best meets their objectives and aspirations,’’ he said.
Further rounds of meetings will be held next year, with dates, times and locations to be confirmed.
Street Rider Night Bus signs have been placed in Shepparton’s central business district to encourage people to use the service that has been cruising along for more than five years.
Police are currently at the scene of a double fatal collision involving two cars in at the Cahill Road, Gilmore Street and Woods Road intersection in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
The Echuca construction team behind Junction Moama has taken out one of the top honours at a regional building awards ceremony.
Rochester Historical and Pioneer Society hosted an afternoon tea to recognise long-standing members Barrie and Flora Griffin and John and Margaret Harley.
About 7600 residents served by Goulburn Valley Water are affected by a boil-water advisory.
Scone Equine Hospital relaunches local veterinary practice.
A beauty pamper day has raised a whopping $18k to assist local lady Terri Bevan with her ongoing medical costs associated with her brain tumour
A planning scheme amendment to allow the expansion and redevelopment of the IGA supermarket at Heathcote has been approved by the Victorian Planning Minister Richard Wynne.
Cross-border rivals Cobram and Barooga football netball clubs will contest the 38th Cobram Courier Shield this weekend.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
The G-MW Murray gravity irrigation system has received 35 per cent and the Goulburn system 42 per cent of allocation from July 1.
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