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.
Neighbourhood Watch Week will start with a sizzle — a sausage sizzle to be precise — at Sevens Creek Dve in Kialla.
Victoria State Emergency Service (SES) and other emergency services are preparing for the next round of wild weather in the north-east.
It was clear blue skies last Tuesday for the official launch of the Gargarro (pronounced Ga-gar-ro) Botanic Gardens in Girgarre.
SNAKES will be coming out of hiding as the weather warms up.
KATH Bubb has been recognised for 50 years of service with the Ballendella Red Cross.
IT EXPERTISE in Kyabram has received recognition after Advance Computing won a Microsoft Australia Partner Award in the excellence in regional area customer category.
Seymour A and B-grade in season decider
Extensive rainfall in the Southern Riverina is having a negative impact on farming.
McIvor Creek – in and around Heathcote – has gone over its banks with all our recent rain, flooding streets and causing closures and detours.
Yarroweyah's Katie Anderson will be heading to Wisconsin in the United States after winning the Dairy Youth Travel Scholarship.
After a 30-year career as an accountant in Deniliquin, Peter Skipworth officially retires today.
Tuesday, August 16
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