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.
A pedestrian has been taken to Goulburn Valley Base Hospital this afternoon.
Mulwala’s own motor racing sensation Steve ‘Harro’ Harrison has won the 2014 Victorian Super Tin Tops Championship.
St Augustines College, Kyabram, has won the inaugural School’s Sustainability Cup for 2014, beating several Melbourne schools.
Shaun Atkins’ 32-point performance was quickly forgotten after the Echuca-Moama Pirates suffered their biggest loss on Saturday.
As expected the Rochester Community Recreation Grants Program launched last week has already ruffled feathers within the community.
New faces for Girgarre FNC
A time to include late loved ones in the spirit of the season.
Firefighters were able to save a Finley property's buildings after a large stack of hay bales went up in flames on Monday.
Eppalock Primary School has gone global.
Three major crashes in Moira Shire in less than a week prompts Christmas warning from authorities.
Winners of the ‘Deni: All lit up’ residential Christmas lights competition were announced yesterday.
Fodder depots have been set up in Euroa and Thoona for farmers hit by the recent fires.
The rail tracks are in such disrepear V/Line is having to close the buffet car between Euroa and Seymour due to health and safety concerns to hospitality staff.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.