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 held in Leeton and Finley yesterday.
Other meetings this week will be held today 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.
Emergency services are at the scene of a house fire in Northgate St, Mooroopna.
The winning form continued for the Mulwala seniors against Deniliquin at Lonsdale Reserve on Saturday.
The Tatura Hospital and Parkvilla Aged Care Facility, part of Goulburn Valley Health, held its annual June Hospital Collection and Open Day on Sunday with a small crowd in attendance.
Giving birth at home was a risk-free option for Moama mum Samantha Dawson, she says.
After suffering with reading difficulties for many years, former Rochester resident Nelson Jones has benefited from being diagnosed and treated for Irlen Syndrome.
Kyabram’s first tourism booklet is to be launched in late September.
Something truly inspirational took place on Saturday as former teammates honoured the memory of Eamonn O'Connor.
Berrigan and Jerilderie Shires will be in separate state electorates if boundary redistributions announced on Monday come in to effect.
A group of yarnbombers dressed an oak in Heathcote’s High St in a vibrant, woolly patchwork coat last week.
Cobram produced another positive and impressive performance on Saturday with an 88-point victory over an undermanned Rumbalara
Former AFL player Heath Black sent an inspiring message to Deniliquin youths last week.
Goulburn Valley fruit growers may face a battle against pests and diseases this season as growers hit by SPC Ardmona’s fruit cutbacks abandon their orchards or can’t find money to properly maintain them.
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.