SunRice has announced the start of a consultation program with shareholders as part of its Capital Structure Review.November 16, 2012 4:11am
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.
St Mary of the Angels Secondary College Year 8 student Kelsey Hislop has taken out the junior public speaking award at Shepparton’s Legacy House.
The Yarrawonga Pigeons defeated Corowa Rutherglen Roos by 76 points at the JC Lowe Oval in Yarrawonga.
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
Former Echuca netballer Caitlyn Nevins has helped the Queensland Firebirds book a spot in next week’s ANZ Championship grand final with a thrilling 67-64 win over Southern Steel on Sunday.
IT IS all happening for Rochester Dental Clinic this month.
John Murphy remembers the after-match scenes vividly that day at Undera in mid September 1976.
Local export Willie Wheeler dominating at VFL level
Berrigan Shire councillor Daryll Morris says he has been sickened by some of the vitriol and personal attacks to surface since the council’s proposal to redevelop Finley’s Memorial Hall and School of Arts site was revealed in October last year.
ONCE in a while some people are lucky enough to stumble across their destiny.
Katamatite Lions Club held its 42nd annual handover dinner at the Boosey Creek Tavern on July 13.
Mathoura endured a harsh hammering to its playing confidence on Saturday with a 24-goal thrashing at the hands of Deniliquin Rovers.
SPC will abolish its internal sales team and reduce executive numbers in the latest chapter of the company’s ongoing restructuring.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
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.