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SunRice seeks Finley feedback

Leading Australian branded food business SunRice has completed its first round of the shareholder meetings as part of its Capital Structure Review (CSR).

November 22, 2012 4:15am

SunRice held shareholder meetings in Finley, Leeton, Coleambally, Griffith, Wakool and Deniliquin last week.

The meetings were attended by shareholders and led by SunRice chairman Gerry Lawson (pictured), deputy chairman Mark Robertson, chief executive officer Rob Gordon, and independent director Grant Latta.

The meetings were an opportunity to discuss how SunRice can best meet the challenges and opportunities of the future.

They were conducted as a series of discussions. Shareholder feedback was actively encouraged and a wide range of well-informed comments were received, according to Mr Lawson , who also thanked shareholders for their participation.

‘‘Listening to our shareholders is tremendously important.

‘‘There are some complex issues to consider and our shareholders hold a range of views.

‘‘Until we have a good understanding of our shareholders’ aspirations it is far too early for the SunRice Board to propose solutions.

‘‘We are pleased at the response from our shareholders and the discussions that took place.

‘‘It is clear our shareholders are actively engaged on the future of SunRice and are keen to ensure the business is best able to deliver for stakeholders on a sustainable basis.

‘‘Shareholders have a good appreciation of the challenges facing the business, including the share structure, funding requirements, and the need for a paddy charter.

‘‘We are also receiving important feedback via the CSR website and shareholder hotline. I encourage shareholders to continue providing feedback via these channels, which can be on a confidential and anonymous basis if preferred,’’ he said.

The CSR website is http://capitalstructurereview.sunrice.com.au which includes an online feedback form. The shareholder hotline number is 1800643977.

Further rounds of shareholder meetings will take place in 2013.

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