NEW ZEALAND, Dunedin. A strong majority of 80.4% of votes in favour of the 50/50 partnership with Shanghai Maling reinforced Silver Fern Farms Board’s position that the partnership is in the best interests of shareholders and the Co-operative. This was published by Scoop Independent News.
“While the Board has clearly stated its view that the outcome of this meeting could not bind the company given the valid and binding approval last October, it is pleasing to see shareholders reaffirm their support and maintain their confidence in this exciting opportunity to create a sustainable Silver Fern Farms,” Hewett said.
The aim is to achieve OIO approval prior to 30 September, and proceed to complete the transaction by 4 January 2017 as previously announced.