When selling or purchasing a farm, the parties may consider and negotiate the following options: The dairy farm is sold together with the Fonterra shares; The dairy farm is sold without the Fonterra shares. When agreeing on the price, the parties may consider the following options: The parties agree on a fixed price for the Fonterra shares prior to signing the Agreement for Sale and Purchase Agreement ; or The parties agree that the Fonterra share price is set independently by a formula having regard to the Fonterra share price on the FSM prior to the settlement date.
This may be uncertain if the share price increases or decreases prior to settlement. To our valued clients, Even though our office remains officially closed, our team is still available and are working remotely so we remain open for business during this time. You can contact us directly on our DDI numbers or via our main reception line 09 or and we are available via email. We will continue to update you as appropriate via our website or directly by phone or email if we are currently working with you on a matter.
If you have any questions or concerns please contact us. Take care from the Franklin Law Team. TAF is more complicated and it has moved Fonterra shares from being part and parcel of a farm sale to being a financial product in their own right. From a regulatory point of view, this means that the people who can advise on Fonterra shares has changed.
The shares and units are financial products under the financial adviser regulations. As a financial product and a complicated, "category one" product at that, the consequence is that only Authorised Financial Advisers can advise on Fonterra shares and units. This is a matter for potential vendors and purchasers to consider and both vendors and purchasers should consider talking to an Authorised Financial Adviser when looking at how to structure a sale and purchase.
My research list. Save my research Don't lose any of your research. Nice work Expect to receive an email from us soon. Latest publications. Law guides. Register to receive our latest publications Full name. Thank you We have received your submission. At the same time, Fonterra confirmed that the interim dividend on Fonterra shares would be cut from 16 cents per share to 5 cents per share.
Back in the day… Farmers who supply milk to Fonterra used to be limited in the number of Fonterra shares that they could hold. Farmers say they don't want to get ahead of themselves, despite Fonterra's record-high opening milk price forecast.
The dairy co-operative credits increasing global demand for dairy products for its record opening forecast for next season's farmgate milk price.
The price of units in the Fonterra Shareholders Fund have plunged as much as 13 percent before trimming their losses to settle about 7 percent lower. Business RSS. Follow RNZ News. Suppliers arrange truck routes as southern businesses feel pinch 1 Jun Farmers cautiously optimistic on record opening milk price forecast 26 May
0コメント