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Fonterra "no longer" Floating Shares!
05:47:44 PM - 2008-03-18

SHARE FLOAT NO LONGER A OPTIONS FOR FONTERRA!
The Dairy farmers are happy now that Fonterra preferred option of  publicly floating the share was no longer a option, it has been"parked".The Board would now go back and start on a review of the other options that it had put aside when coming up with its preferred option of share floating.
Too many reservations  by farmers about Fonterra's preferred option for capital restructuring have prompted the co-operation board to put it aside and consider other options.
Farmers who had attended shareholder meetings said they were again feeling positive about the co-operative and that their concerns had been addressed.


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