In a significant step for New Zealand’s dairy industry, Fonterra Co-operative Group Ltd, one of the world’s largest dairy processors, has announced that it will move its shares (FCG) to the NZX Main Board, New Zealand’s primary stock exchange.
This transition, which was initially announced in November 2024, took effect on January 15, 2025, marking a new chapter in Fonterra’s journey as a global dairy leader.
The move to the NZX Main Board represents a shift in the company’s share trading platform, allowing for greater visibility and accessibility for investors.
However, Fonterra has made it clear that there will be no changes to the ownership structure of the co-operative. Its constitutional restrictions on who can hold shares will remain the same, and shareholders will continue to trade in the same manner as before.
Fonterra’s decision to migrate to the Main Board is a strategic one, positioning the company for enhanced engagement with the financial markets. The change is expected to provide better liquidity and more efficient trading opportunities for its investors, while reinforcing Fonterra’s commitment to its long-term strategy in the dairy sector.
For industry experts and investors, this move signifies Fonterra’s ongoing efforts to adapt to the evolving landscape of global dairy markets. The shift also underscores the company’s focus on strengthening its corporate governance and investor relations.
The co-operative’s leadership believes that the move will enhance its transparency, fostering greater trust among stakeholders.
Philip van Polanen, General Manager of Capital Markets & Investor Relations at Fonterra, emphasized that despite the changes in the platform, there will be no alterations to how shares are traded or who can purchase them.
This means that the same set of investors eligible to hold shares in Fonterra will continue to have access, maintaining the integrity of the co-operative’s member-focused approach.
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This announcement is part of Fonterra’s broader effort to improve its position in the global dairy sector, adapting to market changes while staying true to its foundational values.
As the company continues to innovate and evolve, its move to the NZX Main Board signals its readiness to meet the demands of the modern financial market while staying firmly rooted in its co-operative structure.
For further information on the move and its implications, investors and stakeholders can contact Fonterra’s Capital Markets & Investor Relations team.
