Wools of New Zealand (WNZ) and Primary Wool Co-operative (PWC) shareholders are encouraged to register for a series of online meetings ahead of a vote on the proposed merger of operations between WNZ and Primary Wool Co-operative-owned CP Wool. Under the proposed merger, the grower-owned export and marketing company WNZ and PWC will remain the shareholding vehicles while a new entity will jointly own the combined trading business of WNZ and CPW.
WNZ and CP Wool directors and staff will discuss the proposal and what it means for farmers at three online meetings before the PWC Annual General Meeting, 4 November and a WNZ Special Meeting, 5 November. Subject to shareholder support, this will conclude a series of communications with growers over the last 12 months about the strategy and process to merge the operations of both wool companies.
It’s vital farmers are fully informed ahead of the vote. To date, we have communicated the strategy and why we believe this is a good idea. But these voter meetings will share the detail around the deal structure. It is really important grower shareholders sign-up for a meeting so they can make an informed vote.
Voting papers will be sent out to shareholders over the coming days and shareholders will be provided with details to call into their respective AGM and Special Meeting's.
VOTE INFORMATION MEETINGS
Please register for one of the three online meetings, 6.30pm 28 October, 6.30pm 1 November or 12.30pm 3 November by contacting Danicia Nixon via email or by phone 03 595 2513.