SunRice begins phone poll on its proposed restructure
SunRice is urging its shareholders to have their say on the company’s future as it prepares for the final stages of its capital structure review.
Chairman Laurie Arthur says SunRice will be conducting a telephone poll of grower and investor shareholders to gauge feedback on the proposed restructure following recent technical briefings.
‘‘Overall we have received a very positive response to the potential new capital structure, which is designed to equip SunRice and our growers and shareholders for the future, while preserving grower shareholder control on an ongoing basis,’’ Mr Arthur said.
‘‘This new structure represents a significant opportunity to change the way we fund SunRice’s growth and build an Australian-controlled food company of scale that can compete in global markets to benefit all growers and shareholders.
‘‘As we approach the final stages of the capital structure review, feedback from our shareholders will be crucial in informing whether or not we move forward with the new structure and bring it back to shareholders to vote on.’’
Throughout this week, an independent research firm will be calling A and B Class shareholders to conduct a 10-minute telephone poll about the potential model.
‘‘We are urging people to read the latest materials and please take the time to participate,’’ Mr Arthur said.
‘‘If there is one survey call you can take this year, this is the one.
‘‘The feedback you provide in this phone poll will be very important for determining SunRice’s future.’’
Further information is available in the ‘Investor’ section of the SunRice website, www.sunrice.com.au.
It includes a copy of the capital structure review update booklet, the presentations from shareholder previous meetings and a video explaining the capital potential model.
Growers and shareholders can also find out more or provide direct feedback by calling 1800 020 806.