SunRice be­gins phone poll on its pro­posed re­struc­ture

Southern Riverina news - - NEWS -

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.

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