The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country

Fonterra units slide 10pc after coming off trading halt

NZ Herald
6 May, 2021 11:00 PMQuick Read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Fonterra units resumed trading this morning after its shares were put in a halt earlier this week. Photo / File

Fonterra units resumed trading this morning after its shares were put in a halt earlier this week. Photo / File

Fonterra's unit price had fallen by almost 10 per cent by late morning after coming off a two-day NZX trading halt.

By 11.30 am the units - which allow investors access to Fonterra's dividends -
were trading at $4.15, down 45c or 9.8 per cent from their last traded
price on Tuesday.

There was no trade in the units on Wednesday, in advance of the proposals, or on Thursday, when they were laid out.

Fonterra directors are proposing an easier entry for farmers to gain access to the co-op and either axing or capping the listed Fonterra Shareholders' Fund.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The proposals will be put to shareholders at the Fonterra's annual meeting in November.

As of May 4, the Fund had about 107.2 million units on issue and a market capitalisation of around $493 million.

The fund is a constituent in the S&P/NZX 50 index.

Save
    Share this article

Latest from The Country

The Country

Bellbird project takes flight as Northlanders join backyard trapping drive

21 Sep 01:00 AM
The Country

Cutting-edge safety: Kiwi team builds AI chainsaw drone

20 Sep 05:03 PM
The Country

Growing grapes is easier than you think

20 Sep 05:00 PM

Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 PM
Advertisement
Advertise with NZME.

Latest from The Country

Bellbird project takes flight as Northlanders join backyard trapping drive
The Country

Bellbird project takes flight as Northlanders join backyard trapping drive

The project aims for one trap in every five Waipu backyards.

21 Sep 01:00 AM
Cutting-edge safety: Kiwi team builds AI chainsaw drone
The Country

Cutting-edge safety: Kiwi team builds AI chainsaw drone

20 Sep 05:03 PM
Growing grapes is easier than you think
The Country

Growing grapes is easier than you think

20 Sep 05:00 PM


Kiwi campaign keeps on giving
Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP