2008 Archive - Nufarm

11 Dec 2008 UK Competition Commission Provisional Findings
Nufarm notes the publication of the UK Competition Commission's Provisional Findings and the associated notice of Possible Remedies with respect to its inquiry into the completed acquisition of AH Marks.

30 Oct 2008 Nufarm DRP underwriting cancelled
Given the significant recent deterioration in daily trading volume on the Australian Stock Exchange, Nufarm has today taken the decision to cancel the underwriting of the Dividend Reinvestment Plan (DRP) for the final dividend associated with the 2008 financial year result.

25 Sep 2008 2008 Full Year Profit Announcement (PDF 188KB)
Full year results for the period ending July 31, 2008

01 Sep 2008 Additional regulatory review of AH Marks acquisition
Nufarm announced today that the UK Office of Fair Trading (OFT) advised the company late Friday (UK time) that it has referred certain aspects of Nufarm’s acquisition of the AH Marks business to the UK Competition Commission for further inquiry.

18 Jul 2008 Guidance Update (PDF 103 KB)
Nufarm Limited today confirmed that it expects to generate a tax paid operating profit (excluding non operating items) of between $155m and $160m for the financial year ending July 31, 2008. This is above earlier company guidance but broadly in line with market consensus.

18 Jun 2008 Nufarm acquires DuPont cotton portfolio
Nufarm Ltd announced today that it has completed the acquisition of a range of cotton plant growth regulator (PGR) products from DuPont.

17 Jun 2008 Nufarm strengthens global position in glyphosate (PDF 235 KB)
Nufarm announced today that is has concluded or signed memorandums of agreement that will secure the company's long term global supply positions relating to glyphosate, and will facilitate a more integrated position in glyphosate manufacture.

02 May 2008 Nufarm announces completion of Etigra acquisition
Nufarm announced today that it has completed the acquisition of certain assets and business from US based Etigra LLC, a privately owned supplier of crop protection products focused on the turf and specialty sectors. Following US regulatory approval of the transaction, the acquisition was completed this week.

27 Mar 2008 2008 Interim Results
Nufarm reports substantial increase in sales and operating profit

06 Mar 2008 Nufarm completes $200 million placement
Nufarm Limited (“Nufarm”) announced today that it has successfully completed the institutional placement to fund the acquisition of AH Marks Holdings Limited and proposed acquisition of Etigra LLC, announced on 5 March 2008.

05 Mar 2008 Nufarm announces UK and US acquisitions
Nufarm Limited announced today that it has acquired AH Marks Holdings Limited (effective immediately), based in Wyke, England and has reached agreement to acquire the business of Etigra LLC, based in Cary, USA.

11 Feb 2008 New Zealand Commerce Commission proceedings
The New Zealand High Court has delivered its judgement involving penalties awarded against Nufarm entities following an action brought by the New Zealand Commerce Commission in 2005.

31 Jan 2008 Barter trade loss in Brazil
Further to yesterday's announcement re the Company's non-operating loss in Brazil the following information may help to clarify how the barter trade system operates and what occurred in this instance

30 Jan 2008 Nufarm books $22.6 million non-operating loss on Brazil soybean contract
The company disclosed at its Annual General Meeting on December 5, 2007, that it had become aware of a one-off liability arising from a hedging position negotiated by the previous management of its Brazilian subsidiary, Agripec, prior to that business becoming a wholly owned Nufarm subsidiary.