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2011 Archive - Nufarm

2011 Archive



01 Dec 2011 Nufarm expands seed platform with US acquisition (86KB PDF)
Nufarm Limited announced today that it has completed the acquisition of Seeds 2000, Inc., based in Breckenridge Minnesota, USA.

23 Nov 2011 Nufarm completes execution of refinancing documentation (PDF 112KB)
Nufarm Limited today announced that it has completed the execution of documentation relating to the refinancing of its existing syndicated bank facility with a number of Australian and foreign financial institutions.

03 Oct 2011 Nufarm appoints Peter Margin as non-executive director (PDF 114KB)
Nufarm Limited today announced the appointment of Peter Margin as a non-executive director of the company.
Mr Margin's appointment coincides with advice provided to the Board by non-executive director, Dr John Stocker, that he will retire from the Board at the company's Annual General Meeting on December 1.

23 Sep 2011 Nufarm Step-up Securities Update (PDF 113KB)
Nufarm Limited confirmed today that it will 'step up' the Nufarm Step-up Securities (NSS). This will result in the interest margin attached to the NSS being stepped up by 2.0%, with the new interest margin being set at 3.9%, from the next distribution date as at November 24, 2011. No other terms will be adjusted and there are no further step-up dates.

12 Sep 2011 Nufarm settles receivables dispute (PDF 102KB)
Nufarm Limited announced today that it has executed a binding settlement agreement in relation to a long-running dispute relating to a past receivable.

23 Aug 2011 Documentation executed on securitisation facility (PDF 100KB)
Nufarm Limited confirms that the principal transaction documentation associated with a $300 million trade receivable securitisation facility has now been executed. Details of the facility were disclosed in a company announcement on August 9, 2011.

10 Aug 2011 Nufarm and Rabobank agree final terms on $300m Global Securitisation Facility (PDF 86KB)
Nufarm Limited and Rabobank have agreed structure and terms on a $300 million trade receivable securitisation facility, representing an important first step in the refinancing of Nufarm's total debt facilities. Transaction documentation associated with the facility is expected to be executed during the course of next week.

13 Jul 2011 Trading update and full year earnings guidance (PDF 113KB)
Nufarm Limited today provided an update on trading conditions and guidance for underlying net operating earnings for the 2011 financial year ending July 31.

04 Jul 2011 Nufarm appoints new CFO (PDF 85KB)
Nufarm Limited announced today that Paul Binfield has been appointed Chief Financial Officer.

15 Jun 2011 Disputed receivable update (PDF 85KB)
In an announcement on May 26, 2011, Nufarm advised that an ongoing dispute relating to a claim was the subject of confidential discussions aimed at reaching a compromise between the parties.

31 May 2011 Nufarm appoints new non-executive director (PDF 85KB)
Nufarm Limited today announced the appointment of Gordon Davis as a non-executive director of the company. Mr Davis' nomination was approved by a meeting of the Nufarm Board today and his appointment takes immediate effect.

26 May 2011 Receivables dispute (PDF 122KB)
As disclosed in Nufarm's relevant financial statements, the company and a major supplier have been in dispute about certain claims referable to the 2009, 2010 and 2011 financial years.

20 May 2011 Fatality at Laverton manufacturing site (PDF 100KB)
Nufarm Limited said today that it is co-operating with the relevant authorities to fully investigate the circumstances surrounding yesterday's death of a worker at the company's Laverton North manufacturing site.

10 May 2011 Doug Rathbone share sale to Sumitomo (PDF 470KB)
Nufarm Limited's Chief Executive Officer, Doug Rathbone, has informed the company that he and associated entities have sold 4.5 million Nufarm shares to Sumitomo Chemical Company (Sumitomo) in an on-market transfer executed before the opening of trading on the Australian Stock Exchange today.

23 Mar 2011 Nufarm confirms interim profit guidance and announces CFO transition (PDF 88KB)
Following a meeting of Nufarm Limited's Audit Committee today, the company has confirmed that its operating profit result (net profit after tax before material items) for the six month period to January 31, 2011, will be slightly above the previous $10 million to $20 million guidance provided by the company.
The final accounts for the interim period will be considered by a Nufarm Board meeting on Monday, March 28, before being released later that day.
The company also announced today that Nufarm Limited's Chief Financial Officer, Kevin Martin, has advised the company that he is stepping down from his position at the end of March.

15 Mar 2011 Nufarm and Sumitomo Chemical execute a framework agreement for new product development (PDF 113KB)
Nufarm Limited and Sumitomo Chemical Company Limited have entered into a framework agreement to cooperate on the development of new formulations and mixtures of crop protection products from both companies.

25 Feb 2011 Group Treasurer announced (PDF 114KB)
Nufarm Limited today announced the appointment of a new Group Treasurer.
Nathan Morrison – who joins the company from PwC - will commence in this new senior finance position (reporting to Chief Financial Officer, Kevin Martin) in late March.

10 Feb 2011 Nufarm appoints new non-executive director (PDF 97KB)
Nufarm Limited today announced the appointment of Anne Brennan as a non-executive director of the company. Ms Brennan's nomination was approved by a meeting of the Nufarm Board today and her appointment takes immediate effect.

17 Jan 2011 Company Announcement re Second Class Action Proceeding
Earlier this afternoon, applicants represented by Maurice Blackburn served a class action proceeding on Nufarm Limited. The proceeding was filed on 24 December 2010 but was not served on Nufarm Limited until today.
Nufarm Limited denies any and all allegations of wrongdoing, and will defend the proceedings vigorously.

17 Jan 2011 Company Announcement re Class Action Proceedings
Late on Friday 14 January, applicants represented by Slater & Gordon filed and served class action proceedings on Nufarm Limited.
Nufarm Limited denies any and all allegations of wrongdoing, and will defend the proceedings vigorously.