28 Nov 2012Class action settlement approved Nufarm Limited announced that the Federal Court has today approved the settlement agreement relating to class action proceedings that were brought against the company in early 2011.
27 Nov 2012Class action – amended settlement proposal Nufarm Limited announced today that the Federal Court (Victorian Registry) will be asked tomorrow to give final approval to a settlement of the class action brought against the company by Maurice Blackburn and Slater & Gordon in early 2011. The settlement agreement has been amended to cover an expanded number of claims, with Nufarm agreeing to pay a total of $46.6 million (previously $43.5 million).
20 Nov 2012Arbitration Update In previous announcements (including in Note 34 to the financial statements for the year ended 31 July 2012), Nufarm Limited (“Nufarm”) has made disclosures concerning arbitration proceedings in Brazil against the previous owners of the Brazil business in relation to pre-acquisition tax liabilities and associated indemnities.
Nufarm today announces that an award from the Arbitral Tribunal has now been received.
31 Oct 2012Non executive director appointment Nufarm Limited today announced that its Board has approved the appointment of a non-executive director representing the interests of 23% shareholder Sumitomo Chemical Company (SCC).
Mr Toshikazu Takasaki will join the Nufarm Board with effect from the conclusion of Nufarm's AGM on 6 December. Mr Takasaki is a former executive of SCC who held senior management positions in businesses relating to crop protection, both within Japan and in the US. He is now a business consultant.
10 Oct 2012Nufarm announces new Board member Nufarm Limited announced today that Mr Frank Ford will join the Nufarm Board as a non-executive Director, effective 10 October.
01 Oct 2012Nufarm prices US$325 million Senior Unsecured Notes Offering Nufarm Limited today announced the pricing by its wholly-owned subsidiary, Nufarm Australia Ltd, of US$325 million in aggregate principal amount of 6.375% Senior Unsecured Notes due 2019 (the “Notes”) in an offering to qualified institutional buyers in the United States pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.
21 Sep 2012Nufarm announces proposed Offering of Senior Unsecured Notes Nufarm Limited today announced the intention of its wholly-owned subsidiary, Nufarm Australia Ltd, to offer, subject to market and other conditions, US$300 million aggregate principal amount of Senior Unsecured Notes (the "Notes").
07 Aug 2012Starpharma and Nufarm Sign Crop Protection Agreement Nufarm Limited (ASX:NUF), via its subsidiary Nufarm Australia Limited, and Starpharma Holdings Ltd (ASX:SPL; OTCQX:SPHRY) today announced the signing of an agreement under which the parties will apply Starpharma’s Priostar® dendrimer technology to develop innovative crop protection formulations for Nufarm’s product portfolio.
01 Aug 2012Nufarm enters into settlement agreement on class action proceedings Nufarm Limited has entered into a conditional settlement agreement in relation to the class proceedings commenced by Maurice Blackburn and Slater & Gordon in early 2011. The settlement covers claims made on behalf of group members who acquired shares during the period from September 2009 to August 2010.
26 Jul 2012Nufarm forecasts strong growth in underlying profit Nufarm Limited announced today that it expects to generate underlying Earnings before Interest and Tax (EBIT) of between $200 million and $205 million for the current financial year, ending July 31. This compares with an underlying EBIT1 of $171.8 million in the previous financial year. Underlying profit after tax2 is expected to be a range of $110 million to $116 million (2011: $98.1 million).
28 May 2012Nufarm expands production capabilities in USA Nufarm will establish a new manufacturing facility in Chicago to support growth in the fungicides, insecticides and seed treatment segments.
The new facility, which will open in 2013, will also accommodate Nufarm's North American headquarters and the global head office for the group's seed technologies business, Nuseed. The project involves a capital investment of approximately $9 million.
27 Mar 2012Nufarm reports higher first half profit (119KB PDF) Nufarm Limited today announced a net profit after tax of $18 million for the half year ended January 31, 2012. This compares with a profit of $4 million reported in the corresponding period of the previous year. Excluding material items, operating profit after tax was $23.9 million, an increase of 5.3% on the 2011 first half. Operating EBIT was up 11.8% to $37.8 million.