6th August 2001
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Media Release
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Nufarm shareholders approve delisting in New Zealand
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Shareholders of Nufarm Limited today voted in support of a proposal to cease trading the
company’s shares on the New Zealand Stock Exchange (NZSE). Nufarm has been
registered as an Overseas Listed Issuer on the NZSE since migrating its head office and
primary listing to the Australian Stock Exchange (ASX) in January of 2000.
Nufarm Directors had proposed the delisting in New Zealand as a means of increasing the
liquidity of the company’s shares on the ASX which, in turn, will assist efforts to reinstate
Nufarm in the S&P 200 index.
At a meeting in Melbourne this morning, shareholders overwhelmingly supported the
proposal. A formal report on the voting results is attached to this statement.
It is now intended that the NZSE listing will cease at the close of trading on Friday of this
week, with shareholdings registered in New Zealand automatically transferring to the ASX for
the opening of trading on Monday morning, August 13. New Zealand resident shareholders
will be sent a statement with details of their new shareholder registration numbers.
Nufarm’s Managing Director, Mr Doug Rathbone, said index positions help determine the
investment decisions of a number of institutional fund managers and it is clearly in the
interests of all shareholders for the company’s stock to meet the broadest possible
investment criteria.
“The company is firmly focused on the continued global expansion of the business and a
return to strong profit growth,” Mr Rathbone said.
“We look forward to retaining our New Zealand based shareholders as we continue our
efforts to build long term shareholder value.”
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Further information:
Robert Reis
Corporate Affairs
Phone (61 3) 9282 1177
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