Fonterra shareholders have voted in favour of implementing Trading Among Farmers.
The resolution for Trading Among Farmers received a 66.45% vote in support at Fonterra's Special Meeting, with two out of every three votes in favour.
Fonterra chairman Sir Henry van der Heyden said the final vote on the share trading scheme attracted a record voter turnout.
"Our farmers have voted in big numbers, representing 85% of the Co-op's milksolids. It is great to see so many taking part and having their say. Now we can move forward with this important evolution in our capital structure," he said.
Sir Henry said the Board listened to farmer shareholders' concerns on preserving 100% farmer control and ownership and the integrity of the Farmgate Milk Price.
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