Dairygold deny bonus share offer a sweetener

DAIRYGOLD has rejected claims by a group of shareholders that a bonus share offer is a sweetener to get members to adopt a new set of rules for the co-op tomorrow.

The Option B Group plans to move a vote of no confidence in the board of directors at tomorrow's annual general meeting and have them removed from office.

But the co-op's directors have urged shareholders to embrace the new rule-book, pointing out that it reflects a broad consensus of opinion, and would deliver a framework to successfully build up the business.