Dairygold suspends share trading

DAIRYGOLD has suspended the trading of shares in the co-op pending a review by the board and management of the options for financing development.

It yesterday informed shareholders by letter that as this process is not complete, the board decided it would be inappropriate to conduct the next round of share trading, which had been planned for November 21 to December 16.

“Accordingly, the board has decided to close the share register of the society, defer the third round of the share trading process until further notice and that the approval of private transfer of shares between members will be deferred until further notice,” the letter stated.