Strategy consultations resume at Dairygold
It is understood the consultation process may be finalised by March and that the group will call a Special General Meeting in April to have the new strategy approved.
In January this year Dairygold shareholders approved the reorganisation of Dairygold’s business and the establishment of a new wholly-owned subsidiary that may be floated in a few years time on the stock market.
Since getting approval for the change in January, the board and management has been working on the development of an appropriate structure for the new company.
That process is nearing completion and Dairygold’s chief executive, Jerry Henchy, is engaged in consultations with Dairygold Committee representatives to up-date shareholders on developments.
“The set of proposals will see Dairygold members and the Co-op both directly benefit from the value of the non-core businesses while providing an appropriate structure for the ongoing development of the new subsidiary,” Mr Henchy explained.
