Fonterra has made minor changes to its three-step capital restructuring package after consulting shareholders.
Most of the changes relate to the first step - matching shareholding to milk supply, and specifically the financial commitment facing farmers increasing milk supply who have to buy shares in the middle of the season.
In a statement, Fonterra said the changes were designed to ensure those suppliers who contributed capital at the start of the season to match expected higher milk flows had that recognised and were treated fairly by the co-operative.
The other change related to the third stage of the restructuring package, which would allow the trading of Fonterra shares between farmers.
It would not be fully consulted or voted on until next year, but the board has decided to allow another round of discussion on its details at meetings to be held from November 9 to 11.
There were no changes proposed to step two, which changed the way Fonterra's fair value share was valued.
Details of the final proposals were mailed out to shareholders at the weekend before a vote on steps one and two of the new capital structure at Fonterra's annual meeting in Ashburton on November 18.
