SunRice renews arrangement to supply key markets
Released
Released
Announcement PDF
ASX Announcement
27 June 2023
SunRice Group renews arrangement to supply key markets
The SunRice Group’s subsidiary, Ricegrowers Singapore Pte Ltd, has entered into a strategic agreement with
a commercial partner in China for the supply of milled white rice to key markets throughout the Pacific. This
agreement is strategically significant as it secures supply for SunRice.
The agreement is for supply of milled white rice from 1 July 2023 to 31 December 2023, and will ensure
SunRice’s ability to supply milled white rice to key markets in the Pacific during this period.
Authorised by Kate Cooper, Group General Counsel and Company Secretary, SunRice Group
Investor inquiries:
Media inquiries:
Richard Rose
Anthony McFarlane
Head of Corporate Development
(03) 8567 1132 / rrose@sunrice.com.au
Head of Corporate Affairs
0447 324 674 / amcfarlane@sunrice.com.au
About SunRice’s structure
The structure of SunRice contains non-standard elements including its dual class share structure comprising A Class Shares and B Class Shares.
A Class Shares confer on their holders the right to vote at general meetings but no right to dividends. A Class Shares are not quoted on ASX and may
only be held by rice growers who meet the production quotas prescribed by the SunRice constitution. No person may hold more than 5 A Class
Shares. In practical terms the voting rights held by A Class Shareholders give those shareholders the right to control the election of directors and any
changes to SunRice’s constitution.
B Class Shares are quoted on ASX and confer on their holders the right to receive dividends, as determined by the directors from time to time.
Holders of B Class Shares do not generally have the right to vote at general meetings of SunRice. This means B Class Shareholders have no right to
vote on the election of directors of SunRice. No person may hold more than 10% of the total number of B Class Shares on issue.
For more details of the non-standard elements of SunRice’s structure see: https://corporate.sunrice.com.au/investors/
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