Notice of Withdrawal
Class Ruling CR 2005/10 addressed the availability of scrip for scrip roll-over for those shareholders of National Foods Ltd who accepted the off-market offer made by Fonterra Foods Pty Ltd to acquire their shares in exchange for redeemable preference shares in Fonterra Co-operative Group Ltd. The Class Ruling confirmed that shareholders in National Foods Ltd could choose scrip for scrip roll-over provided a number of requirements were satisfied - one being that the offer must result in members of the Fonterra Co-operative Group Ltd wholly-owned group becoming the owner of at least 80% of the voting shares in National Foods Ltd.
Class Ruling CR 2005/10 is withdrawn as the offer did not result in members of the Fonterra Co-operative Group Ltd wholly-owned group becoming the owner of at least 80% of the voting shares in National Foods Ltd. Scrip for scrip roll-over is not available for those National Foods Ltd shareholders who exchanged their shares under the offer.