Fonterra Reaches Settlement with NZX
Fonterra Co-operative Group Limited has reached a settlement with NZX in relation to the continuous disclosure of
information during the precautionary whey protein concentrate (WPC80) recall in August 2013.
Group Director Governance and Legal Mike Cronin said Fonterra had co-operated fully with the NZX and the NZ Markets
Disciplinary Tribunal throughout the investigation.
“As part of a full and final settlement, we have acknowledged the Tribunal’s views and agreed to make a payment of
$150,000.
“Following the Fonterra Board’s Independent Inquiry into WPC80, and as the Tribunal’s statement sets out, Fonterra has
made significant changes to ensure improved identification, management and escalation of emerging risks across the
Co-operative, with a particular focus on food safety and quality.
“Fonterra remains committed to fully complying with the rules governing the Fonterra Shareholders’ Market and the NZX
listing rules,” Mr Cronin said.
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