If you are an Investment Shareholder of Mackay Sugar you have until 5PM on May 7th 2010 to apply for B Class Investment Shares.
Eligible shareholders can apply on the basis of one B Class share for every 8 Investment Shares held at an issue price of 80 cents per B Class Investment Share.
The Mackay Sugar Board is issuing up to the 25 million B Class Investment Shares carrying an 8 percent fully franked divided on the amount paid up at the beginning of each 6 month period for a period of 3 years
Farmers can take up their entitlement in full, take up only a part of their entitlement or do nothing and allow that entitlement to lapse. Farmers also have the option to apply for Additional or Top Up shares.
The Mackay Sugar Annual Productivity Awards are on Saturday April 17th commencing at 4PM at the Ooralea Racetrack.
The SRDC Regional Expo will be held on May 4th from 10am till noon at West Tigers Football Club at Walkerston. The Expo is free and will feature top researchers and innovators who will discuss some of the innovative R&D programs and results. To register phone 3210 0495.
The ACFA works closely with the SRDC in relation to research priorities and we are currently assisting SRDC to develop a National Plan for sugar industry research, development and extension.
I will be attending a Reef Protection Stakeholder Advisory Committee meeting in Brisbane with Minister Jones on April 30th. Further details on reef regulations are to be finalised and I will report on those when completed.
ACFA members in Proserpine Mill area recently met and appointed ACFA as Bargaining Representative in relation to the Cane Supply Contract. A meeting between ACFA reps and Proserpine mill will occur next week.