Fonterra Co-operative Group Limited
The Arrangement is the establishment and operation of the Fonterra Shareholders‘ Fund (FSF). The FSF is a New Zealand–resident unit trust through which non–milk-supplying investors (Public Investors) and farmers supplying milk to Fonterra (Supplying Shareholders) can invest in Units. Units in the FSF give Public Investors and Supplying Shareholders economic rights in Fonterra shares (Shares), but do not give them any legal interest in the Shares.