Skip to main content

Bendigo and Adelaide Bank welcomes Gunns vote

24 December 2009 |Media centre

Key points

  • Grower investors support eight proposals put forward by Gunns
  • Vote on the remaining scheme postponed until January 4, 2010
  • Good news for grower investors
  • Bendigo and Adelaide Bank continues to explore options for grower investors not covered by today’s proposals

Bendigo and Adelaide Bank has welcomed the support shown yesterday for the proposal by Gunns Plantations Limited to take over various forestry managed investment schemes (MIS) formerly managed by the Great Southern group of companies.

“This is great news for grower investors, who can now look forward with some optimism about the future operation and value of their forestry MIS investments,” Bendigo and Adelaide Bank spokesperson Gary Tucker said.

Growers supported eight of the nine proposals put forward by Gunns, with the ninth (the vote for the 2006 Forestry Scheme) postponed until January 4 to allow a number of proxy votes that were received after the December 21 deadline.

“This is a significant step towards ensuring value in MIS schemes for Great Southern grower investors is preserved and increased,” Mr Tucker said.

“Bendigo and Adelaide Bank continues to work with all relevant parties to ensure grower investor interests in the schemes not considered in the Gunns proposal are protected,” he said.

Related Topics

Bendigo Bank logo
Connect with us

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2022 Bendigo and Adelaide Bank