Primary Wool Co-Operative (PWC) shareholders have placed their organisation on an extremely strong footing for the future, providing overwhelming support for two key resolutions at the co-operative’s 44th annual general meeting.
Farmer shareholders voted in favour of maintaining PWC’s 50% shareholding in CP Wool, as well as over 98% supporting a constitutional change enabling a capital raise to back CP Wool’s five year strategic plan at the meeting in Dannevirke on May 23.
Janette Osborne, incoming chair of PWC, said it was fantastic to see farmer shareholders emphatically supporting the future direction of their co-operative and the New Zealand wool industry as a whole.