Fonterra Shareholders' Market (FSM)

The Fonterra Shareholders’ Market (FSM) is a private market on which only Fonterra Farmer Shareholders, Fonterra and a specially appointed market maker are allowed to trade Fonterra Shares. The FSM forms part of Trading Among Farmers (TAF).

Outside investors who are not allowed to hold shares in Fonterra can invest in Units in a fund known as the Fonterra Shareholders’ Fund (FSF). The FSF gives investors access to the Economic Rights that they would have received if they were allowed to own a Fonterra Share. The FSF Units are listed on the NZX Main Board.

For more information go to www.fonterra.com