The Murray Irrigation Limited Board will host a round of shareholder discussion groups from September 16 to 27 to understand shareholder sentiment around the Federal Government’s intent to undertake further water buybacks in the Murray Irrigation footprint.
The purpose of these discussions is to gather constructive shareholder input on how we can work together to minimise the impact of buybacks on MIL, customers and the community.
MIL has modelled a number of internal, commercial and government related initiatives that could limit the impact of buybacks on the footprint.
The board said feedback from shareholders during these discussions would help guide the board decision-making process when implementing possible solutions.
MIL policy is focused on making sure that, at the end of the basin plan buybacks, the company is structured in a way that minimises any increase in costs to customers.
MIL is asking shareholders to complete a registration of interest on its website to assist it in developing a discussion group schedule that reaches as many shareholders as possible.
Shepparton News assistant editor and Country News journalist
