Published: 10/12/2009
Growers in Great Southern's forestry managed investment schemes still need to vote for the Gunns proposal to manage the schemes, even though all other offers have been withdrawn or suspended.
The Gunns offer has been recommended by the Receiver, McGrath Nicol, in the absence of a superior proposal.
"The Gunns proposal is the only proposal before growers and the only remaining chance for value to be delivered to growers"
"Abstaining from voting may result in our proposal not being accepted. Growers must vote for our proposal for it to succeed, even though it is the only proposal available to growers"
"Our strong balance sheet and operational expertise means we have the capacity to continue operating the schemes and realising their full value for growers." Mr Greg L'Estrange, CEO, Gunns Ltd
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