The Government has postponed the share market float for Mighty River Power, but the other big equity event - Fonterra's trading among farmers (TAF) scheme - is on track for introduction before year's end, says Fonterra chief executive Theo Spierings.
The dairy co-operative is conducting research through focus groups to take farmers through the technicalities surrounding TAF, Spierings said.
Fonterra expects to lodge a prospectus for TAF on October 26. Once the prospectus is filed, there will be a supply-based book build for the shares and a demand-based book build, says Spierings.
"Our aim is to have it up and running by the end of November."
Fonterra's plan aims to remove redemption risk and provide permanent share capital, with farmers buying and selling shares among themselves rather than with the company.