Dear Genetics Australia Co-Operative Shareholder Members,
It is with great excitement that this morning we announce the proposed formation of a joint venture (JV) with the URUS Group, a global leader in cattle genetics, and the Genetics Australia Co-Operative Limited (GAC).
The JV with URUS is being proposed for several key reasons, including:
- To ensure the long-term sustainability and financial viability of GAC;
- To enable our business to provide both our Members and the broader Dairy & Beef industries with world leading products, technologies and services;
- To provide our staff with the opportunity to grow and expand their knowledge in our industry; and
- To continue our focus of supporting genetic enhancement of the Australian Dairy and Beef herds.
In proposing this JV your Board has been focused on several key areas, namely:
- Ensuring the assets that the GAC has built up over many years are protected;
- Ensuring that the business is sustainable for the long term and can provide appropriate returns on the GAC”s asset base;
- Ensuring that the goodwill developed in the Genetics Australia brand remains;
- Ensuring that the business can continue to provide the highest quality of products and services to Members and Australian farmers along with providing access to Australian genetics for our international customers.
Your Board strongly recommends the proposed JV and encourages you to read both the attached document which provides some initial information and Q&A”s. The formal voting document has been sent in the mail and should arrive with you in the coming days, if this information has not arrived by the 15th of April, please contact [email protected]
Over the coming days we have arranged several Member meetings and information sessions where you will be able to meet with both GAC and URUS Group representatives who will be in Australia this week. We appreciate that this is short notice, however if you can attend any of these sessions we certainly encourage you to.
MEMBER MEETINGS – IN PERSON
COBDEN BOWLING CLUB – RSVP HERE
TUESDAY 4TH APRIL – 11.30AM
6 Rix Avenue, Cobden
LEONGATHA RSL – RSVP HERE
WEDNESDAY 5TH APRIL – 12.30PM
Corner Michael Pl & Smith St, Leongatha
CALEDONIAN HOTEL – ECHUCA – RSVP HERE
WEDNESDAY 5TH OF APRIL – 7.00PM
110 Hare St, Echuca
COMFORT INN & SUITES (FORMERLY QUALITY INN TRARALGON) – RSVP HERE
THURSDAY 6TH OF APRIL – 12.00PM
5601 Princes Highway Traralgon
MEMBER MEETINGS – ONLINE
TUESDAY 4TH APRIL – 9.00AM (AEST)
CLICK HERE FOR ZOOM LINK
WEDNESDAY 5TH APRIL – 3.00PM (AEST)
CLICK HERE FOR ZOOM LINK
FRIDAY 14TH APRIL – 3.00PM (AEST)
CLICK HERE FOR ZOOM LINK
If you have any questions at all, please don”t hesitate to contact [email protected] or indeed any of the Board or Senior Executive. We look forward to your support in this exciting new phase for our business.
Thanks & Regards
Trevor Henry Anthony Shelly
Chairman CEO
