Dear members,
Today we received the excellent news that our Joint Venture (JV) with URUS has been formally approved.
Confirmation from the Registrar of Co-operatives that our special resolution for the JV has been formally accepted means that we are new full steam ahead in planning for a July 1 start.
The new JV entity that will be formally known as Genetics Australia Holdings Pty Ltd but will continue to trade simply as Genetics Australia.
What does this mean for you?
In the short term, you will not notice any major changes. You will be dealing with the same people and using the same products.
However, in the long-term we envisage that that JV will lead to many benefits and access to an expanded range of products and services, including the full suite of GENEX products and access to the PEAK breeding program. This is great news for our members and the Australian industry.
The TLG brand will also remain prominent for both our services and with the TLG semen portfolio.
Thanks for your support
The JV received overwhelming support from members with 94 per cent of votes being in favour of the ‘Special Resolution’. We thank every member that took the time to consider this proposal and all those who had the confidence to back the board’s vision for the future.
What’s next?
We’re working hard as a team to make sure there will be a smooth and exciting transition to the new entity from July 1.
There’s a lot to do but we’re confident we can make it happen by July 1 and create a brighter and exciting future for our co-operative and all our members.
Genetics Australia Holdings Pty Ltd’s Australian Company Number will be 666 904 436 and Australian Business Number (ABN) 96 666 904 436.
Kind Regards,
Trevor Henry
Chairman
Anthony Shelly
CEO
