[9 October/ Otago Daily Times]

Alliance Group is investing $54 million in capital expenditure over the next year. Chief Executive David Surveyor said the business strategy success meant Alliance was in a position to reinvest to continue to build the company’s operational performance. Also, the company would have a bonus share issue and increase farmer shareholding in the co-operative as a reward to farmer shareholders. Mr Surveyor said this would depend upon the supply of lambs, sheep, cattle, calves and deer during the 2017-18 season. The Chief Executive added Alliance is making good progress against critical measures with a stronger balance sheet, improved profitability and better livestock pricing for farmers. Peter Schuyt will replace James Ogden as an Independent Director at the end of his term on November 30.