(1) In this notice, unless the context otherwise requires,—
affected transaction means a transaction described in clause 1 of Part 1 of the Schedule
board has the same meaning as in Fonterra's constitution
director means a person occupying the position of director of Fonterra, by whatever name called
fair value range means a fair value range for a co-operative share in Fonterra advised by a valuer to the board that is not a special estimate
Fonterra means Fonterra Co-operative Group Limited
season means the period of 12 months beginning on 1 June in a year and ending on 31 May in the following year
special estimate means an estimated fair value range required by the board under clause 4.5 of Fonterra's constitution because the board has the opinion that the circumstances referred to in that clause have arisen
trade means sell, buy, redeem, or alienate in any other way.
(2) A term or expression that is defined in the Act and used, but not defined, in this notice has the same meaning as in the Act.