AU shares

[food4u]

Am wondering how many AU share holders didnot receive their information packages before SWP deadline of MAY 28th. I am one of how many??? Attempted to phone one of several info numbers and they were always busy???? What am I supposed to do now?

[SASKFARMER3]

I phoned last week for my folks and finally got a person on the line they appologized for the delay but said as soon as it arrives mail your shares in. He then informed me they just sent that package out late friday the 18 of the long weekend. Basically it didnt leave regina till tuesday the 22.

[sewen]

You can download the forms off the Agricore website or use the forms from the previous Sask pool offer. When I phoned the 1-800 number they told me they changed the deadline to postmarked by the 28th.

[sewen]

Just read you have till June 12 to tender your shares.

[melvill]

Does anyone know what happens if shareholders don't tender their shares?

Or what happens if shareholders miss the deadline?

[orestchuk]

I went to my local AU office in town and the girls down loaded the forms, printed , and helped me fill them out correctly. They showed me where to sign, etc. This way, I did not have to worry about errors. They attached my certificate to the papers and then I mailed them by registered mail. All done. My package is still not in. There was a steady flow of farmers doing the same. Great service and hopefully it will continue with the new takeover.

[TOM4CWB]

"The Pool has also extended the Offers to enable those shareholders that have not yet tendered to deposit their securities to the Offers. The Offers, as extended, will now expire at 5:00 p.m. (Toronto time) on June 12, 2007. Shareholders may contact Kingsdale Shareholder Services at 1-866-301-3454 for assistance."

SWP.com has a full news release.

[food4u]

Finally received my info packages today. Will maybe send them back tomorrow???? Amazing that they would put such a short time on them if they were really serious and truly wanted grain producer input.Makes me think they donot really care about the grass roots of their operation.

[Burbert]

I was at our local AU Sales elevator (doesn't buy grain, just sells ag stuff) the other day, they had a sign on the wall that said May 28th was the deadline for tendering AU shares. The staff would NOT assist anyone in any way regarding the filling out or mailing of the tendered shares. Further to this I was forced to wait 40 minutes in the office while the manager yakked on the phone, to a farmer, relative to contracts, grain prices, and how much money the guy was making. The only way I got served was that I threatened to leave and buy fertilizer in another nearby town. The steno was either to stupid or didn't give a sh-t about customers, busy eating candy and doing her nails. I AM VERY GLAD TO SEE THE END OF AGRICORE UNITED, it was a crap company Agricore and UGG were both garbage as well riddance to bad rubbish! Go Sask Pool go!!

[kamichel]

Our UGG ellevator was one of the top performing UGG ellevators. The year before this last year they dried grain 24/7 for the entire year, trucks lined up for half a mile, While the SWP elevator took in little grain. This spring because of their 100 car spot they had trucks lined up usually for half a mile while the SWP ellevator could not get any cars. SWP bought that ellevator and sold it to JRI, JRI should be happy with that deal.
So what does happen to my 100 dollars worth of AU shares if I do nothing with them?

[melvill]

karmichel, I have the same question - what happens to shares that aren't tendered? I know a couple of shareholders that are well into their 80s who still aven't received the packages and AU has no elevators less than 2 hours away to help them. What happens to them if they don't tender their shares? On Monday I phoned one of the companies that is supposed to be looking after answering these questions and I haven't heard back from them yet (Thursday AM).

[AdamSmith]

Ok guys, this isn't that hard.

First don't worry about the May28 date.

That date was because of other deals SWP had going. And the deal was that SWP needed 75% of AU's outstanding common shares tendered. Between ADM and the institutional investors, the 75% was going to be easy without the small farmers shareholders.

As far as not tendering, once this deal is done AU will no longer exist so those shares will become worthless eventually. So tender them otherwise you can wall paper the outhouse with them.

Lastly I got my packages in the mail last thursday, and had them filled out and in the mail later that afternoon.

There are different forms supplied one is to be used if you have your share certificates, the other one is if you don't. And there will be seperate packages for Common shares and preferred shares.

You, fill in the share information, ie. the share certificate #, and the number of shares the certificate represents and the number of shares being tendered (this should be the same number)

Then a little further on in the tender letter, you will fill in the name you want your check issued in and the address to be sent along with your SIN number.

Then a page or two later, sign where it says to sign.

Insert the whole letter plus your certificates (if you have them) in the envelope provided and put it in the mail. I sent mine by rgistered mail.

Then in about a month, a cheque will arrive in the mail.

Not hard at all.

[Southpaw]

What happens to the AU shares that are at Computershare? These are the ones that where bought with re-invested dividends. They are held at Computershare. We have no share cert for them.

[myopinion]

Burbert if you have this attitude then why were you at the AU. Maybe they just did not want your business. If the employee's at AU are actually the problem in your town, then how do you expect a different sign on the door to change that.

[myopinion]

Burbert,
At times I find reading your statements interesting to say the least. Giving an off the wall opinion on things can entertain more lively debates. Yet this time you have totally lost it.
Firstly these shares are yours, AU empoyees are not brokers, why should they do the paper work for you?
Did you purchase these shares? or were they given to you back in the UGG or Man/AB Pool days for doing business with them? Most likely you don't have very many, so why didn't you take advantage (when they offered to) of AU's offers to purchase these shares with out brokerage fees?
Are you not happy with the $20.50 per common and the $24 for prefered? and not having to pay any brokerage fees there either? oh right you have to fill out some papers, damn what hard work. If I ever run into one of the farmer directors of AU, I'd be happy to shake their hand and say thanks, for executing one hell of a deal and for making AU the company it became, shows what a board of directors should do, make a corporation work, for both shareholders, farmers and its customers. A lesson another board should learn rather than play politics with farmers money.
Are employees of any place you deal with suppose to drop thier work just to cater to your needs? I'm sure if your as sour with any one you deal with as you are here, they all kringe when they see you coming. You must have no relations built with any farm businesses in your district do you?
But for your saving grace you do have the CWB to support you and keep your farm going. I do admire you for your convictions to up hold the monopoly, it shows that it does work for some. Yet you must admit not for all that is why at least us barley producers are finally getting choice. Be that to better our incomes or not, that is now our choice not a socialist choice.
Burbert, politics are your best bet for a carreer, I'd imagine the NDP need help, or else move up in the ranks of the NFU. Your commentary needs a wider audience.
My rant for the day, now back to try seeding again, still 850 acres to go, yet fields are a sponge with all the moisture here.
Erik