The purpose is to gather constructive shareholder input on working together to minimise the impact of buybacks on Murray Irrigation, customers and the local community.
The meetings will be held from September 16 to 27. Dates, times and venues will be determined based on shareholder feedback.
The meetings will be held after open tenders for purchasing of water right under Restoring Out Rivers 2024 closes on September 11.
“Murray Irrigation has modelled a number of internal, commercial and government related initiatives that could limit the impact of buybacks on the footprint,” MIL chair Phil Snowden said in a recent shareholder update.
“Feedback from shareholders during these discussions will help guide the board decision making process when implementing possible solutions.
“Murray Irrigation is firmly focused on making sure that, at the end of the Basin Plan buybacks, the company is structured in a way that minimises any increase in costs to customers.
“We all know that irrigators and their production underpins our community.
“The board wants to give you confidence in the business’s ability to continue to deliver water on time and in full, post buybacks. We hope this will give you the confidence to keep your water and continue producing in the area.
“We are asking shareholders to complete the registration of interest to assist us in developing a discussion group schedule that reaches as much of the footprint, and as many shareholders as possible.”
