Growers urged to back bid for sugar terminal board

All grower shareholders are being urged to use their vote this month to ensure their interests are represented by another sugarcane farmer on the board of Sugar Terminals Limited.

“This is the first time the CANEGROWERS board has officially endorsed a candidate for the STL board,” CANEGROWERS Chairman Paul Schembri said. “It’s a sign of the confidence we have in Stephen Calcagno to represent the best interests of growers while being open minded and forward-thinking enough to work with other board members for the benefit of the whole industry.”

As the owner of Queensland’s sugar shipping facilities, STL Ltd plays an important role in maintaining Australia's reputation as a reliable supplier and exporter of raw sugar to the world market.

"We must never lose sight of the fact that our ports, the timeliness of delivery and our reputation for reliability are some of our biggest selling points on the global market. Ensuring we maintain this goes hand-in-hand with having a successful company that can also return a dividend to shareholders," Mr Calcagno said.

“Sugarcane growers have a unique viewpoint on many issues and these views need to be heard and considered when the Board of STL makes decisions about the company’s future in the interests of the industry as a whole.”

Grower shareholders can vote in person or by proxy at the Sugar Terminals Limited AGM on 21 October.

"I encourage all STL grower shareholders to use their vote," Mr Schembri said. “These world-class terminals were built to ensure growth opportunities for the industry across all of the regions and, as grower shareholders, we need to ensure we have a strong voice in their management.

“The best way to do that is to vote for Stephen Calcagno. Everyone needs to have a say and not leave the decision to a few larger shareholders.”

Read here for more information or visit the STL Ltd website https://sugarterminals.com.au/