About Us

Our Shareholders

Sustainable business with

Shared Outcomes

Previously a grower-owned cooperative, Mackay Sugar became an unlisted public company in 2008, and as of 29 February 2024 our company profile consists of 753 growers and 1326 shareholders. In 2019 one of Europe's leading sugar manufacturers, Nordzucker Group, became Mackay Sugar’s majority shareholder and continues to make significant investment in our plant and people, along with bringing a network of global ideas, innovation and opportunities to ensure the long-term sustainability of our business and Mackay’s sugar cane industry.

Under the Mackay Sugar constitution, Nordzucker Cane Sugar Holdings GmbH is entitled to purchase additional Mackay Sugar shares that are offered for sale and are not otherwise acquired by Mackay Sugar grower shareholders. Nordzucker Cane Sugar Holdings GmbH holds all the Convertible Preference Shares and approximately 0.9% of the ordinary shares, making its total shareholding 70.9%.

Mackay Sugar hold a 25% interest in the Sugar Australia Joint Venture (SAJV), including Sugar Australia Pty Ltd, and New Zealand Sugar Company Ltd. Wilmar Sugar holds the remaining 75% stake in these refining businesses. Products from the three refineries, located at Mackay’s Racecourse mill, Yarraville in Victoria and Auckland in New Zealand, are marketed by Sugar Australia Pty Ltd and New Zealand Sugar Company Ltd.

Share Trading

Mackay Sugar Limited (Mackay Sugar) is an unlisted public company. Mackay Sugar’s shares are not listed on any licensed market or exchange. To provide shareholders with some liquidity for their shares, Mackay Sugar has received approval from the Australian Securities and Investments Commission (ASIC) to operate a low volume financial market under an exemption provided by section 791C of the Corporations Act 2001 and in accordance with the Corporations (Low Volume Financial Markets) Instrument 2016/888. It is important to note the following:

(a) the market is covered by an exemption under section 791C of the Corporations Act 2001;

b) Mackay Sugar is not licensed under Part 7.2 of the Corporations Act 2001; and

(c) Mackay Sugar is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that it is reasonably practicable to do so, to do all things necessary to ensure that the market is a fair, orderly and transparent market.

Mackay Sugar refers to its low volume financial market as the Share Trading Register.

No - the Share Trading Register has been established to give Mackay Sugar shareholders greater liquidity for their shares and identify prospective Buyers or Sellers.
Use of the Share Trading Register is governed by the terms of use.
Mackay Sugar will record the aggregate total volume and value of transactions conducted on the market to ensure that no more than 100 completed transactions with a total value (measured by sale price) of not more than $1.5 million, are entered into during any 12-month period. Therefore, if a transaction would cause either the total volume or value of all transactions entered into in any 12-month period to exceed either of those limits, Mackay Sugar may not approve the transaction or suspend the market to the start of the subsequent 12-month period. In such a case interested Sellers and Buyers would have the option of either waiting for the next 12-month period to commence or otherwise find a counter party themselves (i.e. a party that is not on the Register).
All share transactions are to comply with Mackay Sugar’s constitution available here.
The matching, negotiation and execution of any transaction that occurs will take place between the Buyer and Seller without any involvement from Mackay Sugar. Mackay Sugar will not be involved in any communications between the Buyer and Seller and will not under any circumstances handle money related to the transaction. Settled transactions will be processed once the executed Share Transfer Form and Declaration have been received by Mackay Sugar. Once the transaction has been processed, i.e. confirming that the transaction is in accordance with:
(a) Mackay Sugar’s Constitution; and
(b) the rules governing the operation of the Share Trading Register,
and the Mackay Sugar share register being updated, the Company Secretary will then update the register of Sellers and Buyers.
If you wish to participate in the Share Trading Register, whether as a Buyer or a Seller, the process for using the Share Trading Register is as follows:
(a) read the Terms of Use
(b) review the Register of Sellers and Buyers
(c) Register Your Interest in buying or selling Mackay Sugar shares on the Share Trading Register
(d) if you are a Buyer or a Seller, you may request that Mackay Sugar provides you with any details of any Seller or of any Buyer who appears on the Register. To request this information, contact the Company Secretary companysecretary@mkysugar.com.au; and
(e) complete the transaction, ensuring it is in accordance with Mackay Sugar’s constitution, and provide the Company Secretary with a completed Share Transfer Form and accompanying Declaration Form
If, once you have registered as a Buyer or Seller, you wish your entry to be removed from the Register, please advise the Company Secretary in writing.
If you have any questions in regard to the operation of the Share Trading Register or would like further information, please contact the Company Secretary via email to companysecretary@mkysugar.com.au