Viterra Inc.

Viterra Inc.

November 30, 2009 19:49 ET

Viterra Provides Update on Issued and Outstanding Chess Depository Interests (CDIs)

ADELAIDE, AUSTRALIA--(Marketwire - Nov. 30, 2009) - Viterra Inc. (TSX:VT) (ASX:VTA) has been advised by its transfer agent in Australia, Computershare Investor Services Pty Limited, that as of November 30, 2009, 32,988,088 CDIs remain issued and outstanding on the Australia Securities Exchange (ASX), which represents approximately 9% of the Company's 371.6 million total issued and outstanding shares.

On September 23, 2009, Viterra issued 68,629,939 CDIs to CHESS Depository Nominees Pty Ltd (CDN) on behalf of ABB Grain Ltd (ABB) shareholders, as partial consideration for their ABB shares. In September, Viterra acquired ABB, a leading agri-business in Australia and New Zealand via a shareholder-approved Scheme of Arrangement. Viterra purchased all of the issued and outstanding ABB shares for a mixture of cash and scrip on September 23, 2009.

Since that date, a number of CDI holders have converted their Australian-listed CDI holdings to Viterra shares, which trade on the Toronto Stock Exchange (TSX) under the stock symbol VT. Viterra currently has approximately 15,000 CDI holders.

CDIs are units of beneficial ownership of Viterra shares held and registered with a depository clearing house in Australia. CDIs can be bought or sold on the Australian exchange and are convertible at any time into Viterra common shares.

Viterra intends to provide quarterly updates regarding its issued and outstanding securities within the Liquidity and Capital Resources section of its Management's Discussion and Analysis which is publicly released and filed with Canadian regulators quarterly and subsequently lodged with the ASX.

About Viterra

Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra's Southeast Asian operations. Our growing international presence also extends to operations in the United States, offices in Japan, Singapore, China, Switzerland and India. Driven by an entrepreneurial spirit we operate in five interrelated business areas: grain handling and marketing, agri-products, food processing, feed products and financial services. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810