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Freedom Foods Group Announces Regarding Equity Raising

23 May 2019  |  10:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FNP Equity Raising Launch

Freedom Foods Group announced a $130m equity raising (Equity Raising) comprising a pro rata accelerated non-renounceable entitlement offer (Entitlement Offer) of 1 FPO share in the Company (New Shares) for every existing 18 Company shares held on 27 May 2019 by eligible shareholders at an offer price of $4.80 per New Share (Offer Price) to raise $65m. The Offer Price represents a 5.5% discount to the volume weighted average share price of the Company over the past 20 trading days.

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