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- Release Date: 06/12/12 19:27
- Summary: GENERAL: ATM: Completion of equity raising & listing to NZX Main Board
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ATM
06/12/2012 17:27
GENERAL
REL: 1727 HRS A2 Corporation Limited
GENERAL: ATM: Completion of equity raising & listing to NZX Main Board
Completion of equity raising and change of listing to the NZX Main Board
MARKET UPDATE
Following its announcement on 5 December 2012, A2 Corporation Limited ("A2C"
or the "Company") is today pleased to announce the successful completion of
the equity raising. Trading of existing shares in the Company on the NZX Main
Board will commence on 7December 2012.
The equity raising experienced significant demand from new and existing
investors and comprised the issue of NZ$20 million in new shares by the
Company and a partial sell-down by the Company's three largest shareholders
of a total of NZ$70 million existing shares at NZ$0.50 per share. Shares
issued as part of the equity raising will begin trading on the NZX Main Board
on 11 December 2012.
A2C's Managing Director Geoffrey Babidge said the equity raising and change
of listing would position the Company to accelerate the global growth
initiatives outlined in the recently announced strategic review and provide
additional liquidity.
"We are delighted with the level of support shown by new and existing
investors. We now look forward to accelerating the Company's next phase of
growth with our new shareholder base", he said.
For further information contact:
Geoffrey Babidge
Managing Director
A2 Corporation Limited
+61 2 96977008
A2 Corporation Limited
A2C is a differentiated, premium-priced dairy company which is building a
global business based on unique intellectual property relating to a2(TM)
brand milk and related products.
A2C has operations in Australia, New Zealand, the UK and China and is
pursuing growth opportunities in Asia, North America & Europe.
End CA:00230802 For:ATM Type:GENERAL Time:2012-12-06 17:27:26
