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- Release Date: 30/11/12 12:29
- Summary: ALLOT: FSF: FSF MANAGER ANNOUNCES COMMENCEMENT OF TRADING OF UNITS
- Price Sensitive: No
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FSF
30/11/2012 10:29
ALLOT
REL: 1029 HRS Fonterra Shareholders' Fund (NS)
ALLOT: FSF: FSF MANAGER ANNOUNCES COMMENCEMENT OF TRADING OF UNITS
FSF MANAGER ANNOUNCES COMMENCEMENT OF TRADING OF UNITS IN THE FONTERRA
SHAREHOLDERS' FUND
FSF Management Company Limited ("FSF Manager") is pleased to announce the
successful allotment of Units in the Fonterra Shareholders' Fund ("FSF").
A total of 95,454,545 units have been issued for total consideration of $525
million.
The offer of Units in the FSF consisted of a Broker Firm Offer (to New
Zealand resident clients of NZX Firms), an Institutional Offer (to
institutional investors in New Zealand, Australia and certain other
countries) and a Stakeholder Offer (to "Friends of Fonterra" in New Zealand
and Australia and to Australian supplying shareholders).
The FSF is a unit trust through which outside investors may access the
economic benefits of Co-operative Shares issued by Fonterra Co-operative
Group Limited.
The FSF is part of Fonterra's Trading Among Farmers programme. It is
designed to support the trading of Fonterra Shares between Fonterra's farmer
shareholders on the private Fonterra Shareholders' Market.
Trading in FSF Units will commence on the NZX Main Board at 12pm (NZT) today,
followed by trading commencing on the ASX at 2pm (NZT) (on a deferred
settlement basis for ASX). Units will be traded on both markets under the
ticker code "FSF".
After the trading of Units commences on the NZX Main Board, the FSF is
expected to have a market capitalisation of approximately NZ$525 million
based on the offer price of NZ$5.50 per Unit.
End CA:00230480 For:FSF Type:ALLOT Time:2012-11-30 10:29:48
