- Release Date: 28/04/15 12:55
- Summary: GENERAL: ALF: Allied Farmers capital raising
- Price Sensitive: No
- Download Document 1.81KB
ALF 28/04/2015 12:55 GENERAL PRICE SENSITIVE REL: 1255 HRS Allied Farmers Limited GENERAL: ALF: Allied Farmers capital raising 28 April 2015 Allied Farmers announces capital raising and Appendix 7 Allied Farmers (Allied Farmers, NZX: ALF) today has announced that it is seeking to raise additional capital by way of: - an offer of ordinary shares in a private placement, indicatively expected to raise $200,000 to $300,000; - an offer of ordinary shares to all shareholders under a partially underwritten share purchase plan to raise a maximum of $1,000,000; and - subsequent to and depending on the success of the share purchase plan, an offer of ordinary shares in a private placement of a maximum of $500,000. All shares will be issued at 5 cents ($0.05) per share, which represents a discount of 10 percent from the volume weighted average trading price of the shares measured over the 20 trading day period prior to 24 April 2015 of 5.5 cents ($0.055) per share. Allied Farmers will deploy this new capital to partially retire secured debt and to assist with working capital requirements. The actual amount raised in these offers will depend on market conditions, uptake in the share purchase plan, and the success of Allied Farmers' private placement efforts. Allied Farmers will not issue shares to raise more than $1.2 million, and the actual amount raised could be substantially less. The share purchase plan documentation will be distributed to shareholders on or before 14 May 2015. Fraters Group Limited has agreed to act as a partial underwriter of the share purchase plan. All new shares issued by way of the private placement(s) and share purchase plan will rank equally with existing Allied Farmers ordinary shares currently on issue. Garry Bluett Chairman End CA:00263608 For:ALF Type:GENERAL Time:2015-04-28 12:55:03
- Forums
- NZX - By Stock
- ALF
- Ann: GENERAL: ALF: Allied Farmers capital raising
Ann: GENERAL: ALF: Allied Farmers capital raising
Featured News
Add ALF (NZSX) to my watchlist
(20min delay)
|
|||||
Last
79.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
79.0¢ | 79.0¢ | 78.0¢ | $781 | 991 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 4198 | 73.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 1661 | 0 |
Last trade - 07.46am 03/10/2024 (20 minute delay) ? |
Featured News
ALF (NZSX) Chart |