ATM
09/10/2015 09:14
PLACE
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REL: 0914 HRS The a2 Milk Company Limited
PLACE: ATM: Successful Completion of NZ$40 million Placement
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
October 9, 2015
NZX/ASX Market Release
The a2 Milk Company announces successful completion
of NZ$40 million Placement
The a2 Milk Company Limited ("a2MC" or "the Company") is pleased to announce
the successful completion of the NZ$40 million underwritten placement ("the
Placement") launched yesterday. The Placement of 58.8 million new fully paid
ordinary shares was oversubscribed at a price of NZ$0.68 per share.
The New Shares will be allotted and commence trading on the NZX Main Board
and the ASX on Thursday 15 October 2015 and will rank equally with existing
a2MC fully paid ordinary shares on issue.
The Company is planning to raise up to a further NZ$3 million through a Share
Purchase Plan ("SPP") under which the price payable for shares will be
NZ$0.68, the same as the price paid by investors participating in the
Placement. The SPP will be offered to shareholders with a registered address
in Australia or New Zealand who were registered as shareholders at 7:00pm
(NZT) on Wednesday 7 October.
Further details in relation to the SPP will be provided to shareholders in
due course.
Commenting on the placement, a2MC Managing Director and Chief Executive
Officer, Geoffrey Babidge, said "The capital raising is an important step in
strengthening the Company's balance sheet, and will provide flexibility to
execute on opportunities consistent with our growth strategy."
a2MC Chairman, David Hearn, added "We are delighted with the level of support
from our existing shareholders and wish to welcome a number of new investors
onto the a2MC register. We look forward to extending an offer to
shareholders in New Zealand and Australia through the Share Purchase Plan."
Goldman Sachs New Zealand Limited acted as sole lead manager, placement
agent, bookrunner and underwriter of the Placement.
Disclaimer
Goldman Sachs New Zealand Limited is acting exclusively for the Company and
no other person in connection with the Placement. No representation or
warranty, express or implied, is made by Goldman Sachs New Zealand Limited,
its affiliates or any of their respective directors, partners, officers,
employees or representatives (together "Goldman Sachs") about any of the
contents of this announcement and, without limiting the statutory rights of
any person to whom this announcement is issued, no liability whatsoever is
accepted by Goldman Sachs for the accuracy of any information or opinions
contained in this announcement or for the omission of any material
information.
For further information contact:
The a2 Milk Company Limited
Geoffrey Babidge
Managing Director and CEO
+61 2 9697 7000
End CA:00271517 For:ATM Type:PLACE Time:2015-10-09 09:14:08
