Shaw and Partners appointed as Joint Lead Manager to an equity capital raising by Retail Food Group News11 Oct 2019

Shaw and Partners is pleased to be appointed as Joint Lead Manager to the equity capital raising by Retail Food Group (ASX: RFG)

 

RFG is undertaking a conditional institutional placement of new securities to raise approximately $150 million. The placement is conditional on shareholder approval which will be sought at a General Meeting to be held around 19 November 2019.

 

RFG will also undertake a Security Purchase Plan (“SPP”) to provide eligible security holders in Australia with the opportunity to participate in subscribing for up to a maximum of $30,000 of additional new securities.

 

The offer price of $0.10 per security represents a 41.2% discount to the last traded price, a 42.0% discount to the 5-day VWAP and a 43.3% discount to the 15-dayVWAP.

 

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

 

For more information please contact your Shaw and Partners adviser.

 

About Retail Food Group

RFG is a global food and beverage company headquartered in Queensland, Australia. It is Australia’s largest multi-brand retail food franchise owner, a roaster and supplier of high-quality coffee products and an emerging leader in the foodservice, dairy processing and wholesale bakery sectors. The Company’s business is underpinned by four strategic growth drivers: Franchise, International, Coffee and Allied Beverage, and Commercial. Today, RFG’s network spans over 2,400 outlets across Australia and internationally and employs over 15,000 employees who make significant contributions to their local communities.

Related Articles
News04 Aug 2020 Strandline Resources readies placement; Shaw and Partners on ticket.
Mineral sands explorer Strandline Resources was expected to press go on a capital raising on Tuesday morning.   Street Talk understands the $105 million company – which has proje... Read More
News30 Jul 2020 Adore Beauty hires banks for $600m-plus sharemarket float
Adore Beauty has chosen investment banks Morgan Stanley and UBS to spearhead its run at the ASX boards, and tapped Shaw and Partners as a co-lead manager.   As Street Talk reveal... Read More
News28 Jul 2020 E-commerce meets buy now, pay later in $200m IPO hopeful Zebit
ASX-aspirant Zebit will look to harness the momentum that's built behind e-commerce and buy now, pay later stocks through the pandemic, when it starts its run at the local bourse i... Read More
News27 Jul 2020 Shaw and Partners welcomes Garry Giblett and Brent Becroft to our office in Perth
Shaw and Partners is delighted to welcome Senior Investment Advisers Garry Giblett and Brent Becroft to our office in Perth.   Both Garry and Brent join Shaw and Partners Limited... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%