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.

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