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The a2 Milk Company announces successful completion  of NZ$40 million Placement - The a2 Milk Company

Market announcements

The a2 Milk Company announces successful completion of NZ$40 million Placement

October 9, 2015


NZX/ASX Market Release


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.



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

To view the initial announcement for capital raising click here


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