ATM | NZ$10.750
A2M | AU$10.150
ATM Share Price
As at 2018-12-17 07:19:50
NZ$10.750
$0.000 / 0.000%
A2M Share Price
As at 2018-12-14 17:38:57
AU$10.150
$-0.500 / -4.690%
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a2 Milk™ Placement to AMP Capital Investors and Freedom Foods Group - The a2 Milk Company

Market announcements

a2 Milk™ Placement to AMP Capital Investors and Freedom Foods Group

December 20, 2010

A2 Corporation Limited (NZAX:ATM) is pleased to announce that it has entered into agreements with two cornerstone shareholders, AMP Capital Investors (New Zealand) Limited and Freedom Foods Group Limited (previously Freedom Nutritional Products Limited), to raise NZ$3.914 million. This capital will be used to support the establishment of A2 Corporation’s own milk processing facility in Australia.

AMP Capital Investors has agreed to provide NZ$3 million to A2 Corporation by subscribing for 30 million ordinary shares at NZ$0.10 per share.

Freedom Foods Group has chosen to exercise its capital raising right, allowing it to participate in the capital raising alongside AMP Capital Investors on the same terms. Under the capital raising right, Freedom Foods Group will subscribe for enough shares to maintain their current shareholding percentage, which is approximately 9.14 million shares.

A2 Corporation is delighted with the support from these two cornerstone shareholders.

ENDS

 

For more information please contact:

GH Babidge
Managing Director
+61 2 9697 7008

 

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