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.
For more information please contact:
+61 2 9697 7008