RFG ANNOUNCES SHARE PURCHASE PLAN

RFG ANNOUNCES SHARE PURCHASE PLAN

Retail Food Group (RFG) is now providing shareholders with the opportunity to purchase up to $15,000 worth of fully paid ordinary shares through its Share Purchase Plan (SPP).

The SPP was initiated to existing Australian and New Zealand shareholders of Australia’s largest multi-brand food franchisor, which owns brands including Donut King, Brumby’s Bakery and Pizza Capers Gourmet Kitchen.

It follows the company's announcement of a $53 million share placement.

The offer enables RFG shareholders, on the register before 30 October, to participate in equity raising at a price that is equal to the $4.30 issue price under the placement.

“The SPP is to raise approximately $7 million, with the proceeds from both that and the placement used to fund RFG’s organic growth strategies and acquisition opportunities,” says RFG chairman Colin Archer.

Applications into the offer opened today via BPAY or cheque and are to be received by 12 December this year.

The company is encouraging interested shareholders to investigate into the offer and consult their financial advisers as applications cannot be withdrawn or revoked.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Deliver on sustainable business promises with Modern Group’s WincovER rating
Partner Content
As a business owner, you’ll know that sustainability is a core part of developing...
Modern Group
Advertisement

Related Stories

Forrest snaps up renewable energy operator CWP Renewables

Forrest snaps up renewable energy operator CWP Renewables

Australian billionaire Andrew ‘Twiggy’ Forrest’s ...

Rideshare giant Uber books $21m penalty for misleading customers

Rideshare giant Uber books $21m penalty for misleading customers

US rideshare operator Uber has been slogged with $21 million in pec...

Autosports Group to acquire string of QLD car dealerships for $60m

Autosports Group to acquire string of QLD car dealerships for $60m

In a move to bolster its footprint on Australia’s east coast,...

Inflation set to drive pre-Christmas retail sales even higher to a record $66b

Inflation set to drive pre-Christmas retail sales even higher to a record $66b

Inflationary pressures are set to lift retail spending in the festi...