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NOUMI LIMITED — Capital/Financing Update 2015
Jun 1, 2015
65435_rns_2015-06-01_57281459-8108-4709-b529-17ba16fd04e2.pdf
Capital/Financing Update
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Freedom Foods Group Limited ABN 41 002 814 235 80 Box Road Taren Point NSW 2229
2[nd] June 2015
Company Announcements Office ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000
Freedom Foods Group Limited Completion of Acquisition of Land at Ingleburn, Sydney
Freedom Foods Group Limited (ASX:FNP) today announced it has completed the previously foreshadowed acquisition of land for its proposed new integrated Aseptic (UHT) production and logistics facility in south west Sydney.
The Company has acquired approximately 66,000 sq. metres of land at Ingleburn in South West Sydney. The acquisition price was $16.6 million (exclusive of stamp duty).
A new facility to be constructed on the land will provide for significant expansion in capacity and efficiency improvements as compared to current operations, including warehousing and logistics.
The Company has been granted local council approval for the proposed development, with construction of a 1[st] stage warehouse facility expected to commence in July 2015, with construction of the adjacent processing and filling facility commencing later in the 1[st] half of FY 2016.
The acquisition of land was funded through finance facilities and other assets, with long term financing secured at a funding rate of less than 5%.
For further information, please contact:
Rory J F Macleod Managing Director
Freedom Foods Group Limited
Tel: +61 2 9526 2555
Rick Willis M: +61 411 839 344 E: [email protected]