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SELECT HARVESTS LIMITED — Capital/Financing Update 2014
Sep 29, 2014
65792_rns_2014-09-29_552b7575-4ce8-433b-80f8-8ec0d78f275a.pdf
Capital/Financing Update
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30 September 2014
Share Purchase Plan (“SPP”)
Select Harvests is pleased to advise that its SPP, announced to the market on 25 August 2014, received a strong response from shareholders with valid applications for approximately A$19.7 million received from approximately 1,595 shareholders. The issue date for the new shares is 30 September 2014, with issue statements to be sent to shareholders the same day.
Select Harvests has accepted all valid applications from Eligible Shareholders under the SPP dated August 2014 and confirms that the issue price for the SPP will be A$5.35 per share which is the same as that paid by institutions in Select Harvests’ recent institutional share placement. The terms of the SPP remain unchanged including the maximum application amount of A$15,000 per Eligible Shareholder.
The combination of the proceeds from the SPP and net proceeds from the Institutional placement has raised approximately A$66million. As part of the Company’s capital management plan, these funds will support the growth strategy including a contribution towards the funding of the recently announced Almond Orchard Acquisitions.
For further information, please contact:
Investors and Analysts
Paul Thompson, Managing Director +61 3 9474 3544 Paul Chambers, Chief Financial Officer +61 3 9474 3544 Andrew Angus, Investor Relations +61 402 823 757
This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.