RFG ANNOUNCES SHARE PURCHASE PLAN

Written on the 21 November 2013

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interested shareholders to investigate into the offer and consult their financial advisers as applications cannot be withdrawn or revoked.


Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter