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interested shareholders to investigate into the offer and consult their financial advisers as applications cannot be withdrawn or revoked.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