The New Zealand Wine Company

FFW Announces Successful $10 Million Placement

Foley Family Wines Limited (FFW) announces that it has made a placement of 7,092,199 new fully paid ordinary shares, by way of an overnight bookbuild, to a small number of institutional investors at an issue price of $1.41 per share to raise a total of $10 million. The proceeds will be used to reduce debt associated with the Martinborough Vineyards acquisition and for new capital projects. Further details are provided in the attached presentation. 
First NZ Capital Securities Limited acted as lead manager and placement agent for the Placement.
Settlement and allotment of the new shares will be on Monday 30 June 2014.
With FFW’s increased capital and shareholder base, it now intends to pursue a move from the NZAX to the NZX Main Board in the short to medium term. Once the timing for that move is determined FFW will inform the market further.
For further information, please contact:
Mark TurnbullDirector
Mobile: 021 714 885
This announcement has been prepared for publication in New Zealand and may not be released or distributed in the United States. This announcement does not constitute an offer of securities for sale in the United States or any other jurisdiction. Any securities described in this announcement may not be offered or sold in the Untied States absent registration under the US Security Act of 1933 or an exemption from registration.