The New Zealand Wine Company

FFW Share Issue re Martinborough Vineyard Estates Ltd Takeover

30 June 2014
 
NOTIFICATION OF ALLOTMENT OF SECURITIES – ORDINARY SHARES
 
For the purposes of Listing Rule 7.11.1 of the NZAX Listing Rules, Foley Family Wines Limited (FFW)advises that the following securities have been issued:
 
a
Class of security
Ordinary shares.
 
ISIN
NZDILE0001S9
b
Number issued
1,174,817
c
Nominal value
N/A
 
Issue price
The ordinary shares were issued as scrip consideration under FFW’s full takeover offer for all the shares in Martinborough Vineyard Estates Limited (MVEL), at a ratio of 1 FFW ordinary share for every 27.95 MVEL ordinary shares.
d
Payment in cash
Shares issued in exchange for MVEL shares.
e
Amount paid up
Fully paid up ordinary shares.
f
Percentage of class of securities
2.33% of the ordinary shares on issue prior to the allotment and 2.27% of the ordinary shares on issue after the allotment.
g
Reason for issue
Issue of ordinary shares further to FFW’s full takeover offer for all of the shares in MVEL, dated 26 May 2014.
h
Authority for issue
Resolution of the board, dated 8 May 2014.
i
Details of the issue
N/A
j
Total number of securities of the class in existence after the issue
51,653,011
k
Treasury stock
N/A
l
Date of issue
30 June 2014.
 
Yours faithfully,
 
Mark Turnbull
CEO and Director
Foley Family Wines Limited