The New Zealand Wine Company

FFW Share Issue to Repay MVEL Loans

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
506,036
c
Nominal value
N/A
 
Issue price
$1.40 per share ($708,450.40 in aggregate).
d
Payment in cash
Subscription in cash.
e
Amount paid up
Fully paid up ordinary shares.
f
Percentage of class of securities
0.98% of the ordinary shares on issue prior to the allotment and 0.97% of the ordinary shares on issue after the allotment.
g
Reason for issue
Issue of ordinary shares to effect the repayment of loans made to FFW’s new subsidiary, Martinborough Vineyard Estates Limited.
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
52,159,047
k
Treasury stock
N/A
l
Date of issue
30 June 2014.
 
 
 
Yours faithfully,
 
Mark Turnbull
CEO and Director
Foley Family Wines Limited