The New Zealand Wine Company

FFW Share Issue re Placement

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
7,092,199
c
Nominal value (if any)
N/A
 
Issue price
$1.41 per share, total consideration $10 million
d
Payment in cash
Yes
e
Amount paid up
Fully paid up ordinary shares
f
Percentage of class of securities
16.35% of the ordinary shares on issue prior to the allotment and 14.05% of the ordinary shares on issue after the allotment
g
Reason for issue
Placement.  Proceeds will be used to reduce debt associated with the Martinborough Vineyards acquisition and for new capital projects
h
Authority for issue
Resolution of the board
i
Details of the issue
N/A
j
Total number of securities of the class in existence after the issue
50,478,194
k
Treasury stock
N/A
l
Date of issue
30 June 2014
 
 
Yours faithfully,
 
 
 
Mark Turnbull
CEO and Director
Foley Family Wines Limited