The New Zealand Wine Company

FFW Share Issue re MVEL Compulsory Acquisition

24 July 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
13,806
c
Nominal value
N/A
 
Issue price
The ordinary shares were issued as scrip consideration pursuant to FFW’s acquisition notice dated 8 July 2014 (the Compulsory Acquisition Notice) for the compulsory acquisition of the remaining shares in Martinborough Vineyard Estates Limited (MVEL) not acquired under its full takeover offer in respect of MVEL dated 26 May 2014, 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
0.026% of the ordinary shares on issue prior to the allotment and 0.026% of the ordinary shares on issue after the allotment.
g
Reason for issue
Issue of ordinary shares pursuant to the Compulsory Acquisition Notice in respect of transfer forms received from 17 July 2014 to 23 July 2014.
h
Authority for issue
Resolution of the board, dated 11 July 2014.
i
Details of the issue
N/A
j
Total number of securities of the class in existence after the issue
52,179,459
k
Treasury stock
N/A
l
Date of issue
24 July 2014.
 
Yours faithfully,
Mark Turnbull
CEO and Director
Foley Family Wines Limited