A2 Milk Company announces equity raising

Company News

a2 Milk Company Limited (ASX:A2M) has announced an equity raising of NZ$40 million via a fully-underwritten placement to eligible investors.
 
The new capital raised will be applied to support a2 Milk Company’s continued growth in Australia and New Zealand, particularly the significant growth in infant formula across these regions and China.
 
The placement will commence today. Shares will be offered to institutional investors in New Zealand, Australia and other selected international jurisdictions. 
 
Shares in a2 Milk Company are currently in a trading halt, related to the announcement.
 
a2 Milk Company reported a net loss of $1.85 million in FY15.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?