Farm Pride Foods Limited (AU:FRM) has released an update.
Farm Pride Foods Ltd has launched a Rights Issue to raise approximately $6.17 million by offering eligible shareholders the chance to purchase three new shares for every seven held, at $0.10 each. This initiative, which is underwritten by Willow Heights Pty Ltd, allows shareholders from select jurisdictions to partake until 2 August 2024, and even apply for additional shares beyond their entitlement from any potential shortfall. Farm Pride is an ASX listed company known for its cage-free eggs and sustainable practices, including the manufacturing of egg cartons from recycled materials.
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