Brief: Seafarms Group Says Nissui To Invest A$24.99 Mln In Co

Nissui

23/05/2018 02:40

May 23 (Reuters) - Seafarms Group  SFG.AX :
    * FINALISED AGREEMENT WITH NIPPON SUISAN KAISHA THAT
INCLUDES
A$24.99 MILLION EQUITY INVESTMENT IN SEAFARMS
    * NISSUI WILL SUBSCRIBE FOR ABOUT 249.87 MILLION FULLY PAID
ORDINARY SHARES IN SEAFARMS
    * TOTAL ISSUE PRICE FOR SFG ORDINARY SHARES WILL BE $24.98
MILLION
AT A$0.10 PER SHARE
    * NISSUI WILL RECEIVE ABOUT 28.4 MILLION NEW LISTED OPTIONS
ON
SAME TERMS, & ABOUT 5.3 MILLION NEW UNLISTED OPTIONS AT EXERCISE
PRICE OF $0.065

Source text for Eikon:  ID:nASXbTnzCx 
Further company coverage:  SFG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))