Brief: Noumi Gets Binding Commitments From Noteholders For A$26 Mln

Noumi

21/02/2022 22:22

Feb 22 (Reuters) - Noumi Ltd  NOU.AX :
    * CAPITAL MANAGEMENT PLANS UPDATE
    * GOT BINDING COMMITMENTS FROM SEVERAL INSTITUTIONAL
CONVERTIBLE
NOTEHOLDERS TO ADVANCE A$26 MILLION VIA SHORT-TERM BRIDGING
FACILITY
    * TO USE PROCEEDS TO TO PAY UPFRONT PAYMENT OF $17 MILLION
TO BLUE
DIAMOND GROWERS IN CONNECTION WITH BLUE DIAMOND SETTLEMENT,
AMONG OTHERS
    * TO DIVEST ALL OF ITS SHARES IN AUSTRALIA FRESH MILK
HOLDINGS
    * DIVESTMENT OF AFMH SHARES SUPPORTED BY UNDERWRITING OFFER
FROM
LEPPINGTON PASTORAL INVESTMENTS TO BUY SHARES FOR AT LEAST A$25
MILLION

Source text for Eikon:  ID:nASXd5kGK 
Further company coverage:  NOU.AX 

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