Australia's Wide Open Agriculture jumps on distribution deal with UK's Inga

Wide Open Agriculture

30/11/2023 03:26

** Shares of Wide Open Agriculture Ltd  WOA.AX  rise as much
as 19.4% to A$0.185, their biggest intraday pct gain since Oct.
24 
    ** Stock at its highest since Nov. 14 
    ** Plant-based food producer says unit has signed a
non-binding term sheet outlining a distribution and investment
agreement with UK-based Inga Group
    ** Adds, Inga will become the exclusive distributor of WOA's
portfolio of lupin-based proteins in Europe
    ** Inga to invest 500,000 euros ($548,650.00) in WOA's
German unit for capability expansion
    ** WOA set to end 2.9% higher this month
    ** Stock has fallen 18.4% this year, as of last close


($1 = 0.9113 euros)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))