Business
Freedom Foods recap plan secured after options, notes approved – The Australian Financial Review
Freedom Foods chairman Genevieve Gregor has pulled off a highly complex recapitalisation, which has saved the company.
She looked to reassure investors that the right management is now in place to drive the group forward after a near-death experience.
Passing of the resolutions means the unlisted notes can be issued to Arrovest under the placement and to current and former directors, and other professional investors, under the wholesale offer and are capable of being converted into shares and will not be cash-settled.
We have dramatically improved governance and protocols, systems and processes.
Genevieve Gregor,…
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