FBG Fibregen

RNS Number:9395F
Foster's Brewing Group Ld
27 June 2001


           FOSTER'S RAISES $350 MILLION IN GLOBAL PLACEMENT
                AND ANNOUNCES SHAREHOLDER PURCHASE PLAN

Melbourne, Australia: Wednesday, 27 June, 2001: Foster's Brewing Group Limited
today announced it had raised $350 million via a placement of approximately 66.7
million fully paid ordinary shares to local and offshore institutions at $5.25
per share. The price represents a 3% discount on the closing price of Foster's
Group shares on 26 June 2001.

The placement was completed by a global overnight bookbuild.

Foster's President and CEO, Mr Ted Kunkel, said; "We are very pleased with the
response from investors. This is a strong result which underscores Foster's
global attraction as a first-class investment destination."

"In driving the business to maximise returns, Foster's is committed to efficient
capital management. The purpose of the fund raising is to provide added
flexibility to take advantage of opportunities that may arise, which can add
value to the core businesses.

Foster's also announced that all Australian and New Zealand shareholders would
be given an opportunity to take up shares at the placement price through a Share
Purchase Plan.

Under the Share Purchase Plan all Foster's shareholders will be able to
subscribe for up to $3,000 worth of ordinary shares at the placement price of
$5.25, without incurring brokerage or stamp duty.

"This gives all our shareholders, and particularly our loyal smaller investors,
the opportunity to participate in the equity raising at the same price as
institutions, without incurring any charges," Mr Kunkel said.

The date for determining entitlements to receive an offer under the Plan is
Friday, 29 June 2001, with the Plan presently only to be conducted in 2001. The
maximum number of shares that could be issued under the Plan if all holders
accept their entitlement in full is approximately 95.3 million shares. 
Shareholder approval is not required for the Plan. The shares issued will rank
equally with all other ordinary shares.

Any additional funds raised under the Plan will be used for the same purpose as
the funds raised under the placement.

Full details of the Share Purchase Plan will be set out in documentation which
will shortly be sent to shareholders.

Further information:

Media
Nicole Devlin                           Investor Relations
+613 9633 2261                          Domenic Panaccio
0418 202 375                            +613 9633 2773
                                        0418 243 714
  

Fibregen (LSE:FBG)
Historical Stock Chart
From May 2024 to Jun 2024

Fibregen (LSE:FBG)
Historical Stock Chart
From Jun 2023 to Jun 2024