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Freedom Foods recap plan secured after options, notes approved

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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Freedom Food Group’s shareholders approved all 13 resolutions at an extraordinary meeting in Sydney on Tuesday, putting the final piece of restructuring in place after a horror year.

The company has almost completed its $265 million capital raising via an unlisted convertible note issued at $1 a share after shareholders also voted on the issue of options under the recapitalisation plan.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/manufacturing/freedom-foods-recap-plan-secured-after-options-notes-approved-20210525-p57uwu