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Freedom Foods recap plan secured after options, notes approved

Carrie LaFrenz

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