Bega Cheese shareholders approve placement

January 05, 2018

Bega Cheese shareholders have approved a share placement.

Bega Cheese shareholders have approved the institutional placement component of last year's $160 million capital raising, giving the food and dairy firm further scope to expand.

The company says 84.3 per cent of proxy votes were made in favour of the $122.5 million placement, which was followed by a $37.5 million share purchase plan.

The approval means Bega, which last year acquired brands including Vegemite, could now undertake further share placements to fund any growth opportunities it identifies.

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