Australian Dairy Nutritionals Limited (AHF), a vertically integrated Australian dairy group that owns high-quality organic and organic A2 protein dairy farms and a processing facility, has announced an equity raise through a controversial non-renewable entitlement offer. The Company intends to raise approximately $3,468,835 through an offering of fully paid common shares. The funds raised are intended to improve processing efficiency, implement the company’s growth plans in China and fund general working capital purposes.
The rights offer will be available to eligible shareholders, allowing them to subscribe for one new share for every six existing shares held on 30 January 2026 at 7:00pm (AEDT). The offer price is fixed at `0.028 per share. This price represents a 3.7% premium to the last traded price on January 21, 2026, a 1.4% discount to the 15-day VWAP, and a 9% discount to the 30-day VWAP, both calculated on January 21, 2026.
According to executive chairman Peter Nathan, the board preferred to present the opportunity to existing shareholders before considering external capital. Entitlements are non-renewable and will not be tradable. Shareholders who do not take their entitlements will not receive any value for those entitlements. This offer is extended to shareholders with a registered address in Australia, New Zealand, Hong Kong, or China.
The entitlement offer also includes a top-up facility, which allows eligible shareholders who take up their full entitlement to apply for additional shares from their pool that are not taken up by others. If no new shares are taken up, the Board reserves the right to allot such shares at its discretion within three months from the closing date. The offer prospectus, containing further details, will be circulated to eligible shareholders on February 4, 2026.
Post Comments: 1
