Maggie Beer Holdings Secures AU$3 Million via Share Placement, Launches AU$2 Million Rights Issue

MT Newswires Live

2025/10/22

Maggie Beer Holdings (ASX:MBH) secured about AU$3 million through the placement of 53.1 million new shares to Frisden at AU$0.056 each, priced at a 10% discount to the 30-day volume-weighted average price, according to a Wednesday Australian bourse filing.

The placement aims to strengthen the company's balance sheet and increase working capital to support its growth, per the filing.

The company also plans a non-underwritten, non-renounceable rights issue to raise up to AU$2 million at the same price, with details to be released in November, the filing added.

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