Moa signals $15m IPO to fuel growth

Moa Group Limited is considering options to raise additional capital.

The owner of Marlborough-based Moa Brewing Company Limited needs a bigger brewery to meet growing demand and greater funding to support increased working capital and marketing support.

Moa Brewing Company was founded in 2004 and sells its range in New Zealand, Australia and the United States.
The company is considering making an offer of ordinary shares to the New Zealand public, institutions and existing shareholders The Business Bakery, Pioneer Capital, Allan Scott Wines and Moa senior management.

The proposed offer would take place in late October this year with the aim of raising in the order of $15 million. It would be conditional on NZX Limited accepting Moa's shares for listing. It is intended there will be a small provision for over subscriptions.

Joint Lead Managers appointed for the offer are Craigs Investment Partners and Forsyth Barr.

People wishing to pre register and receive further information, without any obligation, can do so at www.ownabrewery.co.nz from today through to Tuesday 9 October.

No money is currently being sought and no applications for securities will be accepted or money received unless the subscriber has received an investment statement. Indications of interest do not involve an obligation or signal a commitment of any kind.