Highlights
Catalano’s enters into a share subscription agreement with The Pure Meat & Food Co (PMFC).
PMFC will invest ~$2.2m in Catalano’s through the issue of 20,018,482 fully paid ordinary shares at an issue price of 11.0 cents per share to become a 19.9% shareholder in Catalano’s.
Subscription price of 11.0 cents per share represents a 13.4% premium to the last traded share price of 9.7 cents on 14 February 2023.