Farm Pride Foods Announces Major Securities Issue

Farm Pride Foods Limited (AU:FRM) has released an update.

Farm Pride Foods Limited, identified by ASX issuer code FRM, has announced a proposed issue of 9,150,000 ordinary fully paid securities scheduled for the 27th of November, 2024. This move aims to raise capital through a placement or other type of issue as part of the company’s growth strategy. Financial market enthusiasts will closely watch the performance of FRM’s stock as this significant issuance could impact the company’s market value.

For further insights into AU:FRM stock, check out TipRanks’ Stock Analysis page.