Rare Foods Director Bolsters Share Ownership

Rare Foods Australia Limited (AU:RFA) has released an update.

Rare Foods Australia Limited has announced a significant change in director Ignazio Ricciardi’s stake in the company. On April 17, 2024, Ricciardi increased his indirect holdings by acquiring 33,333,333 fully paid ordinary shares at a value of $1,000,000, bringing his total to 54,455,440 shares. The acquisition was part of a rights issue partial underwrite and did not occur during a closed period requiring prior written clearance.

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