A2 cornerstone shareholder Freedom Foods buys $589k of shares after dilution

Thu, 04 Sep 2014

By Paul McBeth Sept. 5 (BusinessDesk) - ASX-listed Freedom Foods Group bought almost one million shares of A2 Milk Co this week for about $589,000 after its stake was diluted in the past year due to the issue of partly-paid shares. The Sydney-based food company bought 942,500 shares in four transactions in A2 this week at an average price of about 62.5 cents, according to a substantial shareholder notice filed to the NZX. Freedom Foods holds about 117.9 million shares, or 17.9 percent of A2, leaving it as the biggest shareholder in the mi...

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