Royal Hawaiian Orchards L.P. Completes Rights Offering
15 Febbraio 2014 - 1:42AM
Marketwired
Royal Hawaiian Orchards L.P. Completes Rights Offering
HILO, HI--(Marketwired - Feb 14, 2014) - Royal Hawaiian
Orchards, L.P. (the "Partnership) (OTCQX: NNUTU), has successfully
completed its rights offering, which closed at 5:00 p.m., Eastern
Time, on February 6, 2014. The rights offering allowed
existing unit holders of the Partnership to purchase an aggregate
of 3.6 million Depositary Units of the Partnership's Class A units
at $2.55 per Depositary Unit.
The rights offering was fully subscribed and raised gross
proceeds of $9.18 million. The rights offering resulted in the
issuance of 3.6 million units of the Partnership's Class A units
and, following such issuance, the Partnership expects to have 11.1
million Class A units outstanding. The rights offering was
oversubscribed. Any excess subscription payments received by
the subscription agent will be returned, without interest, as soon
as practicable.
This press release may contain forward-looking
statements. These forward-looking statements are subject to
the inherent uncertainties in predicting future results and
conditions. The Partnership undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
The Partnership is one of the leading growers and processors of
macadamia nuts in the world, processing and marketing macadamia
nuts in-shell, in bulk kernel form and as better for you
snack products marketed under the Royal Hawaiian Orchards® brand
name.
Contact: Scott Wallace President Telephone: (949) 661-6304
Grafico Azioni Hawaiian Macadamia Nut O... (GM) (USOTC:NNUTU)
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Grafico Azioni Hawaiian Macadamia Nut O... (GM) (USOTC:NNUTU)
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