Completion of Institutional Offer

Select Harvests Limited (ASX:SHV) has successfully completed the institutional component of its equity raising, raising approximately $61.7 million. The proceeds will be used to repay debt, increase processing capacity, and cover associated transaction costs.

Executive Commentary

We are pleased with the strong support received from both existing and new shareholders, which enabled the successful completion of the institutional component of the equity raising. The funds raised will strengthen our financial position, allowing us to invest in increasing our processing capacity and further enhancing our operations.

Summary of Institutional Offer

Select Harvests (ASX:SHV) has completed the institutional component of its equity raising, raising approximately $61.7 million. The funds will be used to repay debt, increase processing capacity, and cover associated transaction costs. The retail component of the equity raising is expected to raise approximately $18.3 million, bringing the total size of the equity raising to approximately $80 million. The successful completion of the institutional offer reflects strong support from shareholders and will contribute to the company's strategic initiatives and operational enhancements.