Tomorrow (August 11), Cobram Estate Olives Limited (CBO) will be listed on the Australian Securities Exchange (ASX).
This is an opportunity for people, whether they're interested in award-winning food brands, sustainable farming, or seeing their investments grow, to invest in an Australian-owned and grown company.
Chairman and Co-Founder Rob McGavin says they have become leaders in the Australian olive oil industry since he and Paul Riordan founded the company in 1998.
“Today we planted more than 2.4 million olive trees in Victoria and we estimate that this year we will produce 71% of the Australian olive oil harvest.
“Previously, the company's stock has been owned by founding shareholders like me and Paul, family, friends, friends of friends and co-workers, many of whom have been investors for more than 20 years.
"With over 850 existing shareholders, being listed on the ASX is a natural step forward that will provide our investors with better liquidity," says McGavin.
The company will continue its tradition of offering shareholders the first access to limited-edition olive oil of the highest quality such as "First Harvest" at shareholder prices.
A prospectus in support of the company's listing that does not involve raising or disposing of capital is available on the company's website at cobramestateolives.com.au.
Mr. McGavin continues, “In addition to providing the company with a liquid market for the company's stock and additional financial flexibility to access capital markets and pursue growth opportunities, the listing also provides the company with an opportunity to provide eligible employees with a gift offer from 500. to reward shares in recognition of their incredible contribution over many years. "
Rob and Paul
The company's success is believed to be attributed to its fully integrated business model, which uses a “tree-to-table” approach in which Cobram Estate Olives manages all aspects of the olive life cycle to ensure that each bottle is of high standards.
The company also owns three olive mills and two bottling and storage facilities where it produces oil for its Cobram Estate and Red Island brands.
Sustainability & growth
“We are committed to running our business in an environmentally friendly way and are working to make our olive groves waste free,” explains Mr. McGavin.
“The company is well positioned for future growth. From 2017 to 2021, the company invested over $ 200 million in operating expenses and investments to support its medium- and long-term growth strategies, including expanding its vertically integrated business in the United States.
"Over the next 10 years, our fully productive Australian groves will grow another 3,000 hectares, mostly from trees that have already been planted."
Interested investors should speak to their brokers or look out for Cobram Estate Olives (ASX code: CBO) on the ASX on August 11, 2021 from 11 a.m.