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Sydney, Dec 14, 2007 AEST (ABN Newswire) - CommSec is offering the opportunity to invest in PrimeAg Australia Limited (PrimeAg, the Company). PrimeAg Australia Limited will own and operate quality Australian agricultural land and water entitlements with a view to produce income and long-term capital growth through the production of soft commodities.
PrimeAg is seeking to raise A$300 million through the issue of 150 million Shares at a price of A$2.00 each. Applications must be for a minimum of 1,000 (A$2,000) Shares and in increments of 250 Shares (A$500) thereafter.
CommSec is a Co-manager to the Offer and is inviting clients to apply for Shares in PrimeAg.
Investment Highlights
- Exposure to the growing global demand for soft commodities
- Agricultural commodity prices are not strongly correlated with Australian share prices on the ASX. This creates the opportunity for portfolio diversification.
- Geographic spread of properties over 1,200 km mitigates climatic risk.
- Price risk is mitigated through the production of a diverse range of commodities and having the ability to switch between these commodities in response to price movements or climatic changes.
- Production is further secured through the ownership of irrigation water entitlements.
- Economies of scale and innovative "Hub" structure makes PrimeAg a globally competitive low cost producer of agricultural commodities.
- An experienced Board and management team with the skills and vision to build a significant Australian agricultural company.
- Sustainability focus on efficient water use, efficient chemical use, reduced carbon emissions, efficient nitrogen use and increased carbon sequestration.
To find out more about this investment opportunity and download the Prospectus please visit http://www.commsec.com.au
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