The Chairman of Australia’s Oyster Coast Ltd, David Trebeck, has announced the release of the Company’s Prospectus.
Australia’s Oyster Coast Ltd was established to market quality oysters under a rigorous environmental management regime. The South Coast based company, which now has more than forty oyster growing businesses as suppliers, is hoping to further its objectives by raising up to $500,000 under the offer, with the issue of 500,000 shares at $1.00 per share.
Apart from aiming to produce a return on investment for shareholders, if successful, the Company’s activities will deliver broader benefits for the region, according to Chairman, David Trebeck.
“The Company is pursuing profitable outlets for oysters sourced from Australia’s Oyster Coast, in both export and domestic markets. This enables premium farm gate prices to be paid to grower shareholders. We continue to develop an oyster tourism trail to underpin the brand and to enhance visitor experiences within the Australia’s Oyster Coast region. And a priority is to further strengthen the environmental credentials of the oyster industry that sustains the livelihood of oyster growers across our region”, said Mr Trebeck.
According to the offer prospectus – lodged with the Australian Securities and Investments Commission on 15 December 2015 – the funds raised are intended to meet establishment costs, provide working capital, finance capital equipment needed for the Company to carry out its proposed activities, and give a prudent liquidity buffer until the Company’s start-up phase is completed and profits are generated.
“It’s a major milestone for the Company and for the oyster growers of the region in particular”, said Narooma oyster farmer, David Maidment. “Throughout 2015, the Company has made significant progress – markets have been researched, customers identified, supply chains established, export sales made, the Oyster Trail further developed, and additional estuaries granted export approval by the Australian Quarantine and Inspection Service”, said Mr Maidment. “Export is one of the best things we can do to grow our industry and secure it future. Oyster driven tourism is beginning to deliver visitors to the region, which is something I would never have imagined five or ten years ago. Australia’s Oyster Coast Ltd is providing us with our best opportunity to date and it’s exciting to be a part of it”, he said.
David Trebeck, who has been a non-executive director of ASX-listed companies since 1997, believes a commercial structure, involving oyster grower shareholders and non-grower shareholders alike, backed by a diverse and experienced Board, provides the vehicle to capture the Asian potential.
“The thriving economies in the Asian region, the rising income levels of their populations and their focus on luxury products are reasonably well known. Their fascination with the ‘story behind the product’ – the region, the environment and the people – is in step with global consumer trends. The Board believes that the Company is well placed to capitalise on these opportunities. Market testing by the Company in China, Hong Kong and Singapore demonstrates interest in Australia’s Oyster Coast Ltd and its products”, said Mr Trebeck.
The Company intends to target a range of potential investors including oyster growers and supply chain partners. However, David Trebeck urged those businesses or individuals with an interest in the region’s tourism and/or economic development to download a copy of the prospectus.
‘My fellow Board members and I are excited by the potential which Australia’s Oyster Coast Ltd has to pursue its objectives and should you choose to invest, we look forward to welcoming you as a shareholder”, said Mr Trebeck.
Download the Australia’s Oyster Coast Ltd Prospectus here
If you have any questions about this Prospectus or how to apply for Shares, you should seek advice from your stockbroker, solicitor, accountant, financial advisor or other independent professional advisor. Instructions on how to apply for Shares are set out in Section 8 of this Prospectus. Alternatively, please contact Ms Alex McLeod, c/- Anthony Curtis and Co on (02) 6288 1788 from 9.00 am until 5.00 pm (Australian Eastern Standard Time) Monday to Friday (business days only).
Australia’s Oyster Coast Chairman, David Trebeck, at Wagonga Inlet