Offer Information
The online offer provides a summary of the information provided by the company. More detailed information is available to download via the 'Offer' tab. The 'Offer' tab also provides access to additional information on the company that may be useful to investors as part of their due diligence process.
If you have any questions regarding the offer, please contact [email protected]
For regulatory reasons, this offer is only available to wholesale investors.
Offer Summary
Little Island is a leading New Zealand plant-based food manufacturer, producing a range of dairy-free products. The company's vision is to challenge the traditional dairy market and to become part of the daily family diet by creating delicious products from the best plant-based ingredients.
Little Island’s Board has been investigating a variety of funding options to support its future strategy, and in the short term, requires an injection of new funds to support this year’s plan. Accordingly, the Board is offering Wholesale qualified investors an opportunity to invest in a Convertible Loan on the terms set out on the 'Offer' tab. The pricing and structure of the loan is designed to be attractive and work with the other funding activities we are investigating. The Company is seeking to raise $500,000 in this offer, with $250,000 already committed to, or underwritten, by parties associated with the Directors and major shareholders. The Board will consider oversubscription.
Alongside this offer, Little Island has appointed a corporate advisory firm, Three Sixty Capital Partners to seek a strategic investor for the business. This opportunity was taken to the market last week and we are working through initial responses. The positioning of this offer is that Little Island has a strong brand in an exciting category, but its financial performance is hampered with the low margins it generates in the milk and yoghurt ranges. Accordingly, the ideal partner would be an entity that can support these areas of our business or help open export opportunities. The Information Memorandum for that offer outlines the current position of the business and future strategy and can be downloaded from the 'Offer' tab.
The Company recently hosted a webinar for shareholders and wholesale investors interested
in the Convertible Loan. The Webinar was attended by Christian Holden (General Manager), Wade Gillooly (new Chair) and Matt McKendry (past Chair) and provided investors with an opportunity to hear about the current strategy and to ask any questions.
Watch a recording of the webinar below.
Warning statement
It's crucial for you to understand the characteristics and risks of this investment opportunity. New Zealand law normally requires people who offer financial products to provide in-depth information to investors before they invest. The usual rules do not apply to offers by companies through Snowball Effect. As a result, you may not be given all the information you need to make an informed decision. Investing is risky. Some of the key risks include loss of capital, illiquidity, lack of returns, dilution, loss of key people and customers, and lack of control. You should only invest money that you can afford to lose.