Majority supports Mr Chips issue

The company announced the capital raising in February, noting that it would allow up to 5.539 million new shares to be issued at $1.00 a share.

Mr Chips informed the market today of a shortfall of 375,702 ordinary shares, which will be taken up by the underwriters.

The capital raised is earmarked to enable the company to complete an expansion of processing facilities at its East Tamaki site in Auckland.

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