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15 Oct 2016 (AFR) – Plenty of froth in Broo float – Beer underdog Kent Grogan achieves dream with Broo ASX listing

(15 October 2016, AFR, p20, by Simon Evans)

‘Kent Grogan, the executive chairman of Victorian brewer Broo Ltd, says he became quite emotional when the first trades happened in the underdog beer company on Friday on the Australian Securities Exchange.’ <snipped…>

‘Shares in Broo closed at 28¢ on Friday, well above the issue price of 20¢. Broo Ltd raised $10.5 million in a capital raising through the issue of 52.5 million new shares. Mr Grogan holds 68 per cent of Broo Ltd.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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