Duxton Farms Unveils $298M Merger and $4M Placement to Boost Scale and Diversification

• Proposed merger to acquire four private agricultural companies across dried fruits, orchards, apiary, and walnuts
• Merger to create a $298 million gross asset agricultural entity with 180,000 hectares and 32,000 ML water entitlements
• Fully underwritten $4 million institutional placement at $1.25 per share with major shareholders committed
• 85% franked special dividend of $0.24 per share announced following recent asset divestment