Amatheon Agri Holding N.V.: Amatheon Agri completes capital increase of EUR 10 million
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Amatheon Agri completes capital increase of EUR 10 million
Amatheon Agri Holding N.V. (the "Company" or "Amatheon"), the Euronext listed agribusiness and farming group, announces that it has successfully raised EUR 10 million in equity through the issue of new shares (the "Transaction"). This increases the Company's share capital by 24 per cent.
At an extraordinary general meeting of shareholders of the Company held on 27 December 2012 the general meeting of the Company resolved to transfer the authority to the Management Board to, subject to approval of the Supervisory Board of the Company, (i) issue new shares in the capital of the Company (the New Shares and each a New Share) up to 30% of the entire issued share capital of the Company on a fully diluted basis (the Share Issue); and (ii) exclude or limit pre-emptive rights of the Company's existing shareholders in connection to the Share Issue and which authorities were granted for a period of five years until 31 December 2017 (the "Authorisation").
Pursuant to the Authorisation, the Management Board, with the approval of the Supervisory Board, issued 20,562,769 New Shares to Sapinda Holding B.V..
The subscription price per New Share was determined in tranches, being 77 eurocents for 3,896,103 New Shares calculated as equal to the average closing price of the current issued shares in the capital of the Company quoted on the Marché Libre of Euronext in Paris between 1 and 30 May 2017. The subscription price for the second tranche of 16,666,666 New Shares was determined as equal to the average closing price on the Marché Libre between 26 May and 4 December 2017, being 42 eurocents.
The equity increase is an important stabilising step for the Company after the successful restructuring of its EUR 125 million bond (ISIN DE000A1ZML05) in April 2017. The Transaction paves the way for future capital raising and expansion of the business from 2018.
In line with Amatheon's business strategy, the proceeds of the Transaction will be used to fund the expansion of its current operations in Zambia, Zimbabwe and Uganda. The immediate focus will remain on building replicable agro and food value clusters in each of these countries.
The Management Board Berlin, Germany, 19 December 2017
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For further information please see the Group's website www.amatheon-agri.com. All communications to the Group or the Management Board in connection with the foregoing must be addressed as follows:
Amatheon Agri Holding N.V. Friedrichstrasse 95, 10117 Berlin, Germany Tel: +49 30 53 000 90 00 Fax: +49 30 53 000 90 20 email: firstname.lastname@example.org
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In connection with the issue of the securities the Stabilising Manager or any person acting on behalf of the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager (or any persons acting on behalf of the Stabilising Manager) will undertake stabilisation action. Any stabilisation action, if begun, may be ended at any time, and must be brought to an end after a limited period.
19.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Amatheon Agri Holding N.V. Friedrichstrasse 95 10117 Berlin
Germany Phone: +49 (0)30 5 3000 9023 Fax: +49 (0)30 5 3000 9020 E-mail: email@example.com Internet: www.amatheon-agri.com ISIN: NL0010273694 WKN: A1J4XD Listed: Foreign Exchange(s) Paris End of News DGAP News Service