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Press release from the Annual General Meeting in Agrokultura AB (publ)

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At the annual general meeting held on 15 May 2014 in Agrokultura AB (publ) the following decisions were made:

  • The annual general meeting resolved to approve the profit and loss account and the balance sheet as well as the consolidated profit and loss account and the consolidated balance sheet with respect to the financial year 2013. It was resolved that the share premium reserve, reserve for the fair value, retained earnings, and the result for the year, amounting to SEK 201,707,053, were to be carried forward into new account and that no dividends were to be paid with respect to the financial year 2013.

  • The annual general meeting resolved to discharge the members of the board of directors and the managing director from liability with respect to the financial year 2013.

  • The annual general meeting resolved that the fees payable to the board of directors for the period until the end of the next annual general meeting shall amount to in total SEK 1,650,000 out of which SEK 960,000 shall be paid to the chairman of the board of directors and SEK 130,000 to each of the other board members. SEK 300,000 shall be paid as remuneration for committee work out of which SEK 250,000 shall be paid to the chairman of the audit committee and SEK 50,000 to the other member of the audit committee. It was resolved that the auditor shall be paid in accordance with approved invoices.

  • The annual general meeting resolved to re-elect Mikael Nachemson, Niclas Eriksson, Sture Gustavsson and Simon Hallqvist as members of the board of directors of the company. Mikael Nachemson was re-elected as chairman of the board of directors. It was resolved to re-elect the accounting firm Ernst & Young AB.

  • It was resolved to authorize the board of directors to, until the next annual general meeting, adopt resolutions concerning one or several new issues of shares with deviation from the shareholders’ preferential rights. The company’s share capital may by support of the authorization not be increased with more than SEK 36,272,360.

Other
  
This press release contains information which the company is to disclose pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Market Act (2007:528). This information was sent for publishing at 12.00 on 15 May 2014.

For additional information, please contact:
Stephen Pickup, Group Managing Director, tel: +44 782 529 4352
Kristian Shaw, Group CFO, tel: +44 782 529 4356

About Agrokultura AB (publ)

Agrokultura invests in farmland and produces agricultural commodities in Russia and Ukraine. The Group aims to generate an attractive return on invested capital by optimally utilizing its agricultural land bank through crop production, livestock and related operations. Shares in Agrokultura are listed in Sweden on the Nasdaq OMX First North exchange under the ticker AGRA and the Group’s Certified Adviser is Remium Nordic AB.