Agromino: update on the reverse share split
Agromino A/S (the “Company”) hereby gives update to the Notice of redemption of shares pursuant to sections 70-72 of the Danish Companies Act as part of the reverse share split at a consolidation ratio of 100:1, as previously published by the Company on 20 April 2017 (http://www.trigonagri.com/2017/04/20/agromino-as-previously-trigon-agri-as-notice-of-redemption-of-shares-pursuant-to-sections-70-72-of-the-danish-companies-act-as-part-of-the-reverse-share-split-at-a-consolidation-ratio-of-1001/).
The update concerns the technical aspects related to trading in the shares of the Company on Nasdaq Stockholm and certain changes to the timetable.
Trading in the shares and warrants of the Company will not be suspended at any stage of the reverse share split procedure.
Trading in the Company’s shares with a nominal value of EUR 0.01 each (ISIN DK0060083566) will continue up to and including 18 May 2017. The record date for the reverse share split is 22 May 2017. Any holdings of less than 100 Shares with a nominal value of EUR 0.01 each as recorded on 22 May 2017 as well as any excess shares of EUR 0.01 after consolidation into a full number of shares in accordance with the consolidation ratio (together the “Remaining Fractional Shares”) will be redeemed by the Company at a price EUR 0.02 per 1 share with a nominal value EUR 0.01 each. The Company expects to submit the payment orders for the redeemed Remaining Fractional Shares by Wednesday, 24 May 2017, with payments being delivered to the shareholders within 1 week following the date of the payment order. Any costs to VP SECURITIES A/S or Euroclear Sweden AB arising from such redemption shall be borne by the Company.
Trading in the Company’s shares with a nominal value of EUR 1 each with a new ISIN DK0060823516 will commence on 19 May 2017. The trading system will update the number of shares (post reverse split), ISIN of shares to new ISIN DK0060823516 and the price per the share with a nominal value of EUR 1 each with a new ISIN DK0060823516 after the completion of the reverse split procedure.
As from 19 May 2017 and until the changes are implemented onto the Nasdaq Stockholm system the shareholders are kindly asked to note the number of shares they have following consolidation at 100:1 ratio and the new price of the share which shall be approximately one hundred times higher than the price of a share with a nominal value of EUR 0.01 and ISIN DK0060083566 when making trades. The settlement date for trades on Nasdaq Stockholm made on 19 May 2017 and 22 May 2017 shall be 24 May 2017.
Total market value of the Company will not be affected by the reverse split. Trading in the Company's warrants will continue unaffected.
Mr. Simon Boughton, CEO of Agromino A/S
Tel: +372 6191 500, e-mail: firstname.lastname@example.org
Agromino is an integrated soft commodities production, storage and trading company with operations in Ukraine, Russia and Estonia. Agromino shares are traded on the main market of Nasdaq Stockholm.
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This information is information that Agromino is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8:30 CET on 16 May 2017.