Steenord has increased its shareholding in Agrokultura to 46,59 %, which gives rise to an obligation to launch a mandatory public offer
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Steenord Corp (“Steenord”) on 7 August 2014 was the owner of 51,143,297 shares in Agrokultura AB (publ) (“Agrokultura”), and has on 7 August 2014 acquired 13,621,767 shares in Agrokultura, which is listed on Nasdaq OMX First North, whereby Steenord holds 64,765,064 Agrokultura shares. Accordingly, Steenord’s shareholding in Agrokultura increased from about 36,79% of Agrokultura’s share capital and voting rights to about 46,59% of the share capital and voting rights. This entails that Steenord is obliged to make a public offer to acquire the shares held by all of the shareholders in Agrokultura.
Steenord intends to return within four weeks with a decision on any public tender offer pertaining to the remaining shares in Agrokultura. If such a mandatory offer is submitted, the price to be offered will be SEK 4.50 per share, corresponding to the highest price that Steenord has paid during the most recent six-month period.
This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.