Agrokultura’s application for delisting approved
Agrokultura AB (publ) (”Agrokultura”) has, as previously announced, applied for delisting from Nasdaq First North. Nasdaq First North has approved Agrokultura’s application on delisting and resolved that last day for trading is Friday 27 February 2015.
As described in the company’s press release as of 18 December 2014, there are currently not legal conditions to initiate a compulsory acquisition of the remaining shares in Agrokultura. To enable holders of shares in Agrokultura to sell their holdings also after the last day of trading in Agrokultura’s shares on Nasdaq First North, Magna Investments Limited (“Magna”) intends, following 27 February 2015, to offer the minority shareholders to sell their shares to Magna on terms corresponding to those applicable under the mandatory offer announced on 28 August 2014 by Steenord Corp. Magna is a closely related party to Steenord Corp.
Stockholm, 23 December 2014
For additional comments, please contact
Stephen Pickup, Group Managing Director, tel. +44 7825 294 352
Kristian Shaw, Group CFO, +44 7825 294 356