Alpcot Agro is planning a private placement of shares

Not for release, publication or distribution in, or into the United States, Australia, Canada, South Africa or Japan.

The board of directors of Alpcot Russian Land Fund AB (publ), under change of name to Alpcot Agro AB, is planning, pursuant to an authorisation from the annual general meeting, a private placement of approximately 6–8 million new shares at a subscription price of SEK 63–70 per share.

The company would receive proceeds of approximately SEK 378 – 560 million before deduction of transaction expenses. The new shares would correspond to approximately 22–27 per cent of the outstanding shares and votes in the company after the issue. Approximately SEK 150 million of the total proceeds is intended to be used for acquisition of further agricultural land. The remainder is intended to be used for investments in machinery and equipment, other investments, as well as for general business purposes.

The company has retained Carnegie Investment Bank AB as financial advisor regarding the contemplated private placement of shares to be directed to certain selected qualified investors and certain other selected investors. The minimum investment in the share issue will be 8,000 shares corresponding to a total consideration of SEK 504,000–560,000. Subscription for shares will be made through an accelerated book building process.

For additional information, please contact:

Carl Aschan, CEO
Telephone number: +46 70 297 16 07
Joakim Ollén, Chairman of the Board
Telephone number: +46 70 354 24 07


The information in this press release does not constitute or form part of any offer to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of the company. The information contained in this press release is not intended for publication, release or distribution in United States, Australia, Canada, South Africa, Japan or any country under which laws and regulations there would exist an obligation to prepare, file, register or publish any information as a result hereof.