Outcome of directed share issue in Agrokultura AB (publ) against payment through set-off of claims

As earlier communicated in a press release, the board of directors of Agrokultura AB (publ) has on 31 October 2014, pursuant to an authorization granted by the annual general meeting 2014, resolved on a directed share issue against payment through set-off of claims whereby the company’s share capital may be increased with not more than SEK 36,272,355 through the issuance of not more than 7,254,471 new shares. The set-off issue was directed to holders of freely transferable promissory notes issued by the company in accordance with an agreement with Alpcot Capital Management Ltd. 7,254,470 new shares, corresponding to a share capital increase amounting to SEK 36,272,350, was subscribed for and has been allotted three different parties in accordance with the terms of the issue. Steenord Corp subscribed for and has been allotted a majority of the new shares as a result of acquisitions of promissory notes prior to the maturity date. The subscription price was SEK 5 per share.

At the time of issuance of this press release, the share capital of the company amounts to SEK 695,043,290 divided between 139,008,658 shares, each with a quotient value amounting to SEK 5. Following registration of the new share issue with the Swedish Companies Registration Office, the share capital will amount to SEK 731,315,640 divided between 146,263,128 shares.

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 08.00 (CET) on Monday 3 November 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

IMPORTANT MESSAGE
This press release is not an offer to subscribe for securities in Agrokultura AB (publ). The information set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation would be unlawful. The securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended, (the “Securities Act”), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. Copies of this press release are not produced and may not be distributed or sent, in whole or in part, directly or indirectly, in, or into, the United States, Canada, Australia, Hong Kong, Japan, New Zeeland, Switzerland, Singapore or South Africa or in, or into, any other jurisdiction where such measure may be unlawful.

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.