Salermo S.A. and Magna Finance Investment Limited intend to assemble their holding of shares in Agrokultura and initiate a compulsory redemption
Nasdaq Stockholm has, as previously announced, approved the application on delisting from Nasdaq First North made by Agrokultura AB (publ) (“Agrokultura”) and the last day for trading is Friday 27 February 2015.
As stated in previous press releases, there have not been legal conditions to initiate a compulsory redemption of the outstanding shares in Agrokultura. Instead, as previously announced, Magna Finance Investment Limited (formerly Magna Investment Limited) (“Magna”) intended to offer the remaining shareholders in Agrokultura the possibility to dispose of their shares in a private offer following the delisting of Agrokultura’s shares from Nasdaq First North. However, Salermo S.A. and Magna intend to assemble their holding of shares in Agrokultura so that there will be legal conditions to initiate a compulsory redemption of the outstanding shares in Agrokultura. The compulsory redemption of the outstanding shares in Agrokultura is expected to be initiated shortly after the last day of trading in Agrokultura’s shares.
Stockholm, 26 February 2015
For additional comments, please contact
Stephen Pickup, Group Managing Director, tel. +44 7825 294 352
Kristian Shaw, Group CFO, +44 7825 294 356
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.