Extraordinary general meeting of Trigon Agri A/S

On Thursday 10 November 2016, at 2:00 pm (CET), an extraordinary general meeting of Trigon Agri A/S was held at Plesner Law Firm, Amerika Plads 37, DK-2100 Copenhagen OE, Denmark.

 

  1. Resolution to authorise the board of directors to increase the share capital of the Company by way of conversion of bonds into new shares in the Company

The proposed resolution to authorize the board of directors to increase the share capital of the Company by way of conversion of debt originating from the SEK 350,000,000 11% bonds issued by the Company (ISIN SE0004019008) into up to 1,598,730,000 new shares in the Company of nominally EUR 0.01 (for a total of nominally EUR 15,987,300), representing a conversion ratio of 45,678 new shares of nominally EUR 0.01 for each bond of nominally SEK 10,000, was adopted unanimously and with all votes represented.

The authorization is valid until 31 January 2017 and may only be utilized once.

  1. Resolution to authorise the board of directors to issue warrants to the existing shareholders

The proposed resolution to authorize the board of directors to issue warrants which shall entitle the recipients to subscribe for an aggregate of 209,398,236 new shares in the Company (for a total of nominally EUR 2,093,982.36), representing an allocation ratio of 21 new warrants of nominally EUR 0.01 for 13 shares of nominally EUR 0.01, was adopted unanimously and with all votes represented.

The authorization is valid until 31 January 2017 and may only be utilized once.

  1. Resolution to remove the authorization to the board of directors to issue convertible bonds

The proposed resolution to amend the articles of association by removing article 4.6 was adopted by unanimously and with all votes represented.

The Chairman of the Board of Directors, Johannes Bertorp, commented on the extraordinary general meeting:

“I am very pleased to inform that the Debt to Equity Swap has been ultimately endorsed both by the bondholders and the shareholders of the Company. As of today, the Company will proceed to fulfil remaining regulatory and legal formalities necessary for the completion of the Debt to Equity Swap.”

For further information regarding the background for the proposed transaction, the tentative timetable as well as the potential implications for shareholders and bondholder of Trigon Agri A/S, reference is made to press releases of respectively 30 September 2016 (Update on debt to equity swap), 19 October 2016 (notice of bondholders’ meetings), 19 October 2016 (notice convening general meeting) and 9 November 2016 (results from bondholders’ meeting).

 Investor enquiries:

Mr. Johannes Bertorp, the Chairman of the Board of Directors of Trigon Agri A/S, Tel: +372 6191 500, E-mail:  mail@trigonagri.com

 

About Trigon Agri

Trigon Agri is an integrated soft commodities production, storage and trading company with operations in Ukraine, Russia and Estonia. Trigon Agri’s shares are traded on the main market of Nasdaq Stockholm.

For subscription to Company announcements please contact us: mail@trigonagri.com. If you do not want to receive Trigon Agri press releases automatically in the future please send an e-mail to the following address: unsubscribe@trigonagri.com.

This information is information that Trigon Agri A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:00 CET on 10 November 2016.

 

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