NEW SHAREHOLDER STANDBY CREDIT FACILITY APPROVED
The Board of Directors of Agromino A/S, at its meeting held on 30 May 2018, has approved that a stand-by credit facility of (up to) EUR 2 million (the “Facility”) will be sought to be granted to the company to secure its working capital needs during the summer and autumn seasons.
The Facility is likely to be opened / granted by one of Agromino´s shareholders. The terms of the Facility will be more favourable to the company than the terms of the previous shareholder credit facility and comparable to the terms of the bank loans currently contracted by the company.
The Board of Directors will continue to pursue taking appropriate actions to use the authorization in articles 4d of the articles of association in order to increase the company’s share capital as described in the press release released at 20:00 CET on 26 April 2018.
We are farmers and agribusiness managers, with operations in Ukraine, Russia and Estonia. Agromino A/S shares are traded on the main market of Nasdaq Stockholm.
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This information is information that Agromino A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Mr. Petr Krogman, the Chairman of the Board of Directors of the company, at 8:00 CEST on 31 May 2018.