Completion of the offer made by Agromino A/S’ major shareholder and exercise/lapse of warrants
The major shareholder of Agromino A/S (the “Company”), Mabon investiční fond s proměnným základním kapitálem a.s. (“Mabon”), has on 11 February, 2019 published on its website a press release concerning the completion of the mandatory public cash offer to the shareholders and warrant holders of the Company (the “Offer”). Mabon has paid for and received 3,525,494 shares and 101,294,920 warrants.
Following the completion of the Offer, Mabon is the owner of 11,026,544 shares and 101,294,920 warrants in the Company. This corresponds to approximately 63.3 per cent of the total number of shares and approximately 50.8 per cent of the total number of issued warrants in the Company.
As an extraordinary event has occurred in the form of the Offer (the “Extraordinary Event”), all warrants issued by the Company are exercisable. Every 100 warrants provide the warrant holder with a right, but not an obligation, to subscribe for one share with a nominal value of EUR 1.00 in the Company against payment of the exercise price.
The exercise price as of 27 January 2019 was EUR 2,464 per share equaling 25,40 SEK at an exchange rate of 10,31 SEK for 1 EUR (the exercise price is therefore substantially higher than the current market price of the Company’s shares). The value in SEK is declared for information only, as the price must be paid in EUR according to the articles of association of the Company. The exercise price will increase daily (per calendar day) by an interest of 11 per cent per annum. If a warrant holder wants to exercise his warrants (in whole or in part), such warrant holder must send an email to firstname.lastname@example.org, in which the warrant holder irrevocably requests to exercise a specified number of his warrants. The exercise date will correspond to the date the Company receives such an irrevocable request from the relevant warrant holder.
Warrants which are not exercised within 1 month after the occurrence of an Extraordinary Event (meaning the completion of the event), i.e. from the date of this announcement, shall automatically lapse without further notice or compensation.
Mr. Petr. Toman, CEO of Agromino A/S
Tel: +38 044 586 4445, e-mail: email@example.com
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.
For subscription to Agromino A/S announcements please contact us: firstname.lastname@example.org. If you do not want to receive Agromino A/S press releases automatically in the future, please send an e-mail to the following address: email@example.com.
This information is information that Agromino A/S is obliged to make public pursuant to the EU Market Abuse Regulation, article 17. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 CET on 12.2.2019.