A/S Trigon Agri: Announcement of proposed capital raising
Not for release, publication or distribution, directly or indirectly, in or into
the United States of America, Canada or Japan.
Trigon Agri is pleased to announce that further to the share capital increase
approved at the Extraordinary General Meeting of the Company on March 17, 2008,
Credit Suisse and SEB Enskilda have been appointed to act as Joint Global
Coordinators and Joint Bookrunners to work on the preparation of a proposed
capital raising. The offering is targeting a deal size of approximately EUR 200
million.
The Company has recently announced significant developments which provide the
base for the growth plans which are to be financed from the proceeds of the
offering:
1. As announced on March 31, 2008, the Company already controls in excess of
120,000 hectares of farmland.
2. As announced on April 3, 2008, the Company now owns five separate grain
storage elevators in Ukraine with a total grain storage capacity of 322,000
tonnes.
3. As announced on April 7, 2008, the Company has entered into an agreement to
establish a joint venture trading company with Ramburs Group (internationally
known as United Grain, a leading Ukrainian grain trader). Trigon Agri will own
51% of the joint venture, which will take over all existing grain trading and
storage management activities of Ramburs Group, with Ramburs Group holding the
remaining 49%.
Trigon Agri's distinct business model is to continue growing as an integrated
agriculture business operating in the former Soviet Union with activities
ranging from the production of agricultural produce to the storage of both its
own and third party grain and finally to servicing the end customers via it's
grain trading activities, when the Joint Venture company becomes operational.
Trigon Agri aims to control up to 450,000 hectares of farmland by 2010.
Although detailed preparations have commenced, no decision has been taken
regarding the final size and timing of launch of the capital raising.
For further information please contact:
Mr. Ülo Adamson, Chairman of the Board of Directors of A/S Trigon Agri
Tel: +372 66 79 200
E-mail: mail@trigonagri.com
The Company's Certified Advisor is SEB Enskilda.
About A/S Trigon Agri
Trigon Agri A/S is an integrated leading cereal and dairy commodities company
with operations in Ukraine, Russia and Estonia. Trigon Agri shares are traded at
the First North stock exchange in Stockholm, an alternative market place of the
OMX Nordic Exchange. Trigon Agri is managed under an advisory agreement by AS
Trigon Capital, a leading Central and Eastern European investment and corporate
advisory firm with more than USD 1 billion of discretionary assets under
management.
The land under control figures provided in this document have been prepared by
A/S Trigon Agri. There is no generally accepted definition or concept of ‘land
under control' and the land comprised under this concept includes land which is
both registered and unregistered and also land which A/S Trigon Agri controls
pursuant to memoranda of understanding and powers of attorney. While A/S Trigon
Agri believes that the figures above provide a fair and accurate estimate of the
land under control, there is no guarantee that a third party would not have a
different understanding and would arrive at a different figure for land under
control.
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States of America. These materials
are not an offer for sale of securities. The securities have not been registered
under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may
not be offered or sold in the United States absent registration or an exemption
from the registration requirements of the Securities Act. Any public offering of
securities will be made by means of a prospectus that may be obtained from the
issuer or selling security holder and that will contain detailed information
about the company and management, as well as financial statements. There is no
intention to register any portion of the offering in the United States of
America or to conduct a public offering of securities in the United States of
America.
The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. No offering of
securities to the public will be or has been made in any jurisdiction outside
Denmark or Sweden.
This document does not constitute an offer of securities to the public in the
United Kingdom. This document is for distribution in the United Kingdom only to
persons who have professional experience in matters relating to investments
falling within Article 19(5) of The Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) or to whom it may otherwise be
lawfully passed on (all such persons being referred to as “relevant persons”).
This document must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this communication
relates is only available to relevant persons and will be engaged in only with
relevant persons.
