Announcement of up to EUR 200 million capital raising by A/S Trigon Agri
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 a private placement of new shares to
institutional investors in order to finance Trigon Agri's further growth.
The capital raising is expected to raise up to EUR 200 million. The company
proposes to use the proceeds from the capital raising to bring over 120,000
hectares of land currently under control into full production and to finance the
acquisition of additional land, farming equipment, grain storage capacity and to
finance dairy farming activities.
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 its
grain trading activities when such trading activities become operational later
this year.
Trigon Agri aims to control 200,000 hectares of farmland by the end of 2008 and
up to 450,000 hectares of farmland by 2010.
The capital raising is open to institutional investors outside the United States
in reliance on Regulation S and in the United States to qualified institutional
buyers under Rule 144A. The private placement will commence on 16 April 2008 and
is expected to end on or about 29 April 2008. Publication of the offer price and
the exact number of shares to be issued is expected on or about 30 April 2008
and will be made on the First North website and thereafter trading in interim
shares commences. Trading in the new shares to be issued on First North is
expected to start on or about 6 May 2008.
Credit Suisse and SEB Enskilda are acting as Joint Global Coordinators and Joint
Bookrunners of the capital raising.
At the Extraordinary General Meeting of the Company on 17 March 2008,
authorisation was given for a share capital increase of up to 175 million new
shares.
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.
