BLACK EARTH FARMING LTD TO BE UPGRADED TO FIRST NORTH PREMIER
As of February 16, 2009 Black Earth Farming Ltd. will be traded on First North
Premier.
First North Premier is a new segment within First North that will formally
launch on February 16, 2009 and be reserved for companies that make a conscious
decision to comply with higher disclosure and accounting standards than the
regular First North rules. Companies on Premier are committed to following the
main market disclosure rules.
On the news of the Exchange's approval of the Company's inclusion into Premier,
Per Brilioth, Chairman of the Board of Directors of Black Earth Farming,
commented:
"We have from start set high aims for the Company in terms of transparency,
market communication and governance. Being part of the Premier segment is a
signal to investors that the company is committed to and successful in this
endeavour"
Please note that there are no changes to short name, ISIN code, Orderbook ID or
OTC ID.
For more information on First North Premier, visit:
http://nasdaqomx.com/listingcenter/firstnorth/premier
For additional information, please contact:
Gustav Wetterling, IR Director, Black Earth Farming Ltd., tel: +44 207 117 81 00
Notes to Editor:
Black Earth Farming Ltd. is a leading farming company, publicly listed in
Stockholm and operating in Russia. It acquires, owns and farms agricultural
land assets primarily in the fertile Black Earth region in southwest Russia.
Black Earth Farming has gained a strong market position in the Kursk, Tambov,
Lipetsk, Samara, Voronezh and Ryazan areas, controlling over 332,000 hectares
of what perhaps is the world's most fertile soil.
In 2008 Black Earth Farming harvested some 141,900 hectares and in 2009 it
plans to harvest over 180,000 hectares, effectively making it one of the
world's largest farming companies by planted area.
Black Earth Farming's Certified Advisor on First North is E. Öhman J:or
Fondkommission AB
