Agrokultura AB (“Agrokultura” or “the Company”) reports a material off market shareholder transaction. Agrokultura has been notified of the disposal of the entire stake of its largest shareholder to a single undisclosed buyer in an off market transaction at a price of SEK 3.75. Although a significant premium to the current market price, this is a material discount to the latest reported book value of SEK 6.80 per share. Most recent information indicates the stake amounted to 13.9 per cent of the outstanding shares of Agrokultura. The Company is monitoring further share transactions, consulting with other major shareholders and is looking into the potential intentions of the buyer. More information will be made available as it is received. The half-year report which will be made public on 28 August 2014, will include a detailed description of the business' development, confirmation of the implemented cost cuts and initial harvest results. In addition, the Company will be making an update of the situation relating to renewed interest in the sale of its Ukrainian assets in the context of the more stable situation in Ukraine. Stockholm 14 July 2014 For more information, contact: Investor Relations +44 203 427 3983 or +46 73-043 08 84 About Agrokultura AB (publ) Agrokultura invests in farmland and produces agricultural commodities in Russia and Ukraine. The Group aims to generate an attractive return on invested capital by optimally utilizing its agricultural land bank through crop production, livestock and related operations. Shares in Agrokultura are listed in Sweden on the Nasdaq OMX First North exchange under the ticker AGRA and the Group’s Certified Adviser is Remium Nordic AB.
Agrokultura comments on notified ownership change
| Source: Alpcot Agro AB