FirstFarms offers owners of convertible bonds, who before 15 May 2015 choose to inform about conversion of the bond into shares, a conversion premium of 0.5 % of the principal amount.
FirstFarms has reserved cash frames of up to DKK 50 million to bond owners, who do not want to convert. The company wants to continue to improve the results via expansion of the activities and thus increase the possibilities for return to the shareholders. In order to be able to assess to which extent FirstFarms can utilise the free frames to new projects, the company wishes through this offer a clarification of the proportion of the bond owners, who already now wishes to decide whether to convert.
If this current opportunity is not desired, the bond can still be converted according to the deadline in December 2015; alternatively just expire ordinary in March 2016.
FirstFarms will forward a letter to the individual bond owners regarding this offer.
Billund, 13 April 2015
FirstFarms A/S
For further information:
Please visit our website www.firstfarms.com or
contact CEO Anders H. Nørgaard on telephone +45 75 86 87 87.
