As mentioned in company announcement 7/2018 earlier today, final closing of the purchase of Tjekkiet Invest A/S has now been carried out.
In that connection, both new shares and convertible bonds are issued in FirstFarms A/S.
Thus, 404,328 shares of DKK 10 are issued, corresponding to a capital increase of DKK 4,043,280. The shares are issued at price 49.21.
Furthermore, by a direct placement towards the shareholders in Tjekkiet Invest A/S, convertible bonds are issued for a total amount of DKK 19,896,000. If all these owners of the convertible bonds choose to utilise the right to convert in December 2022, the capital increase will be DKK 4,043,080 corresponding to 404,308 shares.
The shares in Tjekkiet Invest A/S will partly be paid with the shares in FirstFarms A/S, partly by utilisation of the proceeds of the issued bonds and finally by cash payment of DKK 20.2 million.
Best regards
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.
About FirstFarms:
FirstFarms is a Danish stock exchange listed company, which purchases and operation agriculture in Eastern Europe. We develop the individual farms to modern and sustainable businesses that deliver milk, meat and grains of the highest quality to the dinner tables all over the world.
