Agrokultura has invested in farmland and has produced agricultural commodities in Eastern Europe since 2007. Using modern western equipment and techniques, Agrokultura delivers market leading yields in the fertile regions in which it operates.
Its land bank of over 200,000 ha produces a variety of agricultural commodities such as wheat, rapeseed, barley, corn, sunflower and sugar beet which are sold for domestic and export consumption. Local and international management expertise combines to deliver an attractive return on capital for its shareholders.
May 2017 - Update on compulsory purchase process:
In 2015 Magna Finance Investments Limited (“the Majority Shareholder”) commenced proceedings to effect a compulsory purchase of all shares owned by the remaining minority investors. According to Swedish regulations, this process is controlled by an independent arbitration panel, with all but three minority shareholders being represented in proceedings by a trustee.
On 18 May 2017 the arbitration panel made its ruling that the redemption price to buyout the remaining shares held by minority investors would amount to 4.5 SEK per share plus interest which has accrued during the compulsory purchase process of approximately 0.18 SEK per share.
The share and interest consideration shall be distributed by Euroclear to each shareholder’s directly registered proceeds account registered with Euroclear. For shareholders holding their shares with a custodian, the amount will be distributed to the custodian, which will pay out the amount to the shareholder. At the same time, the minority shareholders’ Agrokultura shares will be distributed to the Majority Shareholder, which will then hold 100% of the shares in Agrokultura AB. In the event of queries, we would recommend, in the first instance, that shareholders contact their custodian regarding retrieval of settlement funds.
Settlement is planned to take place by the end of August 2017.
Should more information be required, contact email@example.com