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.
September 2017 – settlement of 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 0.22 SEK per share.
On 31 August 2017 the share and interest consideration of 4.72 SEK per share was distributed by Euroclear to each shareholder’s directly registered proceeds account registered with Euroclear. For shareholders holding their shares with a custodian, the amount was distributed to the custodian who is responsible for paying out the amount to the shareholder. At the same time the minority shareholders’ Agrokultura shares were distributed to the Majority Shareholder who now holds 100% of the shares in Agrokultura AB.
In the event of queries, we would recommend, in the first instance, that shareholders contact their broker or custodian regarding retrieval of settlement funds. Whilst the company is not responsible for distribution of settlement funds should you require further assistance please contact email@example.com