The company will also raise its capital by RON22,500, to a total of RON112,500 in view of offering shares for subscription within a private placement. The placement addresses maximum 150 investors and the shares would later be listed on the Bucharest capital market.
Agroland Agribusiness, which sells organic and conventional inputs for agriculture, also plans to issue corporate bonds worth a maximum RON20 million with a maximum interest of 9% and minimum 3 to 7-year maturity, in one or more tranches.
Agroland has selected Tradeville to broker its private placements and IPO.
Agroland Group consists of Agroland Business System SA, Agroland Agribusiness SRL, Agroland Professional Farm SRL, Agroland Megastore SRL and Magazinul Micului Fermier SRL. The group is not registered as a corporate entity.
Agroland Business System started trading on the Bucharest stock exchange on March 1 this year and has a market capitalization of RON270.7 million.