Other issues on the agenda aim to increase of the share capital of Agroland Agribusiness by RON22,500, up to RON112,500, in order to offer the new shares for subscription within a sale offer via private placement (an offer targeting fewer than 150 private individuals or legal entities, other than qualified investors, per EU member state) and to take the necessary steps to prepare, carry out and close the share sale offer, including to establish the characteristics of the offer, respectively, the admission to trading of the shares.
Other issues on the agenda entail “the issue by AGROLAND AGRIBUSINESS, after having become a joint-stock company, of bonds with a total maximum nominal value of RON20 million, with a maximum interest of 9% and a maturity of minimum three years and maximum seven years, into one or several issues / tranches, as well as their sale via private placement (an offer targeting fewer than 150 private individuals or legal entities, other than qualified investors, per EU member state)”, respectively to establish the details of the offer and the listing of bonds.
Tradeville is the broker proposed for the intermediation of private placements of shares and bonds, respectively, for the admission to trading of the instruments.
The private placement aims to attract approximately RON7,9 million.
Agroland currently has some 250 traditional stores with areas of 50 to 150 square meters, serving 400,000 customers annually.
Agroland Business System had a turnover of RON121 million in the first half of 2020, up 18% compared with the same period in 2019, and a net profit of RON8.4 million, up 59% on the year, per stock market data. The company has a EUR8 million bond issue listed on the Bucharest Stock Exchange.