Amatheon Agri Holding N.V.: Shareholders approve debt to equity swap

Amatheon Agri Holding N.V. / Key word(s): AGM/EGM/Miscellaneous 
Amatheon Agri Holding N.V.: Shareholders approve debt to equity swap 
 
24-Jun-2019 / 19:10 CET/CEST 
 
AMATHEON AGRI SHAREHOLDERS APPROVE DEBT TO EQUITY SWAP 
 
*NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR 
INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER 
JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY 
APPLICABLE LAW.* 
 
Amatheon Agri Holding N.V. (ISIN: NL0010273694), the Euronext listed 
agribusiness and farming group ("Amatheon Agri" or the "Company") announces 
today its shareholders have approved its debt-to-equity swap of Amatheon 
Financing B.V. ("Amatheon Financing") bonds. Bondholders of the 2% EUR 125 
million July 2019 bond (ISIN: DE000A1ZML05) (the "Bond") agreed on 19 June 
2019 in Berlin to convert all outstanding bonds into newly issued shares in 
Amatheon Agri. Shareholders of Amatheon Agri have today agreed to effect the 
issuance of new shares in the Company's capital. 
 
The Bond is divided into 1,250 notes with a nominal value of EUR 100,000.00 
each (the "Notes") with an aggregate nominal amount of EUR 93,200,000 
outstanding. At its first noteholders meeting on 19 June 2019 in Berlin 
("Noteholders Meeting"), Bondholders agreed to transfer all outstanding 
Notes to a settlement agent which would contribute the Notes to Amatheon 
Agri as part of a capital increase against contribution in kind. 
 
The Noteholder's Meeting resolved that each Bondholder is entitled with 
respect to each Note with the nominal amount of EUR 100,000 to acquire 
527,704 newly issued shares in Amatheon Agri. 
 
Today, the Company's shareholders have authorized its Management Board for a 
period of 18 months to resolve upon the issuance of up to 491,820,128 shares 
in the capital of the Company to the settlement agent in relation to the 
debt-to-equity swap and to determine the price and further terms and 
conditions of such issuance. Further, shareholders authorized the Management 
Board to resolve to limit or exclude pre-emptive rights in respect of any 
issuance of such shares. 
 
The decision of the Company's shareholders paves the way for executing the 
debt-to-equity swap and eliminating all external debt held by Amatheon Agri 
and Amatheon Financing. After the capital increase, Amatheon Agri's issued 
share capital will be increased by EUR 49,182,012.80. 
 
Carl Heinrich Bruhn, Amatheon Agri Founder and CEO, remarked, "We welcome 
today's decision of our shareholders to significantly increase the equity of 
Amatheon Agri. Together, we will use the restructured balance sheet to 
achieve our long-term vision for African agricultural investment. The 
Company can now pursue its production of high value crops and consumer goods 
with the financial security it needs." 
 
Amatheon Agri has already had notable success in its farming and food 
strategy in Zambia, Zimbabwe and Uganda. These established businesses are a 
solid platform for further acquisitions and brownfield investments in 
Sub-Saharan Africa, and will bolster the Group's expansion into healthy 
foods, consumer goods, domestic, regional and international markets. 
 
Details of the Shareholders and Noteholders Meetings resolutions can be 
found on the Company's website www.amatheon-agri.com. 
 
The Management Board 
Berlin, Germany, 24 June 2019 
 
For further information please see the Group's website.www.amatheon-agri.com 
[1]. 
 
All communications to the Group or the Management Board in connection with 
the foregoing 
must be addressed as follows: 
 
Amatheon Agri Holding N.V. 
Friedrichstrasse 95, 10117 Berlin, Germany 
Tel: [phone] 
Fax: [phone] 
email: [e-mail] 
 
Dissemination of a Financial Wire News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
Language:    English 
Issuer:      Amatheon Agri Holding N.V. 
             Friedrichstrasse 95 
             10117 Berlin 
             Germany 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.amatheon-agri.com 
ISIN:        NL0010273694 
EQS News ID: 829951 
 
End of Announcement - EQS News Service 
 
829951 24-Jun-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e6a73883ce55017a3dc5f2e4d4892daa&application_id=829951&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

June 24, 2019 13:10 ET (17:10 GMT)