Amatheon Agri Holding N.V. / Key word(s): Miscellaneous
Amatheon Agri Holding N.V.: Announcement of Settlement of Acquisition Offer
23-Aug-2019 / 18:15 CET/CEST
Announcement of Settlement of Acquisition Offer
? NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN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 the settlement of the Acquisition Offer of its debt-to-equity swap of
the 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 on 24 June 2019 agreed to effect the issuance of new shares in the
Company's capital. On 19 August 2019 the Conversion Capital Increase in Kind
was registered at the Netherlands Chamber of Commerce.
The Bond was 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. 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.
The Company's shareholders 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 execution of the debt-to-equity swap shows confidence in the Company and
eliminates 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, "Today is a
momentous day for Amatheon Agri. The positive effect on the balance sheet
will allow us close one chapter and focus our energies on investing in and
production of high value crops as well as consumer goods. We look forward to
the next phase and successes to come."
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, international markets and consumer goods.
Details of the Shareholders and Noteholders Meetings resolutions can be
found on the Company's website
http://www.amatheon-agri.com/investor-relations [1].
The Management Board
Berlin, Germany, 23 August 2019
*
* *
For further information please see the Group's website www.amatheon-agri.com
[2].
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: +49 30 53 000 90 00
Fax: +49 30 53 000 90 20
email: m.barron@amatheon-agri.com
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: +49 (0)30 5 3000 9023
Fax: +49 (0)30 5 3000 9020
E-mail: info@amatheon-agri.com
Internet: www.amatheon-agri.com
ISIN: NL0010273694
EQS News ID: 862549
End of Announcement - EQS News Service
862549 23-Aug-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b8ba18ad59716129ddbcc3a2b94e60d6&application_id=862549&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5d06fda943c635629dbbb06952734d14&application_id=862549&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 23, 2019 12:15 ET (16:15 GMT)
