News Column

Steenord has increased its shareholding in Agrokultura to 47,47%, which gives rise to an obligation to launch a mandatory public offer

August 12, 2014


This press release may not be distributed, either directly or indirectly, in or to Australia, Canada, Japan, New Zealand, South Africa, the US or any country in which this would require additional documentation, registration or other measures above and beyond what is required by Swedish law Steenord Corp (“Steenord”) on 12 August 2014 was the owner of 65,335,064 shares in Agrokultura AB (publ) (“Agrokultura”), and has on 12 August 2014 acquired 650,000 shares in Agrokultura, which is listed on Nasdaq OMX First North, whereby Steenord holds 65,985,064 Agrokultura shares. Accordingly, Steenord’s shareholding in Agrokultura increased from about 47% of Agrokultura’s share capital and voting rights to about 47,47% of the share capital and voting rights. This entails that Steenord is obliged to make a public offer to acquire the shares held by all of the shareholders in Agrokultura.

Steenord intends to return within four weeks with a decision on any public tender offer pertaining to the remaining shares in Agrokultura. If such a mandatory offer is submitted, the price to be offered will be SEK 4.50 per share, corresponding to the highest price that Steenord has paid during the most recent six-month period.

This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.

STEENORD CORP Sea Meadow House, Blackburne, Highway, PO Box 116, Road Town, Tortola, British Virgin Islands

This information was brought to you by Cision,c9627591

The following files are available for download:

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Cision

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters