Offer submission for acquisition of shareholding by AGRIA GROUP HOLDING AD
As a result of research and preliminary negotiations between Agria Group Holding AD and the owners of the capital of Almagest AD with UIC 175340142, Agria Group Holding AD has made an offer to acquire the ownership of 441,866 ordinary registered dematerialised shares with voting rights representing 100% of the capital of Almagest AD, which has been confirmed by the holders of the shares. Almagest AD is developing activities in the field of storage, processing of crops (corn and wheat) for the production of bioethanol used as a substitute for gasoline fuel in internal combustion engines and for the food industry and in the field of trade in grain seeds and ethanol produced from them. The production and trade of oilseed grains and vegetable oils are within the scope of Agria Group Holding's business lines as part of the holding's business model. An investment in the acquisition of the shares of the capital of Almagest AD suggests the potential for market presence of Agria Group Holding AD in the market of renewable energy sources (bioethanol), denatured ethanol and DDGS, for the expansion of the regional positioning of the company in different regions of the country and for business practices of synergy with the other business lines of the companies of the holding structure. The nature of such an investment would lead to long-term security and sustainability of the company's business model, better cash flow rhythmicity and value addition on a group level, in parallel with investments in the agribusiness and grain trading sectors.
Following the successful completion of negotiations and an empowering decision by the corporate management of Agria Group Holding AD, a deal is to be concluded for the acquisition of ownership of 441,866 ordinary registered dematerialised shares with voting rights representing 100% of the capital of Almagest AD.
A possible future transaction would ensure the implementation of part of the investment program of the holding in the direction of strengthening Agria Group Holding's presence in the renewable energy market, which is within the scope of the holding's business lines, in accordance with the long-term development strategy. Combining the business potential of Agria Group Holding AD and Almagest AD, would be representing a sustainable foundation for future successful development and diversification of the business lines developed by the company.
There are no related and/or interested parties involved in the future transaction. The transaction does not fall within the scope of Article 114(1) of the Securities Act, as this type of transaction, in accordance with the scope of activity of Agria Group Holding AD, in line with the provision of Article 114(10) of the Securities Act, is in the ordinary commercial activity, representing the sum of actions and transactions performed by the company within the scope of its business activity and in accordance with the ordinary commercial practice.
