Wednesday | August 10, 2022 |
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AGROLAND BUSINESS SYSTEM S.A. - AG

Conclusion of a contract with Mega Image

Release Date: 6/8/2022 8:30:10 AM

IRIS Code: B469B

 

To:   BUCHAREST STOCK EXCHANGE S.A.

         FINANCIAL SUPERVISORY AUTHORITY

 

CURRENT REPORT 29/2022

According to Law nr. 24/2017 regarding issuers of financial instruments and market operations, ASF regulation nr. 5/2018 regarding the issuers of financial instruments and market operations and/or the Bucharest Stock Exchange Rulebook for Multilateral Trading System.

Date of report

08.06.2022

Name of the Company

Agroland Business System S.A.

Registered Office

Timisoara, 14 Garii Street, Timis County, Romania

Phone/Fax

0731 333 791/0256 247 435

Email

investitor@agroland.ro

Trade Registry No.

J35/405/2009

Fiscal Code

RO 25165241

Subscribed and paid share capital

5,179,059.60 RON

Total number of shares

51,790,596

Market where securities are traded

MTS AeRO Premium / Bonds-SMT

The main characteristics of the securities issued by the issuer

Shares AG symbol

Corporate Bonds AGR25 symbol

Important events to be reported: Conclusion of a contract with Mega Image

The management of Agroland Business System S.A. (the “Company”) informs the market about the conclusion of a contract with Mega Image S.R.L. (“Mega Image”) for the delivery of eggs to 2 logistics platforms in the Bucharest area. The contract has been concluded for an unlimited period of time and the eggs are going to be distributed in several Mega Image stores in Bucharest.

The Company cannot estimate the total value of the contract at this point, the contract being a framework agreement, under which the Company will delivery part of its eggs production to Mega Image, based on the orders placed by the latter.

As part of its growth plans, the Company intends to conclude delivery contracts for its egg production with at least one more large retailer and to increase the production capacity at Avicola Mihailesti up to 200,000 laying hens by the end of the year, which will generate an approximate production of 5 million eggs per month (i.e., over 160,000 eggs per day). Currently, considering the process of replacing the hens which reached the end of the productivity cycle, the total production has been reduced to 80,000 eggs per day.

The Company will keep the market informed in respect to the evolution of the contract, through separate current reports.

 

CEO

Horia Dan Cardos

 



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