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HOLDE AGRI INVEST S.A. - HAI

Approval of the share capital increase by the Sole Administrator

Release Date: 3/16/2021 6:00:13 PM

IRIS Code: BD24E

 

 

To:   BURSA DE VALORI BUCURESTI S.A.

          AUTORITATEA DE SUPRAVEGHERE FINANCIARA

 

 

 

CURRENT REPORT 10/2021

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

16.03.2021

Name of the Company

Holde Agri Invest S.A.

Registered Office

Splaiul Unirii nr. 16, 1st floor, Room 103, Office 3, Bucharest

Phone

+40 31 22 533 73

Email

investors@holde.eu

Trade Registry No.

J40/9208/2018

Fiscal Code

39549730

Subscribed and paid share capital

43,069,796 RON

Total number of shares

37,242,621 ordinary class “A” shares and 5,827,175 preference shares with class “B”

Market where securities are traded

MTS AeRO Premium, symbol HAI

 

Important events to be reported: Approval of the share capital increase by the Sole Administrator

The management of Holde Agri Invest S.A. (hereinafter referred to as the “Company”) informs the shareholders and investors that Holde Agri Management S.R.L., the Sole Administrator of the Company, has approved on 16.03.2021 the increase of the Company’s share capital from the nominal amount of RON 43,069,796 and up to the maximum nominal amount of RON 64,069,796 (the “Share Capital Increase”), by issuance of a number of up to 21,000,000 new nominative, dematerialized, Class A shares, with a nominal value of RON 1 per share and a total nominal value of RON 21,000,000 (the “New Shares”).

The capital increase will be realized by in-cash contribution. The difference between the subscription price for one New Share and the nominal value of one New Share (i.e. RON 1.0 per share) will contribute as share premium.

The share capital increase operation is effected in accordance with the resolution of the Company’s Extraordinary General Meeting of Shareholders dated 12 February 2021, which approved the delegation to the Sole Director for a period of three (3) years of the power to increase the share capital of the Company, by one or several share issues (regardless of their nature), by cash contribution, with a nominal amount of up to half of the subscribed share capital existing at the resolution date (i.e. up to RON 21,534,898).

The capital raised during the share capital increase operation will finance Company's development plans, such as acquisition of new farms, investments in storage, machinery, irrigation, modernizing the farm and the financing of an agri-tech start-up projects.

The resolution of the Sole Director is attached to this current report. The management will keep the shareholders and investors up to date regarding share capital increase process through current reports.

 

Representative of Holde Agri Management SRL, Sole Administrator of Holde Agri Invest S.A.

Eugen Gheorghe Voicu 

 



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