Acquisition of an Ukrainian agricultural company
27-07-2011
The Board of Directors of Agroliga Group PLC (“the Company") informs that on 26 July 2011 the company signed an agreement regarding the acquisition of an agricultural company with land bank of 1500 ha based in Kharkov district. Under the agreement a value of the acquired entity has been set at 500 ths euro which the Issuer financed from own resources.
The new company will become a part of Agroliga Group PLC and thus improve the resource base and the profitability of agricultural holding. With the purchase of a new company, the Company will also increase its production capacity in the sector of agricultural crops.
Legal basis: § 3 subparagraph 2 point 2 of the Exhibit 3 to the Alternative Trading System Rules “Current and Periodical Information in the Alternative Trading System on the NewConnect Market"
The new company will become a part of Agroliga Group PLC and thus improve the resource base and the profitability of agricultural holding. With the purchase of a new company, the Company will also increase its production capacity in the sector of agricultural crops.
Legal basis: § 3 subparagraph 2 point 2 of the Exhibit 3 to the Alternative Trading System Rules “Current and Periodical Information in the Alternative Trading System on the NewConnect Market"
