Trigon Agri has completed the conversion of bonds into shares

Photo by: Latifundist.com

Trigon Agri Company has announced today the successful completion of the conversion of 350 thousand SEK worth bonds into share capital.

This was reported on the company's website.

According to the report, after the conversion of 1.6 billion new shares (with the nominal value of €0.01), which corresponds to the total nominal value of €15.9 million, the shares were issued and delivered to the Trigon Agri bondholders' accounts, who have now become Trigon Agri shareholders.

The total number of shares issued by Trigon Agri is 1.73 billion, which corresponds to the total nominal value of €17.3 million.

"I am pleased to report that we have completed a full exchange of bonds for shares. Without the debt the company will be able to develop its assets and focus on profitable agricultural operations", said Chairman of the Board of Directors Johannes Bertorp.

We would like to remind that the Trigon Agri Company finished nine months of 2016 with €23.3 million of net loss compared to €34.2 million loss for the same period in 2015.