A new EUR 2 mln credit facility approved for Agromino

The Board of Directors of Agromino, at its meeting held on 30 May 2018, approved that a stand-by credit facility of (up to) EUR 2 million would be sought to be granted to the company to secure its working capital needs during the summer and autumn seasons.

The facility is likely to be opened/granted by one of Agromino´s shareholders, the company notes.

The Board of Directors will continue to pursue taking appropriate actions to use the authorization in articles 4d of the articles of association in order to increase the company’s share capital.

Reference: Petr Krogman, chairman of the Board of Directors, on 27 April 2018, sold through the Czech company Mabon 750,000 shares in Agromino and now indirectly holds 4,349,987 shares and voting rights in Agromino, corresponding to 24.96% of the total share capital and of the total voting rights of Agromino.