Entity controlled by IMC chairman increased shareholding in the company

A legal entity Agrovalley Limited, controlled by Aleksandr Petrov, Chairman of the Board of IMC, increased its shareholding in the company to 79.64%, the WSE reports.

On 18 December 2020, the company purchased a total of 59 000 shares in IMC S.A. at a fixed price of 16.53 PLN (apx. USD 4.48) per share, increasing the total shareholding in IMC to 26 424 213 shares following the transaction, such shareholding being equivalent to 79.64% of total shares outstanding.

The number of IMC's shares issued: 33 178 000.

On 1 September 2020, the company purchased a total of 101 930 shares in IMC S.A.

For the period January-September 2020, IMC reported USD 113.84 mln of revenue.