KERNEL HOLDING S.A. - KERNEL ENTERS INTO A BINDING AGREEMENT TO ACQUIRE A 108,000 HA FARMING BUSI...
KERNEL HOLDING S.A. - KERNEL ENTERS INTO A BINDING AGREEMENT TO ACQUIRE A 108,000 HA FARMING BUSINESS IN UKRAINE (6/2013)
| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNI - EN REPORT No | 6 | / | 2013 | ||||||||
| Date of issue: | 2013-04-11 | ||||||||||
| Short name of the issuer | |||||||||||
| KERNEL HOLDING S.A. | |||||||||||
| Subject | |||||||||||
| KERNEL ENTERS INTO A BINDING AGREEMENT TO ACQUIRE A 108,000 HA FARMING BUSINESS IN UKRAINE | |||||||||||
| Official market - legal basis | |||||||||||
| Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| Kernel Holding S.A. entered into a share purchase agreement to acquire an 80% interest in a farming business that manages 108,000 hectares of leasehold farmland and operates 100,000 tons of grain storage capacity. With a highly concentrated and fully-farmed land bank in the southern Chernihiv and Sumy regions and the northern Poltava region, the business is self-sufficient in working capital and is fully-equipped with modern farming machinery. Kernel will pay USD 68 million for the 80% interest in the business which has a current net debt of USD 101 million. Closing is subject to approval by the Antimonopoly Committee of Ukraine. Following the acquisition, Kernel expects to cultivate 422,000 ha of land in 2013 season. | |||||||||||
| Annexes | |||||||||||
| File | Description |
REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| | | KERNEL HOLDING S.A. | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | | (fullname of the issuer) | | | | | |
| | | KERNEL HOLDING S.A. | | Spożywczy (spo) | | | |
| | | (short name of the issuer) | | (sector according to clasification of the WSE in Warsow) | | | |
| | | L-1331 | | Luksemburg | | | |
| | | (post code) | | (city) | | | |
| | | boulevard Grande-Duchesse Charlotte 65 | | 65 | | | |
| | | (street) | | (number) | | | |
| | | (phone number) | | | (fax) | | |
| | | (e-mail) | | | (web site) | | |
| | | (NIP)
| | | (REGON) | | |
REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
|---|---|---|---|---|---|
| Date | Name | Position / Function | Signature | ||
| 2013-04-11 | A.Usachova, Y.Kovalchuk | Directors |
REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY