Board Members and Associated Companies Exercise Subscription Rights For 1.1m New Shares in Agrinos

Reference is made to the bridge loan announced November 8th, 2013 and the subsequent equity balance sheet strengthening announced December 11th, 2013 that combined included the issuance of in total 9 817 567 independent subscription rights for shares in Agrinos. 

The company today announces that companies associated with board member Morten Bergesen, and board member Gerardo Esquer have exercised 1 061 335 of these independent subscription rights (the “rights”) for new shares in Agrinos.

The rights are exercised for the subscription of  new shares in Agrinos at a price 15% below the volume weighted average price per share over the last 60 trading days prior to the notification of exercise. The 1 061 335 shares will be subscribed for at NOK 1.7 per share, providing NOK 1.8 million (USD ~0.3 million) in proceeds. Companies associated with board member Morten Bergesen exercised 972 832 rights and board member Gerardo Esquer exercised 88 503 rights.

The rights have been open for exercise since April 1st 2014 and the remaining 8 756 232 rights can be exercised in full or in part, on one or several occasions, on or before 5 weeks following the annual general meeting in Agrinos approving the annual accounts of 2014, but not later than 15 July 2015.

For further information, please contact:
Harald Bjørland
EVP Corporate Communications and IR
Mobile: +47 908 58 221
E-mail: harald.bjoerland@agrinos.com

About Agrinos

Agrinos is a biological crop input provider committed to improving the productivity and sustainability of modern agriculture. Agrinos’ range of High Yield Technology^® (“HYT^®”) products helps farmers to practice profitable agriculture by providing increased crop productivity, improved efficiency of conventional fertilizer and a reduced environmental footprint. 

Certified as organic and based on Agrinos’ proprietary technology, the HYT^® products provide benefits by strengthening the soil-based microbial ecosystem, stimulating crop development at key points in the growth cycle and boosting natural plant resistance to pathogens and threats. With solutions for a variety of crop categories, the technology comprising the HYT^® products has demonstrated its value in third-party trials in key agricultural regions worldwide.