Last checked at 27 Dec 2018 10:47
27 December 2018, Limassol, Cyprus
MHP SE
Exchange of shares
MHP SE (LSE:MHPC), the parent company of a leading international agro-industrial group with headquarters in Ukraine, focusing primarily on the production of poultry and cultivation of grain, today announces its decision to use MHP shares held in Treasury to take control over 14% of PrJSC "Agrofort" ("Agrofort") in exchange for 0.24% of MHP GDRs. (NOTE: the decision was adopted by the Board during the Board Meeting on November 15, 2017).
MHP together with its subsidiaries owned 86% of the issued share capital of Agrofort. The minority shareholder Director of Agrofort, has, until now, been the legal and beneficial owner of 14% of its issued share capital.
The minority shareholder of Agrofort has exchanged its share 256,414 MHP GDRs, which represent 0.24% of MHP's outstanding share capital.
The number of MHP shares received by a minority shareholder was calculated based on the relative consolidated EBITDA of MHP and Agrofort (without any discount or premium) as of the date of the Board Meeting. These shares had previously been bought by the Company through the share buy-back programs and had since been held in the Treasury.
Please address any questions or concerns to:
Anastasiia Sobotiuk (Kyiv) Director of IR & Company Secretary |
+38 044 207 00 70 +38 050 339 29 99 a.sobotyuk@mhp.com.ua
|
John Grant (London) Senior Independent Director |
+44 (0)7768 465042 johngrant13@btconnect.com |