Skip to main content

Result of conversion of bonds to shares

Written by Customer Service on . Posted in Public Companies.

The deadline for request of conversion of the convertible bonds for 46,984,745.74 DKK signed in December 2017 and convertible bonds for 19,896,000 DKK signed in May 2018, expired on 31 August 2022.

The total issued bonds amount to 66,880,745.74 DKK divided on 25 bond owners.

Of these, 24 bond owners, totally representing 66,130,745.74 DKK, have chosen to convert their bonds into FirstFarms shares with effect from 1 October 2022. The shares will be issued at price 57.25 as to convertible bonds for 46,234,745.74 DKK signed December 2017 and at price 49.21 as to convertible bonds for 19,896,000 DKK signed May 2018, corresponding to a total of 1,211,889 shares.

Thus, a capital increase of DKK 12,118,890 DKK will be carried out as per 1 October 2022, corresponding to 1,211,889 shares at nominal 10 DKK, and the company’s new share capital will hereafter be 93,922,770 DKK.

The following closely related parties have requested conversion of bonds: Thoraso ApS (closely related to chairman Henrik Hougaard) for 39,234,983.05 DKK at price 49.21 and vice chairman Asbjørn Børsting for 816,949.15 DKK at price 57.25.

Best regards,
FirstFarms A/S

For further information:
Please visit our website www.firstfarms.com or contact CEO Anders H. Nørgaard on phone +45 75 86 87 87.

About FirstFarms:
FirstFarms is a Danish stock exchange listed company. We operate FirstFarms with responsibility for the surrounding communities, and we deliver highest quality which is primarily sold locally. We act on new opportunities, that create value for our investors and for the surroundings. Every day, we work on creating a more sustainable company.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.