Capital increase at issuance of shares and issuance of convertible bonds

In continuation of company announcement 4/2017 of 31 January 2017, final closing of the purchase of Dan-Farm Holding A/S has now been carried out.

In that connection, new shares in FirstFarms A/S are issued to purchase the shares in Dan-Farm Holding A/S. Furthermore, convertible bonds in FirstFarms A/S are issued. The proceed will be used to repayment of loans in Dan-Farm Holding A/S from the former shareholders in the company.

Thus, 203,678 shares of DKK 10 are issued, corresponding to a capital increase of DKK 2,036,780. The shares are issued at price 46.15.

Furthermore, by a direct placement towards the shareholders in Dan-Farm Holding A/S, convertible bonds are issued for a total amount of DKK 13,218,415. If all these owners of the convertible bonds choose to utilise the right to convert in 2020, the capital increase will be DKK 2,864,230 corresponding to 286,423 shares.

Best regards
FirstFarms A/S

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

(5) Capital increase at issuance of shares / issuance of conv bonds


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Source: FirstFarms A/S via Globenewswire

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