Agrinos Announces Conversion of Bond with Strategic Investors
OSLO, Norway (August 17, 2016) ― Agrinos announces that it has completed the conversion of the outstanding Senior Convertible Bond into 34,760,275 shares at the agreed conversion rate of NOK 4 per share. Following completion of the conversion of the Bond the Company's share capital is NOK 1,532,386.57 divided among 153,238,657 shares each having a par value of NOK 0.01.
The bond, issued on November 12, 2014, was guaranteed by Agrinos' shareholders and strategic investors Manor Investment S.A. and Havfonn AS, as well as former Board of Directors member Gerardo Esquer.
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Agrinos is a biological crop input provider committed to improving the productivity and sustainability of modern agriculture. Agrinos’ range of biofertilizers and biostimulant products help farmers to practice profitable agriculture by providing increased crop productivity, improved efficiency of conventional fertilizer and a reduced environmental footprint.
Based on Agrinos’ proprietary High Yield Technology (HYT®) platform, 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 environmental stresses. 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.« Return to News