AUGA Group AB
skrót: AUG
Ostatnie notowanie z: 21.01.2021 16:40
Aktualny kurs | 2,56 | 0 % | 0 zł |
Otwarcie | 2,80 | 9,38% |
Minimum | 2,56 | 0,00% |
Maksimum | 2,80 | 9,38% |
Wolumen (szt.) | 368 |
Kurs odniesienia | 2,56 |
Widełki dolne | 2,52 |
Widełki górne | 3,08 |
Obroty (tyś. zł) | 1 |
Kupno | ||
---|---|---|
Liczba zleceń | Wolumen | Limit cen |
1 | 5 | 1,72 |
1 | 1 | 0,11 |
1 | 4 000 | 0,01 |
Sprzedaż | |||
---|---|---|---|
Limit cen | Wolumen | Liczba zleceń | |
4,42 | 240 | 1 | |
6,80 | 3 912 | 2 | |
100,00 | 545 | 1 |
Nazwa | Komentarz | Akcje | (%) | Prawa głosu | (%) |
---|---|---|---|---|---|
Sintagma UAB | 125 167 939 | 55,04% | 125 167 939 | 55,04% | |
EBOiR | 19 810 636 | 8,71% | 19 810 636 | 8,71% | |
UAB ME investicija | 18 963 721 | 8,34% | 18 963 721 | 8,34% | |
Marcinkievicius Zilvinas | 15 919 138 | 7,00% | 15 919 138 | 7,00% |
- pdf
21.08.2018
CD Projekt, PKP Cargo, PKN Orlen, 11 bit studios, Cognor, Comarch, Grodno, Idea Bank, Getin, Inpro, K2 Internet, Krezus, MCI Capital, Pfleiderer Group, Auga Group
CD Projekt, PKP Cargo, PKN Orlen, 11 bit studios, Cognor, Comarch, Grodno, Idea Bank, Getin, Inpro, K2 Internet, Krezus, MCI Capital, Pfleiderer Group, Auga Group
- pdf
21.08.2018
CD Projekt, PKP Cargo, PKN Orlen, 11 bit studios, Cognor, Comarch, Grodno, Idea Bank, Getin, Inpro, K2 Internet, Krezus, MCI Capital, Pfleiderer Group, Auga Group
CD Projekt, PKP Cargo, PKN Orlen, 11 bit studios, Cognor, Comarch, Grodno, Idea Bank, Getin, Inpro, K2 Internet, Krezus, MCI Capital, Pfleiderer Group, Auga Group
- 01.12.2020 15:16
AUGA GROUP AB (211/2020) AUGA group, AB presentation of financial results for the 9 months of 2020
01.12.2020 15:16AUGA GROUP AB (211/2020) AUGA group, AB presentation of financial results for the 9 months of 2020
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") published presentation of financial results for the 9 months of 2020 (see attachment), which will be presented in the Company's investor conference webinar on the December 1 of 2020.
To join the webinar, please register via following link: https://register.gotowebinar.com/register/4664261777105274895 . You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
Contacts:
Mindaugas Ambrasas, AUGA group, AB CFO
Phone: +370 620 67296
Email: m.ambrasas@auga.lt
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- 30.11.2020 23:07
AUGA GROUP AB Raport okresowy kwartalny 3/2020 Q
30.11.2020 23:07AUGA GROUP AB Raport okresowy kwartalny 3/2020 Q
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 3 kwartał(y) narastająco / 2020 okres od do kwartał(y) narastająco / okres od do 3 kwartał(y) narastająco / 2020 okres od 2020-01-01 do 2020-09-30 kwartał(y) narastająco / 2019 okres od 2019-01-01 do 2019-09-30 Revenue 62,379 47,054 Operating profit 4,968 1,702 Profit for the period 438 -1,279 Total comprehensive income attributable to equity holders 438 -1,279 Net cash generated from operating activities 7,814 996 Net cash used in investing activities -5,639 -2,182 Net cash generated from financial activities -2,480 -285 Total assets 227,912 212,920 Total equity Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 26.11.2020 08:13
AUGA GROUP AB (210/2020) The companies of AUGA group, AB have signed agreements with financial institutions to refinance loans and provide additional limits
26.11.2020 08:13AUGA GROUP AB (210/2020) The companies of AUGA group, AB have signed agreements with financial institutions to refinance loans and provide additional limits
The companies of AUGA group, AB (hereinafter - the Group) have signed agreements to refinance loans and provide additional limits with the Lithuanian branch of AS "Citadele banka", the Lithuanian branch of Luminor Bank AS, and "Swedbank",AB on November 25 of this year. The parties have agreed on long-term cooperation which will allow the Group to focus more attention and allocate more resources to increasing efficiency and developing new technologies, thus helping it to achieve the goals set out in the Group's strategy.
"For some time now, the Group has been seeking to achieve the goal that's set out in our strategy. That is to refinance its existing liabilities and to restructure its funding structure, by reducing the short-term and increasing the long-term liabilities in our portfolio. We are pleased that the growing results of the Group and the favourable attitude of banks to our business sector, alongside AUGA group, AB sustainability strategy, have helped us to find mutually acceptable solutions," - commented Mindaugas Ambrasas, CFO of AUGA group, AB.
According to the new agreements, the banks will finance the main operating companies of the Group. AUGA group, AB as a legal entity, will remain the issuer of the bonds. It is expected that this solution will increase the transparency of the Group's operations. It will also allow banks and bondholders to better assess the performance of the financed companies.
The agreements with these financial institutions specify that in total, the contracts signed amount to EUR 38.1 million and this means that the new credit limits will increase by EUR 11.6 million in comparison with previous limits. For reference, the Groups revenue increased 20% during the first half of 2020 versus the prior year, and EBIDTA grew 24% in the respective period. Based on the new contracts, the Group will be required to allocate less than EUR 3 million annually to repay its long-term loans. This will give the Group more flexibility and opportunities for investment and expansion.
"We are currently actively working to reduce the greenhouse gas emissions of the Group's operations and developing unique technologies in three key areas that account for the majority of emissions. We are also paying a lot of attention to improving the efficiency of existing business segments so that we can bring the yield and cost structure of organic farming in line with the level of conventional farming. All of these goals require significant investment; therefore, these new loan terms will allow us to find better quality solutions and help us achieve the results we hope for more quickly," - commented Kestutis Juscius, CEO of AUGA group, AB.
Contacts:
Mindaugas Ambrasas, AUGA group, AB CFO
Phone: +370 620 67296
Email: m.ambrasas@auga.lt
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- 24.11.2020 16:01
AUGA GROUP AB (209/2020) AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2020
24.11.2020 16:01AUGA GROUP AB (209/2020) AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2020
AUGA group, AB invites shareholders, investors, analysts, and other stakeholders to join the webinar scheduled on the December 1 of 2020 at 4.00 PM (EET). The presentation will be held in English.
During the webinar, Mindaugas Ambrasas, CFO of AUGA group, AB and Eimantas Gudonis, Head of Finance Department of AUGA group, AB will introduce the performance and unaudited financial results of the company for the 9 months of 2020.
After the presentation participants of the webinar will have an opportunity to ask relevant questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until November 30 to emilija.ivanauskaite@nasdaq.com .
To join the webinar, please register via following link: https://register.gotowebinar.com/register/4664261777105274895
You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
Contacts:
Mindaugas Ambrasas, AUGA group, AB CFO
Phone: +370 620 67296
Email: m.ambrasas@auga.lt
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 16.11.2020 15:31
AUGA GROUP AB (208/2020) WOOD & Company has published a report on AUGA group, AB
16.11.2020 15:31AUGA GROUP AB (208/2020) WOOD & Company has published a report on AUGA group, AB
WOOD & Company, the leading investment bank in Central and Eastern Europe, has published its research report on AUGA group, AB. The report covers the share price valuation, operations and financial forecasts, and the Company's strategy, also provides general trends of organic food market.
In 2020, European Bank for Reconstruction and Development (EBRD) launched a research programme in support of the development of small and medium-sized enterprises and now the initiative is expanding to the Baltic states. Three companies from the region are participating in this program, including the NASDAQ listed company AUGA group, AB. The two-year research programme is being conducted by WOOD & Company, an investment bank specialising in emerging markets.
"We are pleased that such a high-level organization has conducted an evaluation of our Company, and this will open new opportunities for us in the international arena. This assessment confirms that we are on the right track and investors believe in the future vision of AUGA group, AB, and a goal to become a synonym for sustainable food and lifestyle", - says Kęstutis Juščius, CEO of AUGA group, AB.
You can read the report: https://listed-sme.com/en-GB/issuer/AUG1L
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- 06.11.2020 12:35
AUGA GROUP AB (207/2020) CORRECTION: Dates of periodic information disclosure of AUGA group, AB for the year 2020 (investor calendar)
06.11.2020 12:35AUGA GROUP AB (207/2020) CORRECTION: Dates of periodic information disclosure of AUGA group, AB for the year 2020 (investor calendar)
Correction: date in Lithuanian announcement was corrected. Correction is made in Lithuanian announcement only.
AUGA group, AB (legal entity code: 126264360, registered office address: Konstitucijos pr. 21C, Vilnius; hereinafter - the Company) is planning to announce the results of the Company in the year 2020 as follows:
28 February 2020 Consolidated unaudited interim financial report for twelve months of 2019
6 April 2020 Consolidated audited annual financial report for the year 2019
29 May 2020 Consolidated unaudited interim financial report for the first three months of 2020
31 August 2020 Consolidated unaudited half-yearly financial report for the first six months of 2020
30 November 2020 Consolidated unaudited interim financial report for the first nine months of 2020
General manager
Kęstutis Juščius
+370 5 233 5340
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- 02.09.2020 07:02
AUGA GROUP AB (206/2020) AUGA group, AB presentation of financial results for the 6 months of 2020
02.09.2020 07:02AUGA GROUP AB (206/2020) AUGA group, AB presentation of financial results for the 6 months of 2020
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") published presentation of financial results for the 6 months of 2020 (see attachment), which will be presented in the Company's investor conference webinar on the September 2 of 2020.
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/3440357996802297355 . You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 31.08.2020 19:09
AUGA GROUP AB Raport okresowy półroczny za 2020 PS
31.08.2020 19:09AUGA GROUP AB Raport okresowy półroczny za 2020 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2020 półrocze / półrocze / 2020 półrocze / Revenue 34.698 28.841 Operating profit 4.222 2.300 Profit for the period 1.300 341 Total comprehensive income attributable to equity holders 1.310 369 Net cash generated from operating activities 4.834 1.843 Net cash used in investing activities (3.155) (1.610) Net cash generated from financing activities (4.357) (1.643) Total assets 221.286 206.723 Total equity 91.474 90.075 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 28.08.2020 15:16
AUGA GROUP AB (205/2020) AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 6 months of 2020
28.08.2020 15:16AUGA GROUP AB (205/2020) AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 6 months of 2020
AUGA group, AB invites shareholders, investors, analysts, and other stakeholders to join the webinar scheduled on the September 2 of 2020 at 9.00 (EET). The presentation will be held in English.
During the webinar, Mindaugas Ambrasas, CFO of AUGA group, AB and Eimantas Gudonis, Head of Finance Department of AUGA group, AB will introduce the performance and unaudited financial results of the company for the 6 months of 2020.
After the presentation participants of the webinar will have an opportunity to ask relevant questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until September 1 to simona.backiene@nasdaq.com
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/2524590155566254603 .
You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 20.06.2020 13:28
AUGA GROUP AB (203/2020) Enlight Research has published a report on AUGA group
20.06.2020 13:28AUGA GROUP AB (203/2020) Enlight Research has published a report on AUGA group
Investment research company Enlight Research has published its research report on AUGA group, AB. The report covers the company's strategy and market position, also provides forecasts and share price valuation.
You can read the report: http://auga.lt/en/for-auga-investors/reports-and-prezentations/#tabs
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 02.06.2020 09:28
AUGA GROUP AB (202/2020) AUGA group, AB held an investor conference webinar
02.06.2020 09:28AUGA GROUP AB (202/2020) AUGA group, AB held an investor conference webinar
AUGA group, AB (hereinafter, the "Company") on June 1, 2020, held an investor conference webinar where Company's CEO Kęstutis Juščius and Chief Financial Officer Mindaugas Ambrasas introduced the performance and unaudited financial results of AUGA group, AB for the 3 months of 2020.
The full recording of investor conference webinar can be viewed here: https://www.youtube.com/watch?v=4UH2rVON8ic
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- 01.06.2020 07:54
AUGA GROUP AB (201/2020) AUGA group, AB has published detailed Strategy presentation for investors
01.06.2020 07:54AUGA GROUP AB (201/2020) AUGA group, AB has published detailed Strategy presentation for investors
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") has published a new detailed Strategy presentation for investors (see attachment). The document reviews the main guidelines, implementation stages and principles of the AUGA Strategy 2025 (see attachment) adopted in April and approved by the Independent Board.
The presentation describes the current activities and the main facts about the Company. It covers the trends in the organic food market, also explaining how the new AUGA strategy is in line with the European Commission's recently published the "Farm to Fork" strategy.
The presentation explains in detail the Company's short-term strategy (2020-2023) and the future (2020-2025), as well as the benefits that this strategy will bring to shareholders, potential investors and all other stakeholders.
As previously announced, in April AUGA group, AB has published its 2025 business strategy and reframed its vision and mission. The key aims of the Company include improving efficiency in existing business units, designing a sustainable organic food architecture, and reducing greenhouse gas emissions.
In the newly introduced strategy, the Company formulates AUGA group, AB vision of becoming a synonym for sustainable food and lifestyle. The mission to deliver organic food with no cost to nature is also set out.
The strategy presentation of AUGA group, AB and the full strategy document can be found here: http://auga.lt/en/for-auga-investors/
Attached:
Presentation
Strategy
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- 31.05.2020 17:20
AUGA GROUP AB (200/2020) AUGA group, AB presentation of financial results for the 3 months of 2020
31.05.2020 17:20AUGA GROUP AB (200/2020) AUGA group, AB presentation of financial results for the 3 months of 2020
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") published presentation of financial results for the 3 months of 2020 (see attachment), which will be presented in the Company's investor conference webinar on the June 1 of 2020.
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/3440357996802297355 . You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 29.05.2020 18:33
AUGA GROUP AB Raport okresowy kwartalny 1/2020 Q
29.05.2020 18:33AUGA GROUP AB Raport okresowy kwartalny 1/2020 Q
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2020 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2020 okres od 2020-01-01 do 2020-03-31 1 kwartał(y) narastająco / 2019 okres od 2019-01-01 do 2019-03-31 Revenues 17,038 14,886 Operating profit 1,615 1,122 Profit for the period 176 167 Total comprehensive income attributable to equity holders 189 177 Net cash generated from operating activities (2,170) (1,013) Net cash used in investing activities (941) (803) Net cash generated from financing activities 279 928 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 29.05.2020 18:27
Auga Group przejmie spółkę Grybai
29.05.2020 18:27Auga Group przejmie spółkę Grybai
Auga Group jest producentem żywności ekologicznej. Głównym akcjonariuszem spółki jest Baltic Champs Group. (PAP Biznes)
doa/ asa/
- 29.05.2020 18:08
AUGA GROUP AB (199/2020) Companies controlled by AUGA group, AB acquired the control of Cooperative company "Grybai LT"
29.05.2020 18:08AUGA GROUP AB (199/2020) Companies controlled by AUGA group, AB acquired the control of Cooperative company "Grybai LT"
On 28 May 2020, the companies controlled by AUGA group, AB (the Company) Cooperative Company "AgroMilk", Cooperative Company "Juodmargėlis" and Cooperative Company "Šventosios pievos" signed the sale-purchase agreements with former shareholders regarding the acquisition of all the shares of Cooperative Company "Grybai LT" (the Cooperative), which produces AUGA preserved products, at a total price of almost EUR 1.5 million. Thus, together with other members of the Cooperative, also controlled by the Company, Baltic Champs, UAB and UAB "AUGA Luganta" acquired the control of the Cooperative through 100% of its share capital.
Acquiring the control of the Cooperative and buying out all of its shares will allow the Company to improve gross profit of the end-consumer packaged goods business segment and further grow the sales in this segment.
CEO
Kestutis Juscius
+370 5 233 5340
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- 26.05.2020 09:00
AUGA GROUP AB (198/2020) AUGA group, AB will hold an Investor Conference Webinar to introduce unaudited financial results for the 3 months of 2020
26.05.2020 09:00AUGA GROUP AB (198/2020) AUGA group, AB will hold an Investor Conference Webinar to introduce unaudited financial results for the 3 months of 2020
AUGA group, AB (hereinafter, the "Company") invites shareholders, investors, analysts and other stakeholders to join its investor conference webinar scheduled on the June 1 of 2020 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by Company's CEO Kęstutis Juščius and Head of Finance Departament Mindaugas Ambrasas who will introduce the performance and unaudited financial results of AUGA group for the 3 months of 2020.
After the presentation participants are welcome to ask questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until May 29 to simona.backiene@nasdaq.com
How to join the webinar?
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/3440357996802297355 . You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
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- 30.04.2020 16:31
AUGA GROUP AB (197/2020) Decisions of the Ordinary General Meeting of Shareholders of AUGA group, AB which Took Place on 30th April 2020
30.04.2020 16:31AUGA GROUP AB (197/2020) Decisions of the Ordinary General Meeting of Shareholders of AUGA group, AB which Took Place on 30th April 2020
Podstawa prawna: The Ordinary General Meeting of Shareholders of AUGA group, AB (legal entity code 126264360, address: Konstitucijos ave. 21C, Vilnius; Company) took place on 30 April 2020, the shareholders attending the meeting held 175,869,880 shares, which entitled them to 175,869,880 votes (i.e. 77,33% of votes granted by all shares of the Company).
The following decisions have been taken at the General Meeting of Shareholders:ū
1. Consolidated Annual Report of the Company for the year 2019 and Auditor's Report.
Decision:
Taken for the information.
2. Approval of Consolidated and Separate Annual Financial Statements of the Company for the year 2019.
Decision:
To approve Consolidated and Separate Annual Financial Statements for the year 2019.
3. Approval of the Profit (loss) allocation of the Company for the year 2019.
Decision:
To distribute the Company‘s profit in the total sum of EUR 7,586,288 available for appropriation, as follows:
No. Ratios Amount, Euros
1. Non-allocated profit (loss) of the previous year
at the end of the financial year as of 31 December 8,733,304
2. Net profit (loss) for the financial year (1,394,016)
3. Profit (loss) for the reporting financial
year not recognized in the profit and loss account -
4. Share based payment for employees' expenses
accounted in the profit and loss account 247,000
5. Shareholders' contribution against losses -
6. Portion of the reserve of tangible fixed assets -
7. Profit (loss) for allocation (1+2+3+4+5+6) 7,586,288
8. Allocation of profit to compulsory reserve -
9. Allocation of profit to reserve for granting of shares 885,000
10. Allocation of profit to other reserves -
11. Allocation of profit to dividends -
12. Allocation of profit to tantièmes -
13. Non-allocated profit (loss) at the end of the reporting year
carried forward to next financial year (7-8-9-10-11-12) 6,701,288
4. Appointment of the auditor to audit Consolidated Financial Statements of the Company for the year 2020 and approval of auditor's remuneration.
Decision:
To appoint UAB PricewaterhouseCoopers (code: 111473315) as the Company‘s audit enterprise to perform the audit of the Consolidated and Separate Financial Statements for the 2020 financial year. To authorize the Company‘s General manager to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than EUR 54,000 (fifty four thousand) (VAT excluded) per year for the audit of the Company‘s Consolidated and Separate Financial Statements.
5. Approval of the new wording of the rules on granting Company's shares to employees and (or) members of the bodies of the Company.
Decision:
To approve the new wording of the rules on granting Company's shares to employees and (or) members of the bodies of the Company as per the attached draft.
6. Approval of the Remuneration policy of executives of the Company.
Decision:
To approve the Remuneration policy of executives of the Company as per the attached draft.
7. Provision of the Strategy of the Company and its implementation report.
Decision:
Taken for the information.
CEO
Kestutis Juscius
+370 5 233 5340
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- 27.04.2020 09:13
AUGA GROUP AB (196/2020) INFORMATION FOR MEDIA: AUGA group, AB introduces its five-year strategy: key aims include delivering organic food with no cost to nature and becoming a synonym for sustainability
27.04.2020 09:13AUGA GROUP AB (196/2020) INFORMATION FOR MEDIA: AUGA group, AB introduces its five-year strategy: key aims include delivering organic food with no cost to nature and becoming a synonym for sustainability
AUGA group, AB (hereinafter the Company) has published its 2025 business strategy and reframed its vision and mission. The key aims of the Company include improving efficiency in existing business units, designing a sustainable organic food architecture, and reducing greenhouse gas emissions.
In the newly introduced strategy, the Company formulates AUGA group, AB vision of becoming a synonym for sustainable food and lifestyle. The mission to deliver organic food with no cost to nature is also set out.
"On behalf on the whole Board, I am really thrilled with the AUGA group, AB strategy 2025. This is the result of coordinated work among the Management team and the Board members. The strategy puts forward a very ambitious goal that does not only seek to improve the efficiency of food production, but also aims at the creation of a new standard in sustainability in what is a relatively traditional business sector," says Dalius Misiūnas, AUGA group, AB Chairman of the Board.
The key goal of AUGA group, AB innovation agenda is significantly reducing greenhouse gas emissions by 2025 (with up to 50% reductions targeted per crop growing and dairy production unit), ultimately turning the Company into a CO2eq neutral player in organic food by 2030.
Another important goal for the Company is improving efficiency in existing business units (crop growing, dairy, mushroom growing, and fast-moving consumer goods). This agenda will allow for the alignment of yield and cost structures between conventional and organic.
The Company aims to improve efficiency and reduce its impact on nature by building a new operational model, called Sustainable Organic Food Architecture (or SOFA). The new innovation scheme will enable the Company to address the most pressing technological bottlenecks in the world of food production whilst retaining scale, quality and yield productivity as it grows. Moreover, it will retain the synergies of AUGA group, AB previously used closed-loop sustainable farming model.
Key roles in the new business model are attributed to the following technologies and processes: biogas infrastructure, specialised feed technology, and regenerative crop-rotation.
Biogas cycle infrastructure will enable farm operations to run without fossil fuels. Manure in the cycle, in its secondary role, will be utilised both for fertilisation, and as a source for the production of biofuel. Specialised feed technology will reduce methane emissions from ruminants. Regenerative crop-rotation will see a share of cereal cultures substituted for leguminous grasses that have carbon sequestration and nitrogen fixation capabilities. This will not only reduce the absolute rate of emissions, but will also become an integral part of the Company's livestock operations. The business model described in AUGA group, AB strategy will become a platform for engagement with key stakeholders.
The Company expects to gather around itself a community of consumers, farmers, lenders and shareholders that will express their preferences for a more sustainable life via their consumption and active engagement in the food value chain. By doing so, the Company will meet the rising demand for new standards in the food industry which are being driven by consumer needs.
"Certainly, the idea of what constitutes sustainable is different for every single group in the AUGA community. To consumers it is a more sustainable way to eat, to farmers a more sustainable way to work, and for lenders and shareholders it is a more sustainable way to invest and receive financial returns. The new face of AUGA group, AB will be an asset-light, agtech-driven company, based on a self-sufficient circular model, that presents the world with an opportunity to live more sustainably," says Kęstutis Juščius, CEO of AUGA group, AB.
The publication of the Company's strategy coincides with a recently released study called Decade to Deliver, a joint publication by the UN Global Compact voluntary business initiative and the consulting company Accenture. The study calls on businesses to create more ambitious action plans with the aim of mitigating climate change by 2030.
The independent Board, formed in 2019, is actively engaged in the implementation of good governance practices. The Company relies on a wide array of long-standing experience in the ranks of the Board, from finance and investment through to sustainability, energy, fast moving consumer goods and academia, especially when it comes to setting strategic directions.
AUGA group, AB strategy was published via the Nasdaq Vilnius stock exchange and on the Company's web site: http://auga.lt/en/for-auga-investors/.
About AUGA group, AB:
AUGA group, AB is the largest vertically-integrated organic food company in Europe. The group of companies has developed a sustainable farming model on organically certified arable land. The model is based on new technologies, and specialises in crop, dairy and mushroom production. Using proprietary and contracted manufacturing as well as raw materials of its own production, the Company produces a wide range of organic food products for the end consumer as well as organic commodities. The group of companies employs over 1,200 people. AUGA group, AB is listed on the Nasdaq Vilnius and Warsaw stock exchanges. In 2019, the group's revenue amounted to EUR 71 million.
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- 22.04.2020 18:23
AUGA GROUP AB (195/2020) AUGA group, AB Notification of transactions by persons discharging managerial responsibilities
22.04.2020 18:23AUGA GROUP AB (195/2020) AUGA group, AB Notification of transactions by persons discharging managerial responsibilities
Podstawa prawna: AUGA group, AB (Company) received notifications of transactions by persons discharging managerial responsibilities (attached).
Notifications have been received in respect of execution of option transactions under the programme whereunder the Company shall grant its shares in the future to the employees and members of management of the Company and its subsidiaries (Employees). Under such option agreements, after 3 years Employees shall be entitled to elect whether to receive from the Company the shares specified in their option agreements.
Shares shall be granted to the Employees free of charge (i.e. for EUR 0), shares shall be paid up from the company's reserve formed for granting the shares to employees.
CEO
Kestutis Juscius
+370 5 233 5340
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- 22.04.2020 18:13
AUGA GROUP AB (194/2020) AUGA group, AB progresses with its employee motivation scheme through share options
22.04.2020 18:13AUGA GROUP AB (194/2020) AUGA group, AB progresses with its employee motivation scheme through share options
Podstawa prawna: The organic producer AUGA group, AB (hereinafter the Company) is progressing with its employee motivation scheme through share options. The Company has made a decision to allocate a further 2.35 million shares to the employees and members of management bodies of the Company and its subsidiaries (hereinafter Employees). In total, since last spring the Company has so far allocated 4.9 million shares to its Employees. It also plans to assign a further more than 3 million shares for the same purpose in the future.
The Company launched its first option programme last spring. Almost 2.55 million shares were allocated to Employees in this first stage.
The programme is being continued this year, with the allocation of a further 2.35 million shares.
A motion to approve an additional more than 3 million shares for future allocation has also been included in the agenda for the upcoming regular general meeting of the shareholders of the Company.
"The Company has recently adopted a new long-term strategy which foresees the creation of a sustainable food chain. We have a very ambitious set of goals that can only be achieved by top talent with the highest levels of dedication. I am certain that the option programme launched last year will motivate our best employees to persevere with the Company's goals. That is why we remain committed to the programme and plan to remain so in the future," says Kęstutis Juščius, CEO of AUGA group, AB.
The Company's share option programme is aimed at increasing Employee motivation and engagement. Shares are primarily granted to the Employees who make the highest impact on the success of the Company's operations.
Under existing agreement conditions, Employees are entitled to receive a specified number of Company shares after a period of 3 years. These shares are distributed to the Employees free of charge and funded by a Company reserve that has been formed for that purpose.
CEO
Kestutis Juscius
+370 5 233 5340
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- 17.04.2020 21:11
AUGA GROUP AB (193/2020) Notice on the update of questions of the agenda of the ordinary General Meeting of Shareholders of AUGA group, AB on 30 April 2020 by drafts of decisions and related information
17.04.2020 21:11AUGA GROUP AB (193/2020) Notice on the update of questions of the agenda of the ordinary General Meeting of Shareholders of AUGA group, AB on 30 April 2020 by drafts of decisions and related information
Podstawa prawna: By this notice AUGA group, AB (code 126264360, address Konstitucijos ave. 21C, Vilnius, Company) updates the questions 4-7 of the agenda of the ordinary general meeting of shareholders of the Company on 30 April 2020 by drafts of decisions and related information and make correction of question 3 drafts of decision:
CORRECTION: Proposed corrected draft of the decision regarding question 3 of the agenda of the meeting is the following:
3. Approval of the profit (loss) allocation of the Company for the year 2019
To distribute the Company‘s profit in the total sum of EUR 7,586,288 available for appropriation, as follows:
No. Ratios Amount, Euros
1. Non-allocated profit (loss) of the previous year at the end of the
financial year as of 31 December 2019 8,733,304
2. Net profit (loss) for the financial year (1,394,016)
3. Profit (loss) for the reporting financial year not recognized in
the profit and loss account -
4. Share based payment for employees expenses accounted
in the profit and loss account 247,000
5. Shareholders' contribution against losses -
6. Portion of the reserve of tangible fixed assets -
7. Profit (loss) for allocation (1+2+3+4+5+6) 7,586,288
8. Allocation of profit to compulsory reserve -
9. Allocation of profit to reserve for granting of shares 885,000
10. Allocation of profit to other reserves -
11. Allocation of profit to dividends -
12. Allocation of profit to tantiems -
13. Non-allocated profit (loss) at the end of the reporting year
carried forward to next financial year (7-8-9-10-11-12) 6,701,288
4. Appointment of the auditor to audit consolidated financial statements of the Company for the year 2020 and approval of auditor's remuneration.
To appoint UAB "PricewaterhouseCoopers" (code: 111473315) as the Company‘s audit enterprise to perform the audit of the consolidated and separate financial statements for the 2020 financial year. To authorize the Company‘s general manager to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than EUR 54,000 (fifty four thousand) (VAT excluded) per year for the audit of the Company‘s consolidated and separate financial statements.
5. Approval of the new wording of the rules on granting Company's shares to employees and (or) members of the bodies of the Company
Approve the new wording of the of the rules on granting Company's shares to employees and (or) members of the bodies of the Company as per the attached draft.
6. Approval of the remuneration policy of executives of the Company
Approve the remuneration policy of executives of the Company as per the attached draft.
7. Provision of the Strategy of the Company and its implementation report.
Comment on the new strategy of the Company on behalf of the Board:
First, the Board members are happy to share the results of work which started immediately after the election of the Board and has been lasting for nearly a year. The strategy has been a top priority task for the Board which will now shape the growth story of AUGA group. Second, it is also important to inform you that a more detailed presentation on the strategy will follow in an event for the investors as soon as the COVID-19 outbreak slows down.
The draft of the decision: Taken for information.
Attached:
1. Draft of the new wording of the rules on granting Company's shares to employees and (or) members of the bodies of the Company
2. Draft remuneration policy of executives of the Company
3. Strategy of the Company
4. General voting ballot
CEO
Kestutis Juscius
+370 5 233 5340
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- 11.04.2020 11:48
AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2019 RS
11.04.2020 11:48AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2019 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2019 2019 2018 Revenue 71,134 54,749 Operating profit 1,009 -3,938 Profit for the period -3,218 -5,980 Total comprehensive income attributable to equity holders -3,228 -5,957 Net cash generated from operating activities 5,415 -11,486 Net cash used in investing activities -2,443 -6,036 Net cash generated from financing activities -1,519 19,183 Total assets 206,723 171,890 Total equity 90,075 91,715 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 11.04.2020 11:25
AUGA GROUP AB Raport okresowy półroczny za 2019 PS
11.04.2020 11:25AUGA GROUP AB Raport okresowy półroczny za 2019 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2019 półrocze / półrocze / 2019 półrocze / 2018 I. Revenue 71,134 54,749 II. Operating profit 1,009 -3,938 III. Profit for the period -3,218 -5,980 IV. Total comprehensive income attributable to equity holders -3,228 -5,957 V. Net cash generated from operating activities 5,415 -11,486 VI. Net cash used in investing activities -2,443 -6,036 VII. Net cash generated from financing activities -1,519 19,183 VIII. Total assets 206,723 171,890 IX. Total equity 90,075 91,715 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 08.04.2020 20:44
AUGA GROUP AB (192/2020) Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 30 April 2020
08.04.2020 20:44AUGA GROUP AB (192/2020) Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 30 April 2020
At the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos avenue 21C, Vilnius, Company) the ordinary general meeting of shareholders of the Company is being convened on 30 April 2020, at 10.00 a.m.
The meeting will be held at the conference room at the business center QUADRUM NORTH, address Konstitucijos avenue 21C, Vilnius.
The registration of the shareholders begins at 9:30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 23 April 2020.
Taking into account the recommendations of the Ministry of Economics and Innovations of the Republic of Lithuania and of the Bank of Lithuania, in case on the day of the general meeting of shareholders the quarantine regime shall still be in force in the territory of the Republic of Lithuania, all the shareholders shall have a right to participate in the general meeting of shareholders only by a single mean, foreseen in the Law of the Republic of Lithuania on Companies - by filling the General Ballot Paper and providing it in advance to the Company. If the quarantine regime will already be revoked on the day of the general meeting of shareholders, it shall take place with no limitations regarding the form of attendance thereof.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2019 and Auditor's report.
2. Approval of consolidated set of annual financial statements of the Company for the year 2019.
3. Approval of the profit (loss) allocation of the Company for the year 2019.
4. Appointment of the auditor to audit consolidated financial statements of the Company for the year 2020 and approval of auditor's remuneration.
5. Amendment of the rules for granting Company's shares to employees and (or) members of the bodies of the Company and approval of new wording thereof.
6. Approval of the remuneration policy of executives of the Company.
7. Provision of the Strategy of the Company and its implementation report.
Drafts of decisions with related documentation and further information shall be published separately by supplementing this notice.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 227,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 24:00. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Form of the general ballot paper to vote in this meeting shall be provided together with publishing the last update to the notice not later than by 10 days prior to the general meeting date. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper shall also be provided on the Company's website at www.auga.lt not later than by 10 days prior to the general meeting date The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
As it is indicated above, in case on the day of the general meeting of shareholders the quarantine regime shall still be in force in the territory of the Republic of Lithuania, all the shareholders shall have a right to participate in the general meeting of shareholders only by a single mean - by filling the General Ballot Paper and providing it in advance to the Company at the aforementioned address and method.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented, if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Management Board of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder, if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at the Company's website at www.auga.lt under the heading "For investors". In case the quarantine regime shall be revoked in the territory of the Republic of Lithuania the shareholders shall have a right to familiarize with the aforementioned documents at the registered address of the Company at AUGA group, AB, at the address Konstitucijos avenue. 21C, Vilnius, and on the indicated Company's website at www.auga.lt.
CEO
Kestutis Juscius
+370 5 233 5340
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- 02.04.2020 08:53
AUGA GROUP AB (191/2020) The COVID-19 pandemic's effects on AUGA group, AB business operating environment
02.04.2020 08:53AUGA GROUP AB (191/2020) The COVID-19 pandemic's effects on AUGA group, AB business operating environment
In light of the COVID-19 pandemic's effects on the business environment, AUGA group, AB (hereinafter the Group, the Company) has taken measures to evaluate the most significant coronavirus-related risks throughout the Company's key business units, namely crop growing, dairy production, mushroom growing and fast moving consumer goods (FMCG).
Currently, all companies at AUGA group are operating at the required capacity, corresponding to the current season. Additional measures have been taken to ensure the safety of the Company's employees and the continuation of its daily activities. Office-based employees are working on a remote basis, while activities in farm fields and production facilities have been rearranged in order to minimize unnecessary contact and prevent potential ways the contagion might spread.
At the market level, agricultural production companies stand out as some of the least affected at this point of the crisis, given the nature of their produce and increasing demand from households. Nevertheless, the Company's management is considering all the possible threats to the Group's key business areas and is working to alleviate their effects.
Crop growing
The Company's management is not seeing any significant changes in the crop market, especially since all obligations are executed according to existing agreements. Nevertheless, the irregular situation in the logistics sector might pose the risk of rising transportation costs in the nearest future. Furthermore, the Group could face a labour shortage if the numbers of infected or quarantined persons were to rise dramatically. Nevertheless, the management is ready to mitigate this risk with options provided by temporary employment, given that interest on the labour side is growing.
Dairy
Milk production is running at regular capacity and there are no problems with product demand. It is delivered to the local market (the Baltic States and Poland) and mainly used for fresh consumer products. The management is not seeing at present nor does it forecast a decrease of demand in this segment. The expected proportion of milk to be sold as organic should amount to around 90%.
Mushroom growing
The biggest threat in the mushroom growing segment is related to production, given the labour intensity of the production operations. Therefore, the Company is implementing various measures to ensure the safety of employees and to minimize contact between them. As with crop growing, the Group could face a shortage of labour if the number of infected or quarantined persons were to increase dramatically. Nevertheless, the management is ready to address this matter through temporary employment.
In terms of the status of mushroom operations, production is working at regular capacity at the moment. While sales to wholesalers working with HoReCa have been negatively affected, this has been offset by an increase in retail sales. As a result, demand for packaged mushrooms is growing, which is having a positive impact on the profit margin of the segment. Under the current circumstances, the long-term goal of the business unit to increase the proportion of organic product sales could be delayed due to uncertainties in the Group's main markets.
The Company could face some difficulties if international borders were closed not only for people but also for goods. Such a situation would impair the Company's ability to deliver its products in time, taking into account the fact that the majority (70-80%) of its production is exported.
FMCG
The management is observing growing demand for long shelf-life packaged products (dairy products, soups, etc.) across all markets. In terms of the associated risks in this segment, these are mainly related to possible interruptions in the supply chain of raw materials that the Group cannot produce in-house.
The current liquidity situation of the Group is satisfactory. In order to strengthen the Group's working capital in light of some anticipated delays in customer payments, additional financing opportunities have been secured.
To conclude, the management of AUGA group does not expect significant negative effects on the results of the Group due to the COVID-19 pandemic in the short-run. Nevertheless, the full impact on the Group's 2020 results cannot be fully assessed, due to the unpredictable nature of the situation. It is difficult to forecast the possible effects of decline in income and purchasing power of consumers on demand for AUGA group products.
We are closely monitoring the situation and are committed to constantly updating our stakeholders on important developments in the market and the Company.
CEO
Kęstutis Juščius
+370 5 233 5340
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- 04.03.2020 09:04
AUGA GROUP AB (190/2020) AUGA group, AB held an investor conference webinar
04.03.2020 09:04AUGA GROUP AB (190/2020) AUGA group, AB held an investor conference webinar
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") on March 2, 2020, held an investor conference webinar where Company's CEO Kęstutis Juščius and Head of Finance Department Eimantas Gudonis reviewed the performance and unaudited financial results of AUGA group for the 12 months of 2019.
The full recording of investor conference webinar can be viewed here: https://bit.ly/2TyT3ba
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- 28.02.2020 20:41
AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2019 RS
28.02.2020 20:41AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2019 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2019 2019 2018 Revenue 71.134 54.749 Operating profit 1.132 (3.938) Profit for the period (3.014) (5.980) Total comprehensive income attributable to equity holders (3.025) (5.957) Net cash generated from operating activities 5.568 (11.486) Net cash used in investing activities (2.514) (6.036) Net cash generated from financing activities (1.519) 19.183 Total assets 210.018 171.890 Total equity 92.047 91.715 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 27.02.2020 07:25
AUGA GROUP AB (189/2020) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 12 months of 2019
27.02.2020 07:25AUGA GROUP AB (189/2020) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 12 months of 2019
AUGA group invites shareholders, investors, analysts and other stakeholders to join its investor conference webinar scheduled on the March 2 of 2020 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by Company's CEO Kęstutis Juščius and Head of Finance Department Eimantas Gudonis who will introduce the performance and unaudited financial results of AUGA group for the 12 months of 2019.
After the presentation participants are welcome to ask questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until March 1 to simona.backiene@nasdaq.com.
How to join the webinar?
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/343122799717264907. You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only a few seconds. In case plug-in cannot be downloaded, a web browser which enables attending the webinar, will open automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
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- 19.02.2020 10:02
AUGA GROUP AB (188/2020) CORRECTION: AUGA group became the first Baltic issuer on the Nasdaq Sustainable Bond Network
19.02.2020 10:02AUGA GROUP AB (188/2020) CORRECTION: AUGA group became the first Baltic issuer on the Nasdaq Sustainable Bond Network
Organic producer AUGA group became the first company in the Baltic States to join the Nasdaq Sustainable Bond Network. The new Nasdaq platform is designed for investors looking for opportunities to invest in sustainable companies.
The correction was made in English announcement only.
AUGA group issued green bonds for Eur 20 million nominal value At the end of last year. This is the first fully privately-owned listed entity in the Baltic states to issue green bonds and one of the largest bond issues on the Nasdaq Baltic in terms of value and number of investors.
The Nasdaq Sustainable Bond Network and market are both among the first of this kind in the world. It distinguishes between three categories of bonds: Green, Social and Sustainable. International standards define Sustainable Bonds as loans used to finance projects that bring clear environmental and social-economic benefits. Green Bonds are defined as loans used to finance projects and activities that benefit the environment.
AUGA group has set itself a goal of minimizing greenhouse gas emissions from its operations.
To accomplish this, the company is applying a closed-loop organic farming model that seeks synergies among different brands of agriculture and secondary use of organic waste in the farms. The company uses min-till technologies in most of its cultivated lands. These technologies protect soil from erosion, preserve biodiversity and reduce fuel consumption, thus reducing greenhouse gas emissions. Certified green energy produced from renewable energy sources is used in all production and administrative facilities.
The company measures greenhouse gas emissions from its operations. At present most of the emissions are from the use of fossil fuels, emissions from cultivated soil and cattle enteric fermentation. In order to reduce emissions in these areas, AUGA group is developing biogas application technologies to replace the fossil fuels used in agricultural machinery.
Crop rotation will be improved to achieve the increased proportion of crops with carbon sequestration and nitrogen accumulation properties. The company is also developing specialised feed technology to ensure forage preparation and feed composition in order to substantially reduce methane emissions from bovine enteric fermentation.
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- 19.02.2020 09:12
AUGA GROUP AB (188/2020) AUGA group became the first Baltic issuer on the Nasdaq Baltic Bond Network
19.02.2020 09:12AUGA GROUP AB (188/2020) AUGA group became the first Baltic issuer on the Nasdaq Baltic Bond Network
Organic producer AUGA group became the first company in the Baltic States to join the Nasdaq Sustainable Bond Network.
The new Nasdaq platform is designed for investors looking for opportunities to invest in sustainable companies.
AUGA group issued green bonds for Eur 20 million nominal value At the end of last year. This is the first fully privately-owned listed entity in the Baltic states to issue green bonds and one of the largest bond issues on the Nasdaq Baltic in terms of value and number of investors.
The Nasdaq Sustainable Bond Network and market are both among the first of this kind in the world. It distinguishes between three categories of bonds: Green, Social and Sustainable. International standards define Sustainable Bonds as loans used to finance projects that bring clear environmental and social-economic benefits. Green Bonds are defined as loans used to finance projects and activities that benefit the environment.
AUGA group has set itself a goal of minimizing greenhouse gas emissions from its operations.
To accomplish this, the company is applying a closed-loop organic farming model that seeks synergies among different brands of agriculture and secondary use of organic waste in the farms.
The company uses min-till technologies in most of its cultivated lands. These technologies protect soil from erosion, preserve biodiversity and reduce fuel consumption, thus reducing greenhouse gas emissions. Certified green energy produced from renewable energy sources is used in all production and administrative facilities.
The company measures greenhouse gas emissions from its operations. At present most of the emissions are from the use of fossil fuels, emissions from cultivated soil and cattle enteric fermentation. In order to reduce emissions in these areas, AUGA group is developing biogas application technologies to replace the fossil fuels used in agricultural machinery.
Crop rotation will be improved to achieve the increased proportion of crops with carbon sequestration and nitrogen accumulation properties. The company is also developing specialised feed technology to ensure forage preparation and feed composition in order to substantially reduce methane emissions from bovine enteric fermentation.
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- 28.01.2020 17:35
AUGA GROUP AB (187/2020) Dates of periodic information disclosure of AUGA group, AB for the year 2020 (investor calendar)
28.01.2020 17:35AUGA GROUP AB (187/2020) Dates of periodic information disclosure of AUGA group, AB for the year 2020 (investor calendar)
AUGA group, AB (legal entity code: 126264360, registered office address: Konstitucijos pr. 21C, Vilnius; hereinafter - the Company) is planning to announce the results of the Company in the year 2020 as follows:
28 February 2020
Consolidated unaudited interim financial report for twelve months of 2019
6 April 2020
Consolidated audited annual financial report for the year 2019
29 May 2020
Consolidated unaudited interim financial report for the first three months of 2020
31 August 2020
Consolidated unaudited half-yearly financial report for the first six months of 2020
30 November 2020
Consolidated unaudited interim financial report for the first nine months of 2020
General manager
Kęstutis Juščius
+370 5 233 5340
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- 18.12.2019 18:19
AUGA GROUP AB (186/2019) AUGA group, AB Tranche 1 of green bonds will be introduced to trading on a regulated market as from 20 December 2019; the documents regarding establishment of collateral in favour of the bondholders have been signed
18.12.2019 18:19AUGA GROUP AB (186/2019) AUGA group, AB Tranche 1 of green bonds will be introduced to trading on a regulated market as from 20 December 2019; the documents regarding establishment of collateral in favour of the bondholders have been signed
On 18 December 2019 the board of AB Nasdaq Vilnius has adopted the decision to introduce to trading on regulated market (AB Nasdaq Vilnius Bond list) all 20,000 units of green bonds of AUGA group, AB (the "Company") with a nominal value of EUR 1,000 each, issued under the base prospectus, approved by the Bank of Lithuania on 25 November 2019 and under the Final Terms (the "Final Terms") of Tranche 1 of bonds (respective decisions of the Board of the Company were adopted on 22 and 25 November 2019 as well as on 5 December 2019, the "Bonds").
In addition to that on 18 December 2019 the Company has signed all the needed documentation with the Bond trustee UAB "Audifina" establishing a security package (land mortgage) in favour of the Bondholders, as indicated in the Final Terms.
The person authorized to provide additional information:
General Manager:
Kęstutis Juščius
+370 5 233 5340
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- 13.12.2019 16:20
AUGA GROUP AB (185/2019) AUGA group, AB has allocated all tranche 1 bonds of the aggregate nominal value of EUR 20,000,000, with the demand being 125% of the offer base
13.12.2019 16:20AUGA GROUP AB (185/2019) AUGA group, AB has allocated all tranche 1 bonds of the aggregate nominal value of EUR 20,000,000, with the demand being 125% of the offer base
AUGA group, AB (the "Company") hereby informs that the total demand for bonds to be issued under the base prospectus, approved by the Bank of Lithuania on 25 November 2019 and under the Final Terms of Tranche 1 of bonds (respective decisions of the Board of the Company were adopted on 22 and 25 November 2019 as well as on 5 December 2019, hereafter the "Bonds") was 125 percent of the offer base and total demand by retail investors was approx. 26 percent of total demand. All retail demand was satisfied in full. Investors from the Baltic Sea region formed the majority of the demand.
Consequently, on 13 December 2019 the Board of the Company, taking into account the recommendation of AS LHV Pank, which is the global lead manager of the offering of bonds, inter alia decided:
1) to determine that the final number of Bonds shall be 20,000;
2) to allocate the Bonds, as follows: (i) 6,418 units shall be allocated to the retail investors, regarding which the public and private offerings were executed and (ii) 13,582 units shall be allocated to the institutional investors;
3) to establish that for the category of investors, which have subscribed the Bonds for an aggregate amount of at least EUR 3,000,000, the issue price per such Bond is EUR 920.15.
The Bonds are expected to be delivered to investors on or about 17 December 2019 and trading in the Bonds is expected to commence on Nasdaq Vilnius until the end of the year 2019.
Global Lead Manager of the offering of bonds was AS LHV Pank, legal adviser - law firm TGS Baltic.
The person authorized to provide additional information:
General Manager:
Kęstutis Juščius
+370 5 233 5340
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- 05.12.2019 16:43
AUGA GROUP AB (184/2019) Announcement of the amended and restated final terms of tranche 1 of bonds under the base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
05.12.2019 16:43AUGA GROUP AB (184/2019) Announcement of the amended and restated final terms of tranche 1 of bonds under the base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
Podstawa prawna: NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
Auga group, AB (the "Company"), based on the recommendations of the global lead manager AS LHV Pank and requests of the potential institutional investors, has decided to amend and restate the final terms of tranche 1 of bonds (the "Bonds"), offered and to be introduced to trading on the Baltic Bond List of AB Nasdaq Vilnius under the base prospectus for the programme (the "Programme") of the offering of bonds of the Company in the amount of up to EUR 60,000,000 and admission thereof to trading on the Baltic Bond List of AB Nasdaq Vilnius (hereinafter, the "Prospectus") approved by the Bank of Lithuania and passported to the Estonian Financial Supervision Authority on 25 November 2019 (the "Final Terms", please see the attached document with annexes).
The main changes of the initial Final Terms, announced by the Company on 27 November 2019 are the following:
(i) to extend the subscription term of the Bonds until 12 December 2019 (instead of 6 December 2019 under the initial Final Terms), due to which also other dates, related to Bonds were changed accordingly (i.e. expected issue date of Bonds to 17 December 2019, interest payment dates to 17 December of each year until 2024 and the maturity date of Bonds to 17 December 2024);
(ii) taking into consideration that some of the investors may invest material amounts into Bonds (EUR 3,000,000), the possibility was established to determine a possible different issue price of Bonds to such investors (i.e. if the amount invested shall be up to EUR 3,000,000 the issue price will be fixed at EUR 1,000, whereas if the amount invested shall be at least EUR 3,000,000, the issue price may be established by the Issuer, in consultation with the global lead manager, lower than EUR 1,000, depending on provided subscriptions by such investors. The exact issue price to this category of investors will be decided by the Board of the Company and announced together with announcement on final allocation of Bonds.
All other main terms and conditions in connection with the offering of Bonds have not changed and remain the same as indicated by the Company in its Prospectus announced on 26 November 2019 and in the initial Final Terms, announced on 27 November 2019 (which are also repeated in the amended and restated Final Terms, announced via this notification).
Taking into consideration that the initial Final Terms of tranche 1 of Bonds announced by the Company on 27 November 2019 were amended and restated, the Company also informs that the subscriptions made and payments made by the investors during the course of the offering of Bonds prior to the date of publication of the attached amended and restated Final Terms remain valid, unless withdrawn by the respective each separate investor at any time within 2 (two) business days as of announcement of the attached amended and restated Final Terms, in accordance with the Regulation 2017/1129. This right of withdrawal is only granted to those investors who had already agreed to purchase and subscribe for the Bonds before the attached amended and restated Final Terms were published. The Investors may contact the intermediaries, via which they have provided their subscriptions, should they wish to exercise the right of withdrawal as indicated above.
The exact conditions for subscription, payment and allocation of Bonds and other information related thereto are established in the Base Prospectus and in the attached amended and restated Final Terms.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any offering of securities to the public shall be made only on the basis of information contained in the Prospectus. The Prospectus shall be the sole legally binding document containing information on the Company and the offering of securities as well as on admission of Company's securities to trading on regulated market AB Nasdaq Vilnius which, when published with the Final Terms of the respective Tranche Bonds and other related documents, shall be obtained from the website of the Company (www.auga.lt), as well as they shall be published on www.crib.lt, www.nasdaqbaltic.com, www.gpwinfostrefa.pl and www.gpw.pl. Additionally, for information purposes only, the Prospectus, Final Terms of the respective Bonds and other related documents shall be published on the Global Lead Manager's AS LHV Pank website (www.lhv.ee).
Approval of the Prospectus should not be understood as an endorsement of the securities offered and admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
The Prospectus has been prepared on the basis that there will be no public offers of the Company's Bonds, other than the offering to the public in the territories of the Republic of Lithuania and of the Republic of Estonia in accordance with the Regulation 2017/1129.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
CFO:
Martynas Repečka
+370 5 233 5340
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- 03.12.2019 16:45
AUGA GROUP AB (183/2019) AUGA group, AB updated presentation for investors and held an investor conference webinar
03.12.2019 16:45AUGA GROUP AB (183/2019) AUGA group, AB updated presentation for investors and held an investor conference webinar
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") updated the presentation about the Company (see attachment). The presentation covers key business segments, Company‘s focus on sustainability and the most important financial data.
On December 2, 2019, the Company held an investor conference webinar where Company's CEO Kęstutis Juščius and CFO Martynas Repečka reviewed the performance and unaudited financial results of AUGA group for the 9 months of 2019.
The full recording of investor conference webinar can be viewed here: https://bit.ly/2OHomzg
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- 29.11.2019 08:17
AUGA GROUP AB Raport okresowy półroczny za 2019 PS
29.11.2019 08:17AUGA GROUP AB Raport okresowy półroczny za 2019 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2019 półrocze / półrocze / 2019 półrocze /2018 I. Revenues 47,054 42,164 II. Operating profit 1,702 -3,193 Profit for the period -1,279 -4,878 Total comprehensive income attributable to equity holders -1,287 -4,768 Net cash generated from operating activities 996 -10,605 Net cash used in investing activities -2,182 -4,938 Net cash generated from financing activities -285 18,583 Total assets 212,920 171,890 Total equity 90,584 91,715 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 28.11.2019 07:59
AUGA GROUP AB (182/2019) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 9 months period of 2019
28.11.2019 07:59AUGA GROUP AB (182/2019) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 9 months period of 2019
AUGA group invites shareholders, investors, analysts and other stakeholders to join its investor conference webinar scheduled on the December 2 of 2019 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by the Company's management who will introduce the performance and unaudited financial results of AUGA group for the 9 months of 2019.
Due to limited webinar time, we encourage participants to send their questions before the webinar until 1 December 2019 to simona.backiene@nasdaq.com.
How to join the webinar?
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/7749116463040258060
You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only few seconds. In case plug-in can't be downloaded, a web browser which enables attending the webinar, opens automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
Martynas Repečka, CFO,
+370 5 233 5340
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- 27.11.2019 16:28
AUGA GROUP AB (181/2019) The first tranche of AUGA group green bonds programme will be offered next week
27.11.2019 16:28AUGA GROUP AB (181/2019) The first tranche of AUGA group green bonds programme will be offered next week
Organic producer AUGA group confirmed the final terms of the first tranche of its green bonds programme, which will be offered for subscription on December 2-6 this year. Being the first fully privately-owned entity in the Baltic states to issue green bonds, the company will seek to raise up to EUR 20 million via a public offering in Lithuania and Estonia.
As stated in the prospectus for the programme of the offering of bonds, approved by the Bank of Lithuania the company can issue the bonds in the amount of up to EUR 60 million. The bonds will be issued in tranches and offered to private and public investors.
The final term sheet of the first tranche of bonds indicates that the offering of up to EUR 20 million will be issued, and the nominal value of one bond will be EUR 1000. Maturity date is 11 December 2024, annual interest - 6 per cent. The bonds have 100% collateral coverage by the land owned and cultivated by the group companies in Lithuania.
LHV bank is a global lead manager, bookrunner and arranger of the programme, Šiaulių bankas - a syndicated sales agent in Lithuania. Nevertheless, the subscription orders may be submitted through any financial institutions that are members of AB Nasdaq Vilnius. All issued bonds will be admitted to trading on the Baltic Bond List of Nasdaq Vilnius.
The bond programme of the company was evaluated by the Center for International Climate Research (CICERO), which provides second opinion for the majority of green bonds issued around the world. Independent reviewers acknowledged that company bonds are in line with the stated definition of green bonds within the International Capital Market Association Green Bond Principles. The fact that the company received green rating from the independent auditors confirms that its projects actually contribute to the reduction of the environmental impact in the long term.
"After successful execution of secondary public offering of shares last year and the implementation of unique governance model in Lithuania with independent board, the use of this new financial instrument to attract investment into development of sustainable agricultural business is a natural step for the company. Despite of the fact that agriculture generates almost one quarter of global greenhouse gas emissions, we don't see companies of this sector in the green bonds market. AUGA group is also the only listed private capital company in the Baltic States that received green bonds rating. We expect that the investor community as well as private individuals will contribute to the implementation of our ideas, even more so in the context of today's low interest rates we offer especially attractive return on investment ", - says Dalius Misiūnas, Chairman of the Board of AUGA group.
AUGA group has set itself a goal of minimizing greenhouse gas emissions from its operations.
To accomplish this, the company is applying a closed-loop organic farming model that seeks synergies among different brands of agriculture and secondary use of organic waste in the farms. The company uses min-till technologies in most of its cultivated lands. These technologies protect soil from erosion, preserve biodiversity and reduce fuel consumption, thus reducing greenhouse gas emissions. Certified green energy produced from renewable energy sources is used in all production and administrative facilities.
The company measures greenhouse gas emissions from its operations. At present most of the emissions are from the use of fossil fuels, emissions from cultivated soil and cattle enteric fermentation. In order to reduce emissions in these areas, AUGA group is developing biogas application technologies to replace the fossil fuels used in agricultural machinery once the biogas tractor is developed. Crop rotation will be improved to achieve the increased proportion of crops with carbon sequestration and nitrogen accumulation properties, thus, absorbing CO2 from the atmosphere and reducing greenhouse gas emissions. The company is also developing specialised feed technology to ensure forage preparation and feed composition in order to substantially reduce methane emissions from bovine enteric fermentation.
AUGA seeks that the food it produces is not only good for consumers but also good for the planet - grown in a sustainable, environmentally friendly way.
About AUGA group:
AUGA group is the largest vertically-integrated organic food company in Europe. The group of companies in organically certified arable land develops sustainable farming model, based on new technologies, specializing in crops, dairy cows, chicken and mushroom growing. Using proprietary and contracted manufacturing, the company produces a wide range of organic food products for the end consumer as well as organic commodities. The group of companies employ over 1,200 people. AUGA group is listed on the NasdaqVilnius and Warsaw stock exchanges.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any offering of securities to the public shall be made only on the basis of information contained in the Prospectus. The Prospectus shall be the sole legally binding document containing information on the Company and the offering of securities as well as on admission of Company's securities to trading on regulated market AB Nasdaq Vilnius which, when published with the Final Terms of the respective Tranche Bonds and other related documents, shall be obtained from the website of the Company (www.auga.lt), as well as they shall be published on www.crib.lt, www.nasdaqbaltic.com, www.gpwinfostrefa.pl and www.gpw.pl. Additionally, for information purposes only, the Prospectus, Final Terms of the respective Bonds and other related documents shall be published on the Global Lead Manager's AS LHV Pank website (www.lhv.ee).
Approval of the Prospectus should not be understood as an endorsement of the securities offered and admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
The Prospectus has been prepared on the basis that there will be no public offers of the Company's Bonds, other than the offering to the public in the territories of the Republic of Lithuania and of the Republic of Estonia in accordance with the Regulation 2017/1129.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
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- 27.11.2019 16:21
AUGA GROUP AB (180/2019) Announcement of final terms of tranche 1 of bonds under the base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
27.11.2019 16:21AUGA GROUP AB (180/2019) Announcement of final terms of tranche 1 of bonds under the base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
Podstawa prawna: NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
Auga group, AB (the "Company") has approved the final terms of tranche 1 of bonds (the "Final Terms", please see the attached document with the annexes) to be offered and introduced to trading on the Baltic Bond List of AB Nasdaq Vilnius under the base prospectus for the programme (the "Programme") of the offering of bonds of the Company in the amount of up to EUR 60,000,000 and admission thereof to trading on the Baltic Bond List of AB Nasdaq Vilnius (hereinafter, the "Prospectus") approved by the Bank of Lithuania and passported to the Estonian Financial Supervision Authority on 25 November 2019 (for more information on the Prospectus please see the announcement of the Company, dated 26 November 2019).
Under the Final Terms, the Company may issue the bonds of tranche 1 (the "Bonds") up to an aggregate principal amount of EUR 20,000,000. Annual interest rate of the Bonds shall be 6%, nominal value and issue price per Bond shall be EUR 1,000, maturity date 11 December 2024.
The Bonds (as well as other bonds to be issued under the Programme, if any) shall be green, as under the application of the Company, CICERO Shades of Green has issued a second opinion (attached as annex to the Final Terms), establishing that the Bonds are in line with the stated definition of green bonds within the International Capital Market Association Green Bond Principles. The Bonds of the tranche 1 shall also be secured by first ranking mortgage over agricultural land owned and/or cultivated by the group companies, also ensuring collateral coverage ratio until maturity of the Bonds of not less than 100% (summaries of the original valuation reports and the list of assets to be provided as collateral are attached as annex to the Final Terms).
Subscription period as to acquisition of Bonds shall be from 2 December 2019 till 6 December 2019 (until 15:30 Vilnius time). As this tranche 1 of Bonds offering will be executed via technical means of AB Nasdaq Vilnius, the subscription orders may be submitted through any financial institutions that are members of AB Nasdaq Vilnius. A complete and up to date list of these financial institutions can be found at the following address: https://www.nasdaqbaltic.com/statistics/en/members. Expected issue date of Bonds on or about 11 December 2019.
The exact conditions for subscription, payment and allocation of Bonds and other information related thereto are established in the Base Prospectus and in the Final Terms.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any offering of securities to the public shall be made only on the basis of information contained in the Prospectus. The Prospectus shall be the sole legally binding document containing information on the Company and the offering of securities as well as on admission of Company's securities to trading on regulated market AB Nasdaq Vilnius which, when published with the Final Terms of the respective Tranche Bonds and other related documents, shall be obtained from the website of the Company (www.auga.lt), as well as they shall be published on www.crib.lt, www.nasdaqbaltic.com, www.gpwinfostrefa.pl and www.gpw.pl. Additionally, for information purposes only, the Prospectus, Final Terms of the respective Bonds and other related documents shall be published on the Global Lead Manager's AS LHV Pank website (www.lhv.ee).
Approval of the Prospectus should not be understood as an endorsement of the securities offered and admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
The Prospectus has been prepared on the basis that there will be no public offers of the Company's Bonds, other than the offering to the public in the territories of the Republic of Lithuania and of the Republic of Estonia in accordance with the Regulation 2017/1129.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
CFO:
Martynas Repečka
+370 5 233 5340
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- 26.11.2019 08:39
AUGA GROUP AB (179/2019) CORRECTION: Approved base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
26.11.2019 08:39AUGA GROUP AB (179/2019) CORRECTION: Approved base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
Podstawa prawna: Correction: correct attachment of the Certificate of Approval of a Base Prospectus provided
Prospectus/Announcement of Prospectus
On 25 November 2019 the Bank of Lithuania approved the base prospectus for the programme (the "Programme") of the offering of bonds (the "Bonds") of Auga group, AB (the "Company") in the amount of up to EUR 60,000,000 and admission thereof to trading on the Baltic Bond List of Nasdaq Vilnius AB (hereinafter, the "Prospectus", please see the attached documents) and passported thereof to the Estonian Financial Supervision Authority.
The Company may issue Bonds up to an aggregate principal amount of EUR 60,000,000. The Bonds shall be issued and offered in tranches (the "Tranches", individually a "Tranche"). The terms and conditions of each Tranche shall consist of (i) the general terms and conditions of Bonds which are identified in the Prospectus and which shall apply to each Tranche and (ii) the Final Terms of each separate Tranche, applicable to a concrete Tranche of Bonds (hereinafter, the "Final Terms"), to be announced prior to the offering of the respective Tranche of Bonds.
The aggregate principal amount of Bonds of each of the Tranches shall be specified in the Final Terms. The Company may decrease the aggregate principal amount of a Tranche as set out in the Final Terms during the subscription period of that Tranche.
The decision with regards to the approval of the Programme, issue of Bonds, offering and admission thereof to trading on the regulated market has been adopted by the Board of the Company on 22 November 2019. The offerings of the respective Tranches of Bonds will also be approved by the decisions of the Board.
Following the Prospectus, the Programme consists of: (i) public offering(s) to retail investors and institutional investors in the Republic of Lithuania and in the Republic of Estonia, and/or (ii) private placement(s) (offering(s)) to institutional investors and retail investors in certain Member States of the EEA in each case pursuant to an exemption under Article 1 of the Regulation 2017/1129. The Bonds shall not be offered publicly in any country other than Lithuania and Estonia.
The exact terms for subscription of separate Tranches of Bonds, final nominal value and issue price, final number of the Bonds, interest rate, maturity date thereof, collateral (if established) and other information shall be established and announced in the Final Terms of each Tranche of Bonds prior to the offering of the respective Tranche of Bonds.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any offering of securities to the public shall be made only on the basis of information contained in the Prospectus. The Prospectus shall be the sole legally binding document containing information on the Company and the offering of securities as well as on admission of Company's securities to trading on regulated market AB Nasdaq Vilnius which, when published with the Final Terms of the respective Tranche Bonds and other related documents, shall be obtained from the website of the Company (www.auga.lt), as well as they shall be published on www.crib.lt, www.nasdaqbaltic.com, www.gpwinfostrefa.pl and www.gpw.pl. Additionally, for information purposes only, the Prospectus, Final Terms of the respective Bonds and other related documents shall be published on the Global Lead Manager's AS LHV Pank website (www.lhv.ee).
Approval of the Prospectus should not be understood as an endorsement of the securities offered and admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
The Prospectus has been prepared on the basis that there will be no public offers of the Company's Bonds, other than the offering to the public in the territories of the Republic of Lithuania and of the Republic of Estonia in accordance with the Regulation 2017/1129.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
CFO:
Martynas Repečka
+370 5 233 5340
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- 26.11.2019 07:58
Auga Group może wyemitować obligacje o wartości do 60 mln euro
26.11.2019 07:58Auga Group może wyemitować obligacje o wartości do 60 mln euro
Decyzja w sprawie zatwierdzenia programu emisji obligacji, oferty i dopuszczenia ich do obrotu na rynku regulowanym została podjęta przez zarząd spółki 22 listopada 2019 r.
Obligacje będą emitowane w transzach. (PAP Biznes)
doa/ ana/
- 26.11.2019 07:43
AUGA GROUP AB (179/2019) Approved base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
26.11.2019 07:43AUGA GROUP AB (179/2019) Approved base prospectus of programme of offering of bonds of AUGA group, AB and their admission to trading on AB Nasdaq Vilnius
Podstawa prawna: NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
Prospectus/Announcement of Prospectus
On 25 November 2019 the Bank of Lithuania approved the base prospectus for the programme (the "Programme") of the offering of bonds (the "Bonds") of Auga group, AB (the "Company") in the amount of up to EUR 60,000,000 and admission thereof to trading on the Baltic Bond List of Nasdaq Vilnius AB (hereinafter, the "Prospectus", please see the attached documents) and passported thereof to the Estonian Financial Supervision Authority.
The Company may issue Bonds up to an aggregate principal amount of EUR 60,000,000. The Bonds shall be issued and offered in tranches (the "Tranches", individually a "Tranche"). The terms and conditions of each Tranche shall consist of (i) the general terms and conditions of Bonds which are identified in the Prospectus and which shall apply to each Tranche and (ii) the Final Terms of each separate Tranche, applicable to a concrete Tranche of Bonds (hereinafter, the "Final Terms"), to be announced prior to the offering of the respective Tranche of Bonds.
The aggregate principal amount of Bonds of each of the Tranches shall be specified in the Final Terms. The Company may decrease the aggregate principal amount of a Tranche as set out in the Final Terms during the subscription period of that Tranche.
The decision with regards to the approval of the Programme, issue of Bonds, offering and admission thereof to trading on the regulated market has been adopted by the Board of the Company on 22 November 2019. The offerings of the respective Tranches of Bonds will also be approved by the decisions of the Board.
Following the Prospectus, the Programme consists of: (i) public offering(s) to retail investors and institutional investors in the Republic of Lithuania and in the Republic of Estonia, and/or (ii) private placement(s) (offering(s)) to institutional investors and retail investors in certain Member States of the EEA in each case pursuant to an exemption under Article 1 of the Regulation 2017/1129. The Bonds shall not be offered publicly in any country other than Lithuania and Estonia.
The exact terms for subscription of separate Tranches of Bonds, final nominal value and issue price, final number of the Bonds, interest rate, maturity date thereof, collateral (if established) and other information shall be established and announced in the Final Terms of each Tranche of Bonds prior to the offering of the respective Tranche of Bonds.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any offering of securities to the public shall be made only on the basis of information contained in the Prospectus. The Prospectus shall be the sole legally binding document containing information on the Company and the offering of securities as well as on admission of Company's securities to trading on regulated market AB Nasdaq Vilnius which, when published with the Final Terms of the respective Tranche Bonds and other related documents, shall be obtained from the website of the Company (www.auga.lt), as well as they shall be published on www.crib.lt, www.nasdaqbaltic.com, www.gpwinfostrefa.pl and www.gpw.pl. Additionally, for information purposes only, the Prospectus, Final Terms of the respective Bonds and other related documents shall be published on the Global Lead Manager's AS LHV Pank website (www.lhv.ee).
Approval of the Prospectus should not be understood as an endorsement of the securities offered and admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
The Prospectus has been prepared on the basis that there will be no public offers of the Company's Bonds, other than the offering to the public in the territories of the Republic of Lithuania and of the Republic of Estonia in accordance with the Regulation 2017/1129.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
CFO:
Martynas Repečka
+370 5 233 5340
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- 22.11.2019 09:21
AUGA GROUP AB (178/2019) AUGA group entered U.S. market
22.11.2019 09:21AUGA GROUP AB (178/2019) AUGA group entered U.S. market
Organic producer AUGA group has successfully entered the U.S. market. The company started selling its products at one of the largest retail chains in the country, Costco.
"We started preparing for this step two years ago, analysing the market, the trends, attending exhibitions and dedicating a lot of time to the preparation of documents and adjustment of our production technologies in order to comply with specific U.S. Food & Drug Administration (FDA) requirements. The U.S. organic market is the largest in the world and, of course, the most competitive. The eyes of food producers around the world have turned to this country. So, having entered the U.S. market, we compete with manufacturers from all over the world, which means we are on the right track", says Laurynas Miškinis, Head or Organic Product Development and Commerce of AUGA group.
AUGA branded organic soups are already available at Costco and several smaller retail chains in the U.S. Other products of the company are expected to hit the shelves soon.
The U.S. organic food market is currently worth around Eur 44 billion and accounts for almost half of the global organic market.
"Being present in a market of this size gives us a much better sense of how this segment will develop in the future and what the trends will be. It helps us to predict what the consumers of organic sustainably grown products worldwide will want in the near future," adds L. Miškinis.
Total company revenues of end-consumer packaged goods segment increased by 84 percent during the first six months of 2019. The surge in sales of these products was driven by a significant expansion of export geography. The end-consumer product segment is the fastest growing in AUGA group. The company also sees the highest growth in this segment in the future.
AUGA group currently exports about 80 percent of its total production to more than 30 markets worldwide.
As announced earlier this year, AUGA group also started supplying its products to leading food distributors in Sweden - Di Luca & Di Luca and Midsona. During the last several months the United Arab Emirates also became one the new successfully opened export markets.
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- 07.11.2019 08:47
AUGA GROUP AB (177/2019) CORRECTION: Updated presentation of AUGA group, AB
07.11.2019 08:47AUGA GROUP AB (177/2019) CORRECTION: Updated presentation of AUGA group, AB
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") updated the presentation about the Company (see attachment). The presentation covers key business segments, Company‘s focus on sustainability and the most important financial data.
CFO
Martynas Repečka
+370 5 233 5340
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- 28.10.2019 07:20
AUGA GROUP AB (176/2019) AUGA group, AB made strategic decision to turn to capital markets for financing by issuing bonds
28.10.2019 07:20AUGA GROUP AB (176/2019) AUGA group, AB made strategic decision to turn to capital markets for financing by issuing bonds
On 28 October 2019 AUGA group's, AB (Company or AUGA) Management Board decided to initiate the process of raising finance by issuing bonds, which may be sold to professional and/or retail investors. Although part of the issue may be initially privately placed, the Company shall aim to have all such issued bonds listed on the Nasdaq Baltic bond market. AUGA expects to issue at least first tranche of such bonds by the end of this year 2019.
The bonds shall be senior loan of the Company, to be issued in tranches (parts), some of which may also be secured by granting mortgage over lands owned and cultivated by the group. Proceeds of the issue shall be utilised for partial repayment of the existing bank loans, working capital financing and general corporate purposes, including for ensuring continuity of the projects that the Company develops to make its operations, processes and products more sustainable. Therefore, the Company is seeking to have the bonds recognised as green bonds.
To date AUGA has received consent from its current financing banks (Banks) to raise up to EUR 20 million of bonds. In consideration of partial repayment of Bank's secured credits, they will release part of their current collateral, which, upon such release, shall be used by the Company to secure the bonds.
Chair of the Company's Management Board Dalius Misiunas commented "As a recently appointed independent board we see that it is in the best interests of the Company and its stakeholders that the Company diversifies its financing sources by tapping the capital (bond) markets. Also, we believe that the Company is well placed to turn to the markets given its experience as a listed entity, as well as recent improvements in corporate governance practices and continuous efforts in increasing transparency. We hope that the markets and investors will also appreciate that."
The Company selected AS LHV Pank (Advisor), registered in Estonia, as an advisor as well as arranger and manager for the contemplated bond issue.
The Company shall be disclosing further and more detailed information about the issue upon receipt of the Advisor's guidance on the current markets and proposed structure and terms of issue.
More information:
Kestutis Juscius, CEO
+370 5 233 5340
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- 18.10.2019 09:02
AUGA GROUP AB (175/2019) Updated presentation of AUGA group, AB, and news subscription for investors
18.10.2019 09:02AUGA GROUP AB (175/2019) Updated presentation of AUGA group, AB, and news subscription for investors
Podstawa prawna: AUGA group, AB (hereinafter, the "Company") updated the presentation about the Company (see attachment). The presentation covers key business segments, Company‘s focus on sustainability and the most important financial data.
Along with the quarterly presentation updates, financial data in Excel format will now be available at the Company's website. (http://auga.lt/en/for-auga-investors/presentations/#tabs)
The Company has created a news subscription for investors. Newsletter can be subscribed at AUGA group website section Investors or by clicking the link http://bit.ly/AUGA_EN
CFO
Martynas Repečka
+370 5 233 5340
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- 09.10.2019 08:43
AUGA GROUP AB (174/2019) AUGA group signed a deal with leading food suppliers in Sweden
09.10.2019 08:43AUGA GROUP AB (174/2019) AUGA group signed a deal with leading food suppliers in Sweden
Organic food producer AUGA group started supplying its products to leading food distributors in Sweden - Di Luca & Di Luca and Midsona. Long term agreements to supply end-consumer products were signed with both companies.
"Sweden and other Scandinavian countries are among the major AUGA group's export markets for fresh mushrooms. Export of end consumer products to this country, which is one of the biggest organic markets, opens totally new opportunities. We estimate that Sweden can become our main export market in Europe already this year, - says Laurynas Miškinis, Head or Organic Product Development and Commerce of AUGA group.
Midsona is one of the market leaders in organic, healthy and sustainable product categories in Nordic countries. In Sweden it will start selling organic ready-to-eat soups made in Lithuania.
Di Luca & Di Luca and its brands are well known in Sweden as market leaders of the Mediterranean food category. AUGA group started supplying beans, chickpeas and other canned products in pouches for the company.
For both companies AUGA group produces products with their private labels.
It is estimated that organic food market size in Sweden is EUR 2.8 billion and it continues to grow every year. One person in Sweden spends on average EUR 237 on organic products and it is one of the highest amounts globally. Sweden's organic food sales account for 9 percent of total food sales value.
AUGA group supplies fresh mushrooms to ICA, Coop and Axfood retail chains in Sweden.
Total company revenues of end-consumer packaged goods segment amounted to EUR 1.05 million during the first six months of 2019 compared to EUR 0.57 million a year earlier. The surge in sales of these products was driven by a significant expansion of export geography. The end-consumer product segment is the smallest in AUGA group, but it is growing fast. The company also sees the highest growth in this segment in the future.
AUGA group currently exports about 80 percent of its total production to more than 30 markets worldwide.
One of the most important markets is Japan where AUGA branded organic products are distributed by one of the biggest distributors of organic and natural food.
During the last several months The United Arab Emirates became one of the main export markets of end-consumer packaged goods.
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- 05.09.2019 08:22
AUGA GROUP AB (194/2019) AUGA group results for the first half of the year inspire optimism
05.09.2019 08:22AUGA GROUP AB (194/2019) AUGA group results for the first half of the year inspire optimism
In the investor conference webinar on September 3, 2019, Kęstutis Juščius, CEO of AUGA group, said he believed that the improving results in all operating segments of the company allow to expect successful second half of this year.
During the first two quarters of this year the company improved sales in the crop growing segment, increased the volume of milk sold at organic prices and significantly expanded the export geography of end-consumer packaged products.
During the first six months of 2019, the sales revenue of AUGA group, AB and its subsidiaries amounted to EUR 28.84 million, a 15% increase compared to the same period of 2018, when it was EUR 25.01 million.
The Group's gross profit for the first half of 2019 amounted to EUR 7.34 million and was EUR 3.05 million higher compared to the same period of 2018 (gross profit for the first half of 2018 - EUR 4.29 million).
During the first six months period of 2019, the Group earned EUR 0.34 million net profit compared to EUR 0.48 million a year earlier.
The Group's EBITDA for the first six months of 2019 amounted to EUR 6.28 million. During the same period in 2018 the Group's EBITDA reached EUR 4.10 million.
Crop growing segment sales revenue for the half-year of 2019 amounted to EUR 8.78 million compared to EUR 7.60 million for the same period in 2018 (15% increase).
"Our operations, what we do on the farms, have improved season by season. The farming will continue to improve, it will be stronger and more profitable under normal weather conditions.", says K. Juščius.
According to him, every year the farms operate more efficiently and implement new farming technologies.
In July and August, the weather conditions were good, so the company harvested grain quite early and was able to properly prepare the soil for next year's grain sowing.
"It is important to mention that we are improving the crop split to be less dependent on weather conditions. I believe, the company can perform better on the same conditions every year", claims K. Juščius.
K. Juščius sees a lot of potential in the dairy segment. To date, the company has sold a large portion of its organic milk at conventional prices due to low demand, but the situation is changing rapidly.
"This is actually our trend to increase the share of sales of organic milk and it is still going up. During the last months the proportion of organic milk sales is higher than before, and in the third quarter probably the numbers will be even better than in the second", says the company's CEO.
The volume share of milk sold at organic production prices was around 64% in the first half of 2019 compared to 31% in the same period of 2018.
The company aims to expand the geography of organic dairy trade. One of the main markets where the company sees the most opportunities for organic milk is China.
"In order to sell milk on the Chinese market, you need to certify the entire production cycle from farms to processing facilities. The company has already started the certification process, and we expect to complete it in the third quarter of this year. Then we will open a gate to sell organic milk at premium organic prices in China. This certification process will help our company to sell all our milk as organic in the future", says the CEO of the company.
Total revenues of end-consumer packaged goods segment amounted to EUR 1.053 million during the first six months of 2019 compared to EUR 0.57 million a year earlier. The surge in sales of these products was driven by a significant expansion of export geography.
"The end-user product segment is the smallest in the company, but it is growing fast. We also see the highest growth in this segment in the next season", says K. Juščius.
The company continues to develop investment projects, one of which is the combined feedstock production plant. To develop this project the company uses the capital successfully raised during the secondary public offering of shares last year.
"This is our priority for the coming year. The company will launch a new combined feedstock plant to produce feed for dairy and poultry farms. We use investments attracted last year. This gives us the opportunity not only to produce feed for our own farms but also to export it", says the company's CEO.
The full recording of investor conference webinar can be viewed here: https://bit.ly/2kuoypd
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- 03.09.2019 16:31
AUGA GROUP AB (193/2019) CORRECTION: Notice on Interim information of AUGA group, AB for the 6-months period ended June 30, 2019
03.09.2019 16:31AUGA GROUP AB (193/2019) CORRECTION: Notice on Interim information of AUGA group, AB for the 6-months period ended June 30, 2019
Podstawa prawna: AUGA group, AB (legal entity code 126264360, address: Konstitucijos pr. 21C, Vilnius) hereby publishes correct attachment to notice dated 30 August 2019 "2. AUGA group AB financial information for 6 months period ended 30 June 2019". Correction concerns the adjusted number of shares of one of the Company's shareholders disclosed in the interim report section 3.2. The correction was made in both Lithuanian and English reports.
Correction does not concern the text of notice and the remaining attachments.
Attached:
2. AUGA group AB financial information for 6 months period ended 30 June 2019.
Finance Manager
Martynas Repečka
+370 5 233 5340
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- 30.08.2019 18:20
AUGA GROUP AB Raport okresowy półroczny za 2019 PSr
30.08.2019 18:20AUGA GROUP AB Raport okresowy półroczny za 2019 PSr
WYBRANE DANE FINANSOWE w tys. w tys. EUR półrocze / 2019 półrocze / półrocze / 2019 półrocze / Revenues 28,841 25,009 Operating profit 2,300 1,451 Profit for the period 341 485 Total comprehensive income attributable to equity holders 369 571 Net cash generated from operating activities (434) (4,534) Net cash used in investing activities (1,610) (3,519) Net cash generated from financing activities 633 8,305 Total Assets 209,605 171,890 Total Equity 92,119 91,715 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 26.08.2019 16:31
AUGA GROUP AB (192/2019) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 6 months period ended 30 June 2019
26.08.2019 16:31AUGA GROUP AB (192/2019) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 6 months period ended 30 June 2019
AUGA group invites shareholders, investors, analysts and other stakeholders to join its investor conference webinar scheduled on the September 3 of 2019 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by Company's management who will introduce the performance and unaudited financial results of AUGA group for the 6 months of 2019.
Due to limited webinar time, we encourage participants to send their questions before the webinar until September 2 to simona.backiene@nasdaq.com
How to join the webinar?
To join the webinar, please register via following link: https://attendee.gotowebinar.com/register/2683244179060494595 . You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only few seconds. In case plug-in can't be downloaded, a web browser which enables attending the webinar, opens automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
Kęstutis Juščius, CEO,
+370 5 233 5340
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- 26.08.2019 08:53
AUGA GROUP AB (191/2019) AUGA group started selling Lithuanian organic products in United Arab Emirates
26.08.2019 08:53AUGA GROUP AB (191/2019) AUGA group started selling Lithuanian organic products in United Arab Emirates
Organic producer AUGA group started selling its products in the biggest retail chain Carrefour and other retailers in the United Arab Emirates. During the last several months this country became one of the main export markets of end-consumer packaged goods for the company.
Currently, AUGA group supplies organic ready-to-eat soups, preserved mushrooms, pulses and other products to the United Arab Emirates. In the future, other categories, such as milk products, are planned to be exported.
"We tried to enter this market for the last three years. Finally, this year during Biofoch fair in Germany we signed an agreement with one of the biggest food suppliers in the United Arab Emirates and in a few months the distribution of our products was successfully expanded. It is very important to have local partners in this market in order to facilitate market entry. Today we can say that the sales results of this cooperation exceeded our expectation", - says Laurynas Miškinis, Head or Organic Product Development and Commerce of AUGA group.
Solid position in the United Arab Emirates opens ways to other important markets: Saudi Arabia, Egypt, Bahrein, and other countries in this region.
Currently, AUGA group exports about 80% of its total production and export geography consist of more than 30 markets worldwide.
Financial Director
Martynas Repečka
+370 5 233 5340
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- 03.06.2019 08:21
AUGA GROUP AB (177/2019) Announcement about investor conference webinar to introduce unaudited financial results for the 3 months of 2019
03.06.2019 08:21AUGA GROUP AB (177/2019) Announcement about investor conference webinar to introduce unaudited financial results for the 3 months of 2019
Podstawa prawna: On June 3, 2019, AUGA group, AB held an investor conference webinar where Company's General Manager Kestutis Juscius and Finance Manager Martynas Repečka reviewed the performance and unaudited financial results of AUGA group for the 3 months period of 2019.
The presentation demonstrated during the webinar is attached to this announcement.
General Manager
Kęstutis Juščius
+370 5 233 5340
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- 31.05.2019 18:41
AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 1/2019 QS
31.05.2019 18:41AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 1/2019 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2019 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2019 okres od do kwartał(y) narastająco / okres od do Revenues 14,886 11,492 Operating profit (12,515) (9,394) Profit for the period 167 625 Total comprehensive income attributable to equity holders 177 664 Net cash generated from operating activities (1,013) (3,162) Net cash used in investing activities (803) (2,398) Net cash generated from financing activities 928 5,981 Total assets 204,924 171,890 Total equity 91,881 91,715 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 18.04.2019 07:56
AUGA GROUP AB (170/2019) AUGA group, AB Notification of transactions by persons discharging managerial responsibilities
18.04.2019 07:56AUGA GROUP AB (170/2019) AUGA group, AB Notification of transactions by persons discharging managerial responsibilities
Podstawa prawna: AUGA group, AB (Company) received notifications of transactions by persons discharging managerial responsibilities (attached).
Notifications have been received in respect of execution of option transactions under the programme whereunder the Company shall grant its shares in the future to the employees and members of management and supervisory bodies of the Company and its subsidiaries (Employees).
On 30 April 2018 the annual general meeting of shareholders of the Company approved the Rules for granting Company's shares (Rules) and formed a EUR 957,000 (i.e. 3,300,000 units of shares at their nominal value of EUR 0.29 per one share) reserve for granting the shares to Employees. Under the Rules, implementing internal procedures, and respective decisions of the competent bodies of the Company to date total amount of 2,548,860 of shares (i.e. 77.24% of the reserved formed in 2018) has been allocated, i.e.:
(a) 589,190 shares - to Employees discharging managerial responsibilities (notifications about option agreements executed in respect of such shares are attached to this notification); and
(b) 1,959,670 shares - to other Employees of the Company and its subsidiaries, in respect of which option agreements have/are being executed.
Under such option agreements, after 3 years Employees shall be entitled to elect whether to receive from the Company the shares specified in their option agreements. Shares shall be granted to the Employees free of charge (i.e. for EUR 0), shares shall be paid up from the company's reserve formed for granting the shares to employees.
General manager
Linas Bulzgys
+370 5 233 5340
Annexes:
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- 11.04.2019 18:11
AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2018 RS
11.04.2019 18:11AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2018 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2018 2018 2017 Revenue 54,749 48,748 Operating profit (3,938) 6,697 Profit for the period (5,980) 5,015 Total comprehensive income attributable to equity holders (4,691) 6,688 Net cash generated from operationg activities (11,486) 4,365 Net cash used in investing activities (6,036) (6,552) Net cash generated from financing activities 19,183 1,158 Total assets 171,890 148,548 Total equity 91,715 79,015 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 01.03.2019 09:06
AUGA GROUP AB (168/2019) Announcement about investor conference webinar to introduce unaudited financial results for the 12 months of 2018
01.03.2019 09:06AUGA GROUP AB (168/2019) Announcement about investor conference webinar to introduce unaudited financial results for the 12 months of 2018
Podstawa prawna: On March 1, 2019, AUGA group, AB held an investor conference webinar where Company's CEO Linas Bulzgys and CFO Martynas Repečka reviewed the performance and unaudited financial results of AUGA group for the 12 months of 2018.
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- 28.02.2019 19:37
AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 4/2018 QS
28.02.2019 19:37AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 4/2018 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 4 kwartał(y) narastająco / 2018 okres od do kwartał(y) narastająco / okres od do 4 kwartał(y) narastająco / 2018 okres od do kwartał(y) narastająco / okres od do Revenue 54,788 48,784 Operating profit (4,199) 6,697 Profit for the period (6,256) 5,015 Total comprehensive income attributable to the equity holders (6,108) 4,926 Net cash generated from operating activities (11,181) 4,365 Net cash used in investing activities (6,464) (6,552) Net cash generated from financing activities 19,304 1,158 Total assets 173,978 148,548 Total equity 91,642 79,015 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 27.02.2019 08:19
AUGA GROUP AB (167/2019) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 12 months of 2018
27.02.2019 08:19AUGA GROUP AB (167/2019) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 12 months of 2018
AUGA group invites shareholders, investors, analysts and other stakeholders to join its investor conference webinar scheduled on the March 1 of 2019 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by Company's CEO Linas Bulzgys and Finance director Martynas Repečka who will introduce the performance and unaudited financial results of AUGA group for the 12 months of 2018.
After the presentation participants are welcome to ask questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until February 28 to simona.backiene@nasdaq.com
How to join the webinar?
To join the webinar, please register via following link: https://register.gotowebinar.com/register/2941278663801789187 . You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only few seconds. In case plug-in can't be downloaded, a web browser which enables attending the webinar, opens automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
Linas Bulzgys, CEO,
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 27.12.2018 09:13
AUGA GROUP AB (166/2018) Dates of periodic information disclosure of AUGA group, AB for the year 2019 (investor calendar)
27.12.2018 09:13AUGA GROUP AB (166/2018) Dates of periodic information disclosure of AUGA group, AB for the year 2019 (investor calendar)
AUGA group, AB (legal entity code: 126264360, registered office address: Konstitucijos pr. 21C, Vilnius; hereinafter - the Company) has decided not to change its current practice to prepare and disclose interim financial information for 3, 9 and 12 months also informs that the results of the Company in the year 2019 will be announced as follows:
28 February 2019 Consolidated unaudited interim financial report for twelve months of 2018
8 April 2019 Consolidated audited annual financial report for the year 2018
31 May 2019 Consolidated unaudited interim financial report for the first three months of 2019
30 August 2019 Consolidated unaudited half-yearly financial report for the first six months of 2019
29 November 2019 Consolidated unaudited interim financial report for the first nine months of 2019
General manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 13.12.2018 17:26
AUGA GROUP AB (165/2018) The main lenders of AUGA group, AB decided to extend credit lines for a year and not to apply the Financial Debt and EBITDA ratio covenant until the end of third quarter of the year 2019
13.12.2018 17:26AUGA GROUP AB (165/2018) The main lenders of AUGA group, AB decided to extend credit lines for a year and not to apply the Financial Debt and EBITDA ratio covenant until the end of third quarter of the year 2019
AUGA group, AB (legal entity code: 126264360, registered office address: Konstitucijos pr. 21C, Vilnius; hereinafter - the Company) was informed that the internal committees of its main lenders (Luminor bank AB and Swedbank, AB) approved the amendments of credit and credit line agreements concluded with the Company, under which, among other amendments, would be agreed not to apply the Financial Debt and EBITDA ratio covenant* until the end of third quarter of the year 2019 and to extend credit lines for a year. The additional condition stipulated in the above-mentioned decisions - additional approval of the banks will be required for the capital expenditures exceeding 2 mil. euro in year 2019.
The Company concluded the respective amendment of the 17.6 mil. euro Credit Line Agreement with Luminor bank AB today. Amendments of other agreements are intended to be concluded in the near future.
* definitions are provided in the management report of the Company's consolidated interim financial statements for 9 months ended 30 September 2018.
General manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 04.12.2018 15:29
AUGA GROUP AB (164/2018) Announcement about investor conference webinar to introduce unaudited financial results for the 9 months of 2018
04.12.2018 15:29AUGA GROUP AB (164/2018) Announcement about investor conference webinar to introduce unaudited financial results for the 9 months of 2018
Podstawa prawna: On December 3, 2018, AUGA group, AB held an investor conference webinar where Company's CEO Linas Bulzgys and CFO Martynas Repečka reviewed the performance and unaudited financial results of AUGA group for the 9 months of 2018.
Webinar recording is available online at: https://bit.ly/2zJE8S6
The presentation demonstrated during the webinar is attached to this announcement.
Linas Bulzgys
CEO
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 02.12.2018 15:21
AUGA GROUP AB (163/2018) CORRECTION: AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2018
02.12.2018 15:21AUGA GROUP AB (163/2018) CORRECTION: AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2018
Corrected: Fixed link to the registration to join the webinar.
AUGA group invites shareholders, investors, analysts and other stakeholders to join its first investor conference webinar scheduled on the December 3rd of 2018 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by Company's CEO Linas Bulzgys and Finance director Martynas Repečka who will introduce the performance and unaudited financial results of AUGA group for the 9 months of 2018.
After the presentation participants are welcome to ask questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until December 1st to simona.backiene@nasdaq.com
How to join the webinar?
To join the webinar, please register via following link:
https://attendee.gotowebinar.com/register/672731086986882050
You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only few seconds. In case plug-in can't be downloaded, a web browser which enables attending the webinar, opens automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
Linas Bulzgys, CEO, +370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 30.11.2018 19:17
AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 3/2018 QS
30.11.2018 19:17AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 3/2018 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 3 kwartał(y) narastająco / 2018 okres od do kwartał(y) narastająco / okres od do 3 kwartał(y) narastająco / 2018 okres od do kwartał(y) narastająco / okres od do Revenues 42,164 36,585 Operating profit (3,193) 8,392 Profit for the period (4,878) 7,338 Total comprehensive income attributable to equity holders (4,768) 7,319 Net cash generated from operating activities (10,605) 2,996 Net cash used in investing activities (4,938) (9,452) Net cash generated from financing activities 18,583 5,131 Total assets 180,566 148,548 Total equity 91,711 79,015 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 29.11.2018 12:33
AUGA GROUP AB (163/2018) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2018
29.11.2018 12:33AUGA GROUP AB (163/2018) AUGA group will hold an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2018
AUGA group invites shareholders, investors, analysts and other stakeholders to join its first investor conference webinar scheduled on the December 3rd of 2018 at 9.00 (EET). The presentation will be held in English.
The webinar will be hosted by Company's CEO Linas Bulzgys and Finance director Martynas Repečka who will introduce the performance and unaudited financial results of AUGA group for the 9 months of 2018.
After the presentation participants are welcome to ask questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until December 1st to simona.backiene@nasdaq.com.
How to join the webinar?
To join the webinar, please register via following link:
https://attendee.gotowebinar.com/register/672731086986882050.
You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only few seconds. In case plug-in can't be downloaded, a web browser which enables attending the webinar, opens automatically. The webinar will be recorded and available online for everyone at the company's website on http://auga.lt/en/ and on Nasdaq Baltic youtube.com account.
What is a corporate webinar?
A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere.
Linas Bulzgys, CEO, +370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 25.09.2018 08:26
AUGA GROUP AB (162/2018) Notification on transaction concluded by person closely associated with the person discharging managerial responsibilities
25.09.2018 08:26AUGA GROUP AB (162/2018) Notification on transaction concluded by person closely associated with the person discharging managerial responsibilities
Podstawa prawna: AUGA group, AB received notification from Baltic Champs Group, UAB on transaction concluded by person closely associated with the person discharging managerial responsibilities (notification attached).
Linas Bulzgys
General Manager
tel. +370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 31.08.2018 06:51
AUGA GROUP AB Raport okresowy półroczny za 2018 PS
31.08.2018 06:51AUGA GROUP AB Raport okresowy półroczny za 2018 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2018 półrocze / półrocze / 2018 półrocze /2017 Revenue 25,009 22,835 Operating profit 1,451 1,024 Profit for the period 485 487 Total comprehensive income attributable to equity holders of the company 571 502 Net cash generated from operating activities (4,534) 6,461 Net cash used in investing activities (3,519) (6,883) Net cash generated from financing activities 8,305 (920) Total assets 169,925 148,548 Total equity 79,500 79,015 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 29.08.2018 16:15
AUGA GROUP AB (160/2018) All conditions for registration and introduction to trading of newly-issued shares in Poland have been satisfied
29.08.2018 16:15AUGA GROUP AB (160/2018) All conditions for registration and introduction to trading of newly-issued shares in Poland have been satisfied
The Central Securities Depository of Poland (Krajowy Depozyt Papierów Wartościowych S.A., hereinafter referred to as the "CSDP") has announced that all conditions required for the registration of 40,000,000 newly-issued shares of AUGA group, AB have been satisfied and the abovementioned shares can be registered in the CSDP since 30 August 2018.
Fulfillment of these conditions means that the Warsaw Stock Exchange (the "WSE") is now entitled to introduce the shares to trading on 30 August 2018 as the condition regarding registration of abovementioned shares required by the WSE has been satisfied. There will be no additional announcements from the WSE or AUGA group, AB in this regard.
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 29.08.2018 07:59
AUGA GROUP AB (159/2018) Management Board of AUGA group, AB adopted a decision to increase capital of subsidiaries
29.08.2018 07:59AUGA GROUP AB (159/2018) Management Board of AUGA group, AB adopted a decision to increase capital of subsidiaries
On 28 August 2018, the Management Board of AUGA group, AB (legal entity's code: 126264360, address: Konstitucijos pr. 21C, Vilnius) adopted a decision to make additional investments into 10 subsidiaries by increasing their share capital as follow: ŽŪB "AUGA Želsvelė" (EUR 3,000,000), ŽŪB "AUGA Dumšiškės" (EUR 1,000,000), ŽŪB "AUGA Mantviliškis" (EUR 2,100,000), ŽŪB "AUGA Skėmiai" (EUR 1,500,000), ŽŪB "AUGA Smilgiai" (EUR 5,000,000), ŽŪB "AUGA Spindulys" (EUR 4,100,000), Baltic Champs, UAB (EUR 4,800,004), UAB "AUGA Ramučiai" (EUR 498,112), UAB "Agrotechnikos centras" (EUR 1,684,400), UAB "AWG investment 2" (EUR 13,600). Investments by AUGA group, AB in the aforementioned subsidiaries will total to approximately EUR 23.7 million. AUGA group, AB will pay up newly issued share capital by setting-off them with claim rights against the concerned subsidiaries acquired from other subsidiaries. The decision was made in the pursue of consolidating and simplifying intragroup lending processes, as well as strengthening the equity of subsidiaries listed above. These changes will have no impact on consolidated liabilities of the group nor additional capital will be required. Proceeds from issued new shares of AUGA group, AB on 23 August 2018 will not be used in this transaction.
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 29.08.2018 07:53
AUGA GROUP AB (158/2018) Resolutions of Warsaw Stock Exchange and KDPW regarding new shares
29.08.2018 07:53AUGA GROUP AB (158/2018) Resolutions of Warsaw Stock Exchange and KDPW regarding new shares
On 28 August 2018 Warsaw Stock Exchange adopted resolution on the admission and the introduction to exchange trading on the parallel market of 40,000,000 newly issued ordinary shares of AUGA group, AB as of 30 August 2018. This resolution is conditional on the registration of the shares and their coding as "LT0000127466" by the National Depository for Securities (Krajowego Depozytu Papierów Wartościowych S.A) on 30 August 2018. Full text of resolution is provided here: https://www.gpw.pl/komunikaty-i-uchwaly-gpw?ph_main_01_start=show&cmn;_id=107384&title;=AUGA+GROUP+AB+%28Uchwa%C5%82a+Nr+884%2F2018%29
On 28 August 2018 National Depository for Securities adopted resolution on conditional registration of abovementioned shares. Full text of resolution is provided here: http://www.kdpw.pl/pl/Regulacje/Uchwaly/2018/0528-2018.pdf
It is expected that trading in new shares in Warsaw Stock Exchange will start on 30 August 2018.
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 28.08.2018 18:48
GPW: dopuszczenie i wprowadzenie do obrotu giełdowego akcji spółki AUGA GROUP AB
28.08.2018 18:48GPW: dopuszczenie i wprowadzenie do obrotu giełdowego akcji spółki AUGA GROUP AB
§ 1
Zarząd Giełdy stwierdza, że zgodnie z § 19 ust. 1 Regulaminu Giełdy do obrotu giełdowego na rynku równoległym dopuszczonych jest 40.000.000 (czterdzieści milionów) akcji zwykłych na okaziciela spółki AUGA GROUP AB, o wartości nominalnej 0,29 EUR (dwadzieścia dziewięć eurocentów) każda.
§ 2
Na podstawie § 36, § 37 oraz § 38 ust. 1 i 3 Regulaminu Giełdy,
w związku z § 3a ust. 1, 2 i 3 Regulaminu Giełdy, Zarząd Giełdy postanawia wprowadzić z dniem 30 sierpnia 2018 r. do obrotu giełdowego na rynku równoległym akcje spółki AUGA GROUP AB, o których mowa w § 1, pod warunkiem dokonania przez Krajowy Depozyt Papierów Wartościowych S.A. w dniu 30 sierpnia 2018 r. rejestracji tych akcji i oznaczenia ich kodem "LT0000127466".
§ 3
Uchwała wchodzi w życie z dniem podjęcia.
kom amp/
- 27.08.2018 14:04
AUGA GROUP AB (157/2018) Notifications on the acquisition or disposal of voting rights and on transaction concluded by person closely associated with the person discharging managerial responsibilities
27.08.2018 14:04AUGA GROUP AB (157/2018) Notifications on the acquisition or disposal of voting rights and on transaction concluded by person closely associated with the person discharging managerial responsibilities
Podstawa prawna: AUGA group, AB received notifications on the acquisition of voting rights from Mr. Žilvinas Marcinkevičius, on disposal of voting rights from Baltic Champs Group, UAB and MULTI ASSET SELECTION FUND as well as notification from Baltic Champs Group, UAB on transaction concluded by person closely associated with the manager (notifications attached).
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 24.08.2018 15:43
AUGA GROUP AB (156/2018) Notification on the acquisition of voting rights, AUGA group, AB
24.08.2018 15:43AUGA GROUP AB (156/2018) Notification on the acquisition of voting rights, AUGA group, AB
Podstawa prawna: AUGA group, AB received a notifications on the acquisition of voting rights from European Bank for Reconstruction and Development and UAB "ME investicija" (notifications attached).
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 24.08.2018 13:19
AUGA GROUP AB (155/2018) Listing of shares of AUGA group, AB on Baltic Main List, trading will be resumed on 27 August 2018
24.08.2018 13:19AUGA GROUP AB (155/2018) Listing of shares of AUGA group, AB on Baltic Main List, trading will be resumed on 27 August 2018
Nasdaq Vilnius decided on 24 August 2018 to list shares of AUGA group, AB (the "Company") on the Baltic Main List on August 27, 2018 at the request of the Company and after the Company's report about fulfilment of conditions set by the Board of Nasdaq Vilnius was filed with the Board. Full announcement by Nasdaq Vilnius: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=852630&messageId;=1072592
Nasdaq Vilnius decided to resume trading in the shares of the Company on 27 August 2018 at the request of the Company. Full announcement by Nasdaq Vilnius: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=852627&messageId;=1072585
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 23.08.2018 14:08
AUGA GROUP AB (154/2018) New wording of Articles of Association of AUGA group, AB and the new shares were registered
23.08.2018 14:08AUGA GROUP AB (154/2018) New wording of Articles of Association of AUGA group, AB and the new shares were registered
AUGA group, AB (the "Company") hereby informs that on 23 August 2018 the increased authorized capital of the Company and its new wording of Articles of Association have been registered with the Register of Legal Entities and the new shares of the Company were registered with Nasdaq CSD, SE.
During the public offering of shares the Company has allotted 40,000,000 units of new shares and 40,000,000 units of existing shares, held by Baltic Champs Group UAB, the issue (sale) price of which was EUR 0.45 for each share.
Following the increase of the authorised capital of the Company, such capital is equal to EUR 65,950,713.08 and is divided into 227,416,252 units of shares, which grant 227,416,252 votes. Nominal value per share - EUR 0.29.
The person authorized to provide additional information:
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 20.08.2018 18:09
GPW: w sprawie zawieszenia na Głównym Rynku GPW obrotu akcjami spółki AUGA GROUP AB
20.08.2018 18:09GPW: w sprawie zawieszenia na Głównym Rynku GPW obrotu akcjami spółki AUGA GROUP AB
§ 1
1. Na podstawie § 30 ust. 1 pkt 1) oraz ust. 1a Regulaminu Giełdy, po rozpatrzeniu wniosku spółki AUGA GROUP AB o zawieszenie obrotu akcjami tej spółki, Zarząd Giełdy postanawia zawiesić obrót tymi akcjami, oznaczonymi kodem "LT0000127466" - w okresie od dnia 20 sierpnia 2018 r. do dnia 24 sierpnia 2018 r. (włącznie).
2. W okresie zawieszenia obrotu, o którym mowa w ust. 1, zlecenia maklerskie na akcje spółki AUGA GROUP AB mogą być przyjmowane, modyfikowane i anulowane.
§ 2
Uchwała wchodzi w życie z dniem podjęcia.
kom abs/
- 20.08.2018 14:17
Auga Group ustaliła cenę 0,45 euro za akcję w ofercie publicznej
20.08.2018 14:17Auga Group ustaliła cenę 0,45 euro za akcję w ofercie publicznej
Łączna liczba akcji Auga Group w ofercie publicznej wynosi 80 mln, z czego 40 mln akcji nowej emisji i 40 mln akcji sprzedawanych przez akcjonariusza, Baltic Champs Group.
Dla inwestorów detalicznych przewidziano 16.639.535 akcji oferowanych, natomiast dla inwestorów instytucjonalnych 63.360.465.
Przydział akcji zaplanowano na około 23 sierpnia.
Od 20 sierpnia do 24 sierpnia włącznie obrót akcjami Auga Group na GPW jest zawieszony. Ostatni raz były one handlowane 25 maja, po kursie 1,64 zł.
Na początku stycznia litewska grupa Auga (dawna AB Agrowill Group), zajmująca się rolnictwem ekologicznym, informowała, że chce w ramach oferty publicznej na GPW i giełdzie Nasdaq Vilnius wyemitować akcje o wartości do 20 mln euro (według średniej ceny z przedziału cenowego oferowanych akcji), by sfinansować akwizycje i dalszy rozwój. Celem miało być także zwiększenie płynności akcji spółki.
Spółka podawała, że od 2014 roku zainwestowała w rozwój nowoczesnego rolnictwa ponad 15 mln euro. W przyszłości chce zajmować się nie tylko rolnictwem ekologicznym, ale także rozwojem i dostarczaniem rozwiązań technologicznych dla łańcucha dostaw żywności organicznej.
Głównym akcjonariuszem spółki jest Baltic Champs Group UAB. (PAP Biznes)
mat/ osz/
- 20.08.2018 13:14
AUGA GROUP AB (153/2018) AUGA group, AB notification on final offer price, final number of allocated shares and allocation
20.08.2018 13:14AUGA GROUP AB (153/2018) AUGA group, AB notification on final offer price, final number of allocated shares and allocation
On 20 August 2018 the board of AUGA group, AB (the "Company"), referring to the resolutions (the "Resolutions") of the extraordinary general meeting of shareholders of the Company held on 28 March 2018 (as partly amended on 30 April 2018 and on 16 July 2018) regarding increase of the authorised capital by additional contributions of the persons, subscribing the new shares (the "New Shares"), also taking into account the recommendation of LHV Pank, which is the global lead manager of the offering of New Shares and of the existing shares, held by Baltic Champs Group, UAB (the "Sale Shares", collectively with the New Shares, the "Offer Shares"), inter alia decided:
1) that the issue price of the New Shares and the sale price of the Sale Shares shall be the same and shall be EUR 0.45 for one Offer Share;
2) to determine that the final number of the New Shares to be issued in fulfilment of the Resolutions is 40,000,000 and the final number of the Sale Shares to be sold to the investors is 40,000,000;
3) to allocate the Offer Shares for the above final offer price, as follows: (i) 16,639,535 units shall be allocated to the retail investors, regarding which the public and private offerings were executed (all 16,639,535 units of Sale Shares) and (ii) 63,360,465 units shall be allocated to the institutional investors (including 40,000,000 units of New Shares and 23,360,465 units of Sale Shares).
Total demand for Offer Shares was 104 percent of the offer base and total demand by retail and private investors was approx. 20 percent of total demand. All retail and private demand was satisfied in full. Investors from the Baltic Sea rim region formed the majority of the demand.
Offer Shares are expected to be delivered to investors on or about 23 August 2018 and trading in New Shares is expected to commence on Nasdaq Vilnius and on the WSE on or about 30 August 2018.
In addition, the Company has received notice from WSE that it decided to suspend trading in the shares in the Company from today until 24 August 2018 (inclusive).
The person authorized to provide additional information:
General manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 20.08.2018 09:12
GPW zawiesza obrót akcjami Auga Group do 24 sierpnia
20.08.2018 09:12GPW zawiesza obrót akcjami Auga Group do 24 sierpnia
pel/ osz/
- 17.08.2018 08:55
AUGA GROUP AB (152/2018) Trading will be suspended in AUGA group, AB shares
17.08.2018 08:55AUGA GROUP AB (152/2018) Trading will be suspended in AUGA group, AB shares
Nasdaq Vilnius decided to suspend trading in AUGA group, AB shares (AUG1L, ISIN code LT0000127466) on 20-08-2018 until the newly issued shares will be admitted to trading on Nasdaq Vilnius.
The trading will be suspended at the request of the AUGA group, AB.
Notice on trading resumption will follow by a separate decision of Nasdaq Vilnius. Notification is provided here: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=851569&messageId;=1071254
In addition, AUGA group, AB has also requested Warsaw Stock Exchangeto to suspend trading in AUGA group, AB shares.
General manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 13.08.2018 08:14
AUGA GROUP AB (151/2018) AUGA group opens doors to North America
13.08.2018 08:14AUGA GROUP AB (151/2018) AUGA group opens doors to North America
Products from organic producer, AUGA group, will be marketed at Costco, one of the world's largest retailers.
The company's subsidiary company has signed agreement with "Costco Wholesale Canada Ltd". Buyers in Canada will be able to purchase AUGA organic soup. First order is the biggest order in ready-to-eat products category received by AUGA group for export markets to date.
"We met Costco representatives at an exhibition in Chicago last year. Negotiations lasted less than a year. This is a very short time, as for many manufacturers, it usually takes 2-3 years to reach Costco warehouses. Having international quality and production control certificates and audits, helped speed up the process. However, formal documentation was not enough to enter Costco stores. During the final stage of negotiations, Costco representatives tasted the soups for themselves and chose their favorites. We have signed a regular supply agreement and are executing the first order. We will see the real annual sales volume after receiving further orders", - says Laurynas Miskinis, Head of Organic Products R&D; and Commerce of AUGA group.
Costco has more than 700 stores worldwide, of which nearly 100 are located in Canada. Most of the stores are located in the United States - over 500. Although the number of Costco stores is not very big, it is one of the largest retailers in the world in terms of turnover, which in the past fiscal year, amounted to 129 billion USD. One Costco store on average generates more than 160 million USD sales per year.
After entering the Canadian market, it will be much easier to access other major markets, such as the United States, in the future. Partnering with Costco proves that the company meets the highest quality standards and can provide a regular supply of sufficient production volume.
General manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 24.07.2018 17:31
AUGA GROUP AB (151/2018) Updated presentation of AUGA group, AB
24.07.2018 17:31AUGA GROUP AB (151/2018) Updated presentation of AUGA group, AB
Podstawa prawna: AUGA group, AB has updated its presentation.
CEO
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 20.07.2018 11:32
AUGA GROUP AB (150/2018) Approved second supplement to the prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
20.07.2018 11:32AUGA GROUP AB (150/2018) Approved second supplement to the prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
Podstawa prawna: NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
Approved second supplement to the prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
On 20 July 2018 the Bank of Lithuania approved the second supplement to the prospectus of public offering of ordinary registered shares of AUGA group, AB (hereinafter, the "Company") and their admission to trading on the regulated markets (hereinafter, the "Prospectus"), which had been approved by the Bank of Lithuania on 2 July 2018 (decision No. 241-158), and later amended by the first supplement, dated 17 July 2018 (decision No. 241-169) (hereinafter, the "Prospectus Supplement", please see the attached documents) and passported thereof to the Polish Financial Supervision Authority.
The Prospectus Supplement was approved and announced taking into account that on 19 July 2018 the Board of the Company, upon recommendation of the global lead manager LHV Pank AS, decided to extend the subscription period of offer shares, being offered on the basis of the Prospectus (the "Offering"), until 17 August 2018, changing the other dates, related to the Offering accordingly. It was decided to extend the terms of the Offering taking into consideration inter alia that the Framework Agreement with the European Bank for Reconstruction and Development was signed and the announcement was made (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=848837&messageId;=1067661) very shortly prior to the close of the Offering period, so that the investment community has sufficient time to review this latest development.
The Prospectus Supplement introduced the necessary related changes. All other terms and conditions in connection with the Offering have not changed and remain the same as indicated by the Company in its Prospectus announced on 3 July 2018 and in the first supplement of the Prospectus, dated 17 July 2018.
Following part 2 of Article 11 of the Law of the Republic of Lithuania on Securities, the investors who have expressed the consent to acquire the securities or subscribe them before the publication of this Prospectus Supplement may withdraw such consent within two business days from the date of the publication of the Prospectus Supplement.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any such offer is made solely by means of the Prospectus (including the first and the second Prospectus Supplement, being announced by this notification) and the Prospectus (including the first and the second Prospectus Supplement, being announced by this notification) is the only legally binding document containing information on the Company and on the public offering of the Company's shares. The Prospectus (including the first and the second Prospectus Supplement, being announced by this notification) is published on the website of the Company (www.auga.lt), and (for information purposes only) on the website of LHV Pank AS, acting as the Global Lead Manager (www.lhv.ee) and as a material event notification on www.nasdaqbaltic.com, www.crib.lt, www.gpwinfostrefa.pl and at www.gpw.pl.
Furthermore, the Prospectus (including the first and the second Prospectus Supplement, being announced by this notification) has been prepared on the basis that there will be no public offers of the Company's shares, other than the offering to the public in the territory of the Republic of Lithuania in accordance with the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC, as implemented in Lithuania.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
CEO:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 19.07.2018 21:56
AUGA GROUP AB (149/2018) Management Board of AUGA group, AB decided to apply for an extension of the public offer period
19.07.2018 21:56AUGA GROUP AB (149/2018) Management Board of AUGA group, AB decided to apply for an extension of the public offer period
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
On July 19, 2018, AUGA group's, AB (the "Company") Management Board decided to initiate the process of applying for an extension of the public offer period presently in place.
In light of the announcement of the execution of a Framework Agreement with the European Bank for Reconstruction and Development ("EBRD") (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=848820&messageId;=1067642) coming very shortly prior to the close of the public offer period and coinciding with the height of the summer vacation period, the Company's management board has decided to apply for an extension of the subscription period so that the investment community has sufficient time to review this latest development.
"We have communicated with many investors throughout Europe and beyond during the pre-marketing and deal roadshow period. It is clear that many in Europe are presently away on vacations and therefore it has not been possible to share this event in a timely manner. In our view the extension is the only reasonable step to take so as to provide all investors an equal chance to digest the announcement" - states Kęstutis Juščius, Chairman of the Board of the Company.
The request to extend the public offering period has been filed with the regulator (Bank of Lithuania) and further news will be published when available.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any such offer is made solely by means of the Prospectus and the Prospectus is the only legally binding document containing information on the Company and on the public offering of the Company's shares. The Prospectus is published on the website of the Company (www.auga.lt), and (for information purposes only) on the website of LHV Pank AS, acting as the Global Lead Manager (www.lhv.ee) and as a material event notification on www.nasdaqbaltic.com, www.crib.lt, www.gpwinfostrefa.pl and at www.gpw.pl.
Furthermore, the Prospectus has been prepared on the basis that there will be no public offers of the Company's shares, other than the offering to the public in the territory of the Republic of Lithuania in accordance with the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC, as implemented in Lithuania.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
General Manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 19.07.2018 17:23
AUGA GROUP AB (148/2018) In the course of public offering of shares in AUGA group, AB, the Framework Agreement was signed with European Bank for Reconstruction and Development
19.07.2018 17:23AUGA GROUP AB (148/2018) In the course of public offering of shares in AUGA group, AB, the Framework Agreement was signed with European Bank for Reconstruction and Development
On 19 July 2018 AUGA group, AB (the "Company"), its major shareholder Baltic Champs Group, UAB (the "Shareholder"), Mr. Kęstutis Juščius (a final beneficial owner of the Shareholder) and European Bank for Reconstruction and Development ("EBRD") entered into a framework agreement (the "Framework Agreement") pursuant to which, subject to EBRD subscribing for the newly issued shares of the Company (the "Offer Shares"), offered during the public offering (the "Offering") under the prospectus, approved by the Bank of Lithuania on 2 July 2018, as amended by its supplement of 17 July 2018, and the Offering completing, the Company has undertaken to comply with certain environment and social compliance and corporate governance recommendations and requirements of the EBRD, whereas the Shareholder, if and as long as EBRD holds more than 3% of the Company's shares, undertook to vote in favour of the EBRD's nominee, if any, to the Supervisory Council of the Company.
Notwithstanding the Company, the Shareholder, its final beneficial owner and EBRD having entered into the Framework Agreement, EBRD is under no obligation to acquire any of the Offer Shares in the Offering and the Company is under no obligation to complete the Offering.
The person authorized to provide additional information:
General Manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 17.07.2018 11:39
Auga Group zwiększa ofertę publiczną do maksymalnie 80 mln akcji
17.07.2018 11:39Auga Group zwiększa ofertę publiczną do maksymalnie 80 mln akcji
We wtorek Bank Litwy zatwierdził aneks do prospektu emisyjnego spółki.
Obecnie trwają zapisy dla inwestorów oraz budowa księgi popytu w ofercie publicznej Auga Group. Spółka planuje, że 23 lipca lub "w zbliżonym terminie" nastąpi ustalenia ostatecznej liczby oferowanych akcji oraz ustalenie ceny walorów w ofercie. Debiut na GPW i Nasdaq Vilnius planowany jest na 3 sierpnia.
Przedział cenowy akcji Auga Group został ustalony na 0,45-0,50 euro.
Na początku stycznia litewska grupa Auga (dawna AB Agrowill Group), zajmująca się rolnictwem ekologicznym, informowała, że chce w ramach oferty publicznej na GPW i giełdzie Nasdaq Vilnius wyemitować akcje o wartości do 20 mln euro (według średniej ceny z przedziału cenowego oferowanych akcji), by sfinansować akwizycje i dalszy rozwój. Celem jest także zwiększenie płynności akcji spółki.
Akcje Auga Group są już notowane na warszawskiej giełdzie. Ostatni raz były one handlowane 25 maja, po kursie 1,64 zł.
Spółka podała, że od 2014 roku zainwestowała w rozwój nowoczesnego rolnictwa ponad 15 mln euro. W przyszłości chce zajmować się nie tylko rolnictwem ekologicznym, ale także rozwojem i dostarczaniem rozwiązań technologicznych dla łańcucha dostaw żywności organicznej.
Głównym akcjonariuszem spółki jest Baltic Champs Group UAB. (PAP Biznes)
kuc/ ana/
- 17.07.2018 11:07
AUGA GROUP AB (147/2018) Approved supplement to the prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
17.07.2018 11:07AUGA GROUP AB (147/2018) Approved supplement to the prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
Podstawa prawna: NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THis STOCK EXCHANGE RELEASE.
AUGA group, AB
Prospectus supplement
Approved supplement to the prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
On 17 July 2018 the Bank of Lithuania approved the supplement to the prospectus of public offering of ordinary registered shares of AUGA group, AB (hereinafter, the "Company") and their admission to trading on the regulated markets (hereinafter, the "Prospectus"), which had been approved by the Bank of Lithuania on 2 July 2018 (decision No. 241-158), (hereinafter, the "Prospectus Supplement", please see the attached documents) and passported thereof to the Polish Financial Supervision Authority.
The Prospectus Supplement was approved and announced taking into account that after on 16 July 2018 the extraordinary general meeting of shareholders of the Company decided that during the public offering of the shares of the Company (hereinafter, the "Offering"), in addition to the new shares of the Company to be issued in fulfilment of the decisions of the extraordinary general meeting of shareholders of the Company of 28 March 2018 regarding increase of the authorised capital with additional contributions of persons subscribing for the shares, as amended on 30 April 2018, up to 40,000,000 existing shares of the Company held by Baltic Champs Group, UAB will also be offered for sale, i.e. the number of such shares has been increased by 20,000,000, by reason of which the total number of shares of the Company offered during the Offering will be up to 80,000,000, i.e. up to 40,000,000 new shares and up to 40,000,000 sale shares. Besides, the Prospectus Supplement was approved and announced also by the reason that on 28 June 2018 amendments to certain tax law were enacted, which will come into effect on 1 January 2019 and which, in the opinion of the Board of the Company, it would be expedient to describe in a relevant part of the Prospectus.
The Prospectus Supplement introduced the necessary related changes. All other terms and conditions in connection with the Offering have not changed and remain the same as indicated by the Company in its Prospectus announced on 3 July 2018.
Following part 2 of Article 11 of the Law of the Republic of Lithuania on Securities, the investors who have expressed the consent to acquire the securities or subscribe them before the publication of the Prospectus Supplement may withdraw such consent within two business days from the date of the publication of the Prospectus Supplement.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any such offer is made solely by means of the Prospectus (including the Prospectus Supplement) and the Prospectus (including the Prospectus Supplement) is the only legally binding document containing information on the Company and on the public offering of the Company's shares. The Prospectus (including the Prospectus Supplement) is published on the website of the Company (www.auga.lt), and (for information purposes only) on the website of LHV Pank AS, acting as the Global Lead Manager (www.lhv.ee) and as a material event notification on www.nasdaqbaltic.com, www.crib.lt, www.gpwinfostrefa.pl and at www.gpw.pl.
Furthermore, the Prospectus (including the Prospectus Supplement) has been prepared on the basis that there will be no public offers of the Company's shares, other than the offering to the public in the territory of the Republic of Lithuania in accordance with the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC, as implemented in Lithuania.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
General Manager:
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 16.07.2018 08:41
AUGA GROUP AB (146/2018) Decision of extraordinary shareholders' meeting of AUGA group, AB which took place on 16 July 2018
16.07.2018 08:41AUGA GROUP AB (146/2018) Decision of extraordinary shareholders' meeting of AUGA group, AB which took place on 16 July 2018
Decision of extraordinary shareholders' meeting of AUGA group, AB (hereinafter - the Company) which took place on 16 July 2018 (alternative decision was proposed during the meeting):
To amend the decision on agenda issue 1.4 taken by the Company at the extraordinary general meeting of shareholders held on 28 March 2018, amended by decision on agenda issue 6 of the ordinary general meeting of shareholders held on 30 April 2018, by increasing the number of the existing shares held by Baltic Champs Group, UAB and offered together with the public offering of the shares of the Company from 20,000,000 shares up to 40,000,000 shares, as referred to in the decision, and set out the decision respectively:
"1.4. To establish that the newly issued shares to be issued under the decisions of the General Meeting of Shareholders of the Company, dated 28 March 2018 (up to 80,000,000 new ordinary registered shares with a nominal value of EUR 0.29 each, hereinafter referred to as the Newly Issued Shares) shall be offered to the investors during the public offering of the shares of the Company together with up to 40,000,000 existing shares, owned by Baltic Champs Group, UAB (hereinafter referred to as the Existing Shares). The General Meeting of Shareholders of the Company confirms that it consents and does not object that during the offering the Existing Shares, held by Baltic Champs Group, UAB may be offered together with the Newly Issued Shares and that during the offering no Company's shares, held by any other shareholders of the Company will be offered; the costs of the public offering process will have to be covered by the Company and the Shareholder accordingly to the number of the sold Newly Issued Shares and the Existing Shares respectively. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares (which will also be the final sale price of the Existing Shares), define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares (including the Existing Shares). The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the offer shares (including the Existing Shares) and admission of the Newly Issued Shares to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation."
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group AB, Konstitucijos pr. 21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
Linas Bulzgys
General Manager
tel. +370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 10.07.2018 09:09
AUGA GROUP AB (145/2018) Updated presentation of AUGA group, AB
10.07.2018 09:09AUGA GROUP AB (145/2018) Updated presentation of AUGA group, AB
Podstawa prawna: AUGA group, AB has updated its presentation.
CEO
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 03.07.2018 07:55
Bank Litwy zatwierdził prospekt emisyjny Auga Group AB, emisja do 40 mln akcji w lipcu
03.07.2018 07:55Bank Litwy zatwierdził prospekt emisyjny Auga Group AB, emisja do 40 mln akcji w lipcu
Przedział cenowy akcji Auga Group został ustalony między 0,45 a 0,50 euro. Ostateczna cena, a także wielkość oferty i jej podział między inwestorów instytucjonalnych i indywidualnych zostanie ustalony około 23 lipca.
Na początku stycznia litewska grupa Auga (dawna AB Agrowill Group), zajmująca się rolnictwem ekologicznym, informowała, że chce w ramach oferty publicznej wyemitować akcje o wartości do 20 mln euro, by sfinansować akwizycje i dalszy rozwój. Celem jest także zwiększenie płynności i free floatu spółki.
Akcje Auga Group są już notowane na warszawskiej giełdzie. Ostatni raz były one handlowane 25 maja, po kursie 1,64 zł.
Spółka podała, że od 2014 roku zainwestowała w rozwój nowoczesnego rolnictwa ponad 15 mln euro. W przyszłości chce zajmować się nie tylko rolnictwem ekologicznym, ale także rozwojem i dostarczaniem rozwiązań technologicznych dla łańcucha dostaw żywności organicznej. (PAP Biznes)
pr/
- 03.07.2018 07:34
AUGA GROUP AB (144/2018) Approved prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
03.07.2018 07:34AUGA GROUP AB (144/2018) Approved prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
Podstawa prawna: NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
AUGA group, AB
Prospectus/Announcement of Prospectus
Approved prospectus of public offering of shares of AUGA group, AB and their admission to regulated markets
On 2 July 2018 the Bank of Lithuania approved the prospectus of public offering of ordinary registered shares of AUGA group, AB (hereinafter, the "Company") and their admission to trading on the regulated markets (hereinafter, the "Prospectus", please see the attached documents) and passported thereof to the Polish Financial Supervision Authority.
The approved Prospectus is designated to (i) the public offering of up to 40,000,000 newly issued ordinary registered shares and up to 20,000,000 existing ordinary registered shares of the Company and (ii) of the admission of up to 40,000,000 newly issued shares of the Company to trading on AB Nasdaq Vilnius and on the Warsaw Stock Exchange.
The decision with regards to issue of new shares of the Company, public offering and admission thereof to trading on regulated markets has been adopted in the extraordinary general meeting of shareholders of the Company on 28 March 2018 (as partly amended on 30 April 2018, also which may be partly amended on 16 July 2018, if the convened general meeting of shareholders of the Company will approve the respective amendments) and has been detailed by the decisions of the Board of the Company.
Following the Prospectus, the offering consists of a public offering to retail investors in Lithuania, private offering to institutional or qualified investors, and private offering to individually identified non-institutional and non-qualified investors. The above institutional offering and the private offering are not public and will be conducted in reliance on the appropriate exemptions in those jurisdictions where they will be conducted. The offer shares are not offered publicly in any country other than Lithuania.
The subscriptions from retail and institutional investors are due to be accepted by all Nasdaq Vilnius members from 3 July till 20 July. Shares are offered in the price range between EUR 0.45 and EUR 0.50 per share. The final offer price will be the same to all investors. Detailed conditions on provision of orders and payment thereof as well as allotment of offer shares are indicated in the Prospectus.
Determination and announcement of the final offer price, final number of the offer shares and the allotment between the retail and institutional investors shall be established and announced on or about 23 July 2018.
The Company also informs that as it is indicated in the Prospectus, currently the issue regarding the valuation of shares in UAB "eTime invest" as described in the emphasis of matter paragraph of the auditor's reports on the group's and the Company's consolidated and separate financial statements for the years ended 31 December 2017, 2016 and 2015 is fully resolved and there is no dispute anymore regarding payment for previously issued shares of the Company. Thus, all of them are fully paid-up.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.
Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any such offer is made solely by means of the Prospectus and the Prospectus is the only legally binding document containing information on the Company and on the public offering of the Company's shares. The Prospectus is published on the website of the Company (www.auga.lt), and (for information purposes only) on the website of LHV Pank AS, acting as the Global Lead Manager (www.lhv.ee) and as a material event notification on www.nasdaqbaltic.com, www.crib.lt, www.gpwinfostrefa.pl and at www.gpw.pl.
Furthermore, the Prospectus has been prepared on the basis that there will be no public offers of the Company's shares, other than the offering to the public in the territory of the Republic of Lithuania in accordance with the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC, as implemented in Lithuania.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
CEO:
Linas Bulzgys
+370 5 233 5340
Annexes:
Prospectus (in English only)
Decision of the LB on approval of the Prospectus
Translation of the summary to the Prospectus into Lithuanian
Translation of the summary to the Prospectus into Polish
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 26.06.2018 12:33
AUGA GROUP AB (143/2018) Decision of Nasdaq Vilnius concerning conditional admission of AUGA group, AB shares to the Main Trading List
26.06.2018 12:33AUGA GROUP AB (143/2018) Decision of Nasdaq Vilnius concerning conditional admission of AUGA group, AB shares to the Main Trading List
Vilnius, Lithuania, 2018-06-26 09:27 CEST (GLOBE NEWSWIRE) -- Nasdaq Vilnius made a decision concerning conditional admission of AUGA group, AB shares (ISIN code: LT0000127466, ticker: AUG1L) to the Main Trading List of Nasdaq Vilnius at the request of the Company:
1. To admit ordinary registered shares (ORS, ISIN code LT0000127466) of AUGA group, AB to the Main Trading List of Nasdaq Vilnius provided that by September 30, 2018 AUGA group, AB fulfils the following condition set by the Nasdaq Vilnius Board, i.e. ORS of AUGA group, AB shall be distributed to the public to the extent that the requirement regarding a sufficient portion of the free float set forth in the clause 5.4. of the Listing Rules of AB Nasdaq Vilnius would be met.
2. To determine that ORS of AUGA group, AB shall be considered admitted to the Main List when AUGA group, AB presents the report to Nasdaq Vilnius concerning fulfilment of the condition established by the Nasdaq Vilnius Board and the decision of the Nasdaq Vilnius Board, confirming that the issuer and its financial instruments meet all the requirements set forth in the Listing Rules of Nasdaq Vilnius AB, is made.
3. If the issuer and its financial instruments meet all the requirements established by the Nasdaq Vilnius Board, the Nasdaq Vilnius Board will decide the day of admission of the financial instruments into the Main Trading list.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 22.06.2018 16:14
AUGA GROUP AB (142/2018) Notice on Convocation of the Extraordinary General Meeting of Shareholders of AUGA group, AB on 16 July 2018
22.06.2018 16:14AUGA GROUP AB (142/2018) Notice on Convocation of the Extraordinary General Meeting of Shareholders of AUGA group, AB on 16 July 2018
Podstawa prawna: On the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos pr. 21C, Vilnius, hereinafter - the Company) the extraordinary general meeting of shareholders of the Company is being convened on 16 July 2018, at 8.30 a.m.
The meeting will be held in the registered office of the Company, address Konstitucijos pr. 21C, Vilnius.
The registration of the shareholders begins at 8.00 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting is 9 July 2018.
Agenda of the meeting:
1. Amendment of the decision on agenda issue 1.4 taken by the Company at the extraordinary general meeting of shareholders held on 28 March 2018, amended by decision on agenda issue 6 of the ordinary general meeting of shareholders held on 30 April 2018, by increasing the number of the existing shares held by Baltic Champs Group, UAB and offered together with the public offering of the shares of the Company, as referred to in the decision.
Draft decisions proposed:
1. Amendment of the decision on agenda issue 1.4 taken by the Company at the extraordinary general meeting of shareholders held on 28 March 2018, amended by decision on agenda issue 6 of the ordinary general meeting of shareholders held on 30 April 2018, by increasing the number of the existing shares held by Baltic Champs Group, UAB and offered together with the public offering of the shares of the Company, as referred to in the decision.
To amend the decision on agenda issue 1.4 taken by the Company at the extraordinary general meeting of shareholders held on 28 March 2018, amended by decision on agenda issue 6 of the ordinary general meeting of shareholders held on 30 April 2018, by increasing the number of the existing shares held by Baltic Champs Group, UAB and offered together with the public offering of the shares of the Company from 20,000,000 shares up to 40,000,000 shares, as referred to in the decision, and set out the decision respectively:
"1.4. To establish that the newly issued shares to be issued under the decisions of the General Meeting of Shareholders of the Company, dated 28 March 2018 (up to 80,000,000 new ordinary registered shares with a nominal value of EUR 0.29 each, hereinafter referred to as the Newly Issued Shares) shall be offered to the investors during the public offering of the shares of the Company together with up to 40,000,000 existing shares, owned by Baltic Champs Group, UAB (hereinafter referred to as the Existing Shares), subject to the condition that the creditors of Baltic Champs Group, UAB do not object to such offering of the Existing Shares. The General Meeting of Shareholders of the Company confirms that it consents and does not object that during the offering the Existing Shares, held by Baltic Champs Group, UAB may be offered together with the Newly Issued Shares and that during the offering no Company's shares, held by any other shareholders of the Company will be offered; if the Existing Shares will be offered together with the Newly Issued Shares, the costs of the public offering process will have to be covered by the Company and the Shareholder accordingly to the number of the sold Newly Issued Shares and the Existing Shares respectively. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares (which will also be the final sale price of the Existing Shares, if applicable), define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares (including the Existing Shares, if applicable). The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the offer shares (including the Existing Shares, if applicable) and admission of the Newly Issued Shares to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation."
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered
office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at AUGA group, AB, at the address Konstitucijos pr. 21C, Vilnius, or on the Company's website at www.auga.lt.
Attached:
1. General voting ballot.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 01.06.2018 10:24
AUGA GROUP AB (141/2018) Presentation of AUGA group, AB at the event "CEO meets investors" organised by NASDAQ OMX Vilnius
01.06.2018 10:24AUGA GROUP AB (141/2018) Presentation of AUGA group, AB at the event "CEO meets investors" organised by NASDAQ OMX Vilnius
Podstawa prawna: Please find attached presentation of AUGA group, AB, which was presented at the event "CEO meets investors" organised by NASDAQ OMX Vilnius, on 1 June 2018.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 31.05.2018 19:14
AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 1/2018 QS
31.05.2018 19:14AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 1/2018 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2018 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2018 okres od do kwartał(y) narastająco / okres od do REVENUE 11,492 12,107 OPERATING PROFIT 989 289 PROFIT FOR THE PERIOD 625 17 TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO EQUITY HOLDERS 664 17 NET CASH GENERATED FROM OPERATING ACTIVITIES (3,162) 1,165 NET CASH USED IN INVESTING ACTIVITIES (2,399) (2,445) NET CASH GENERATED FROM FINANCING ACTIVITIES 5,981 53 TOTAL ASSETS 158,675 148,548 TOTAL EQUITY 79,640 79,015 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 14.05.2018 17:31
AUGA GROUP AB (140/2018) Supreme Administrative Court of Lithuania partly satisfied the appeal by the Company regarding decision of Bank of Lithuania
14.05.2018 17:31AUGA GROUP AB (140/2018) Supreme Administrative Court of Lithuania partly satisfied the appeal by the Company regarding decision of Bank of Lithuania
AUGA group, AB (legal entity code: 126264360, address: Konstitucijos pr. 21C, Vilnius; hereinafter - the "Company") has received decision of the Supreme Administrative Court of Lithuania (hereinafter - the "LVAT") regarding legality of the decision of the Supervision Service of the Bank of Lithuania, dated 15 February 2016, No. 241-38 (hereinafter - the "Decision"). Information on adoption and content of as well as appeal against the Decision was provided by the Company in notifications dated 18 February 2016 and 29 March 2016.
LVAT sustained part of the Decision, requiring the Company to re-evaluate true value of 100 per cent of shares in UAB "eTime invest", used for payment of part of authorized capital of the Company, and in case the conclusion would have been reached that shares in the Company were not fully paid, to rectify situation as required according to applicable laws and regulations by 1 May 2016 m. The remaining disputed parts of the Decision (regarding warning and instruction to retrospectively correct financial accounts for year 2015) were referred back to a court of the first instance.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 30.04.2018 17:07
AUGA GROUP AB (139/2018) Decisions of Ordinary General Meeting of Shareholders of AUGA group, AB which took place on 30 April 2018
30.04.2018 17:07AUGA GROUP AB (139/2018) Decisions of Ordinary General Meeting of Shareholders of AUGA group, AB which took place on 30 April 2018
Podstawa prawna: Decisions of the Ordinary General Meeting of Shareholders of AUGA group, AB (legal entity code 126264360, address: Konstitucijos ave. 21C, Vilnius; hereinafter the "Company") which took place on April 30 2018:
1. Consolidated annual report of the Company for the year 2017 and report of the auditor:
Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2017.
Decision:
To approve consolidated annual financial statements for the year 2017.
3. Approval of the profit (loss) appropriation of the Company for the year 2017.
Decision:
To distribute the Company‘s profit in the total amount of EUR 8,122,234 available for appropriation, as follows:
No. / Ratios / Amount, euro
1. / Non-allocated profit (loss) of the previous year at the end of the financial year as of 31 December 2017* / -13,267,059
2. / Net profit (loss) for the financial year / 21,389,293
3. / Profit (loss) for the reporting financial year not recognized in the profit and loss account / -
4. / Transfers from reserves / -
5. / Shareholders' contribution against losses / -
6. / Portion of the reserve of tangible fixed assets / -
7. / Profit (loss) for allocation (1+2+3+4+5+6) / 8,122,234
8. / Allocation of profit to compulsory reserve / 1,069,465
9. / Allocation of profit to reserve for granting of shares / 957,000
10. / Allocation of profit to other reserves / -
11. / Allocation of profit to dividends / -
12. / Allocation of profit to tantiems / -
13. / Non-allocated profit (loss) at the end of the year 2017 carried forward to next financial year (8-9-10-11-12) / 6,095,769
* The share premium of EUR 7,152,034 was used to cover the losses by a decision of extraordinary general meeting of shareholders held on 6 November 2017.
4. Appointment of the auditor of the Company.
Decision:
To appoint UAB "PricewaterhouseCoopers" (code: 111473315) as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2018 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than EUR 50,000 (fifty thousand) (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
5. Approval of the rules for granting Company's shares to employees and (or) members of the bodies of the Company.
Decision:
To approve the rules for granting Company's shares to employees and (or) members of the bodies of the Company.
Taking into account that in accordance with item 3 (decision on profit appropriation) EUR 957,000 was allocated to the reserve for granting of shares, to confirm that until the next ordinary general meeting of shareholders, according to the terms of the rules for granting Company's shares to employees and (or) members of the bodies of the Company there may be granted shares/ signed option agreements for up to 3,300,000 ordinary registered shares of the Company.
6. Amendment of the decisions adopted on the General Meeting of Shareholders of the Company, dated 28 March 2018.
Decision:
To amend the decisions adopted on items 1.4 and 4 of the agenda of the General Meeting of Shareholders of the Company, dated 28 March 2018 and to word them as follows:
"1.4. To establish that the newly issued shares to be issued under the decisions of the General Meeting of Shareholders of the Company, dated 28 March 2018 (up to 80,000,000 new ordinary registered shares with a nominal value of EUR 0.29 each, hereinafter referred to as the Newly Issued Shares) shall be offered to the investors during the public offering of the shares of the Company together with up to 20,000,000 existing shares, owned by Baltic Champs Group, UAB (hereinafter referred to as the Existing Shares), subject to the condition that the creditors of Baltic Champs Group, UAB do not object to such offering of the Existing Shares. The General Meeting of Shareholders of the Company confirms that it consents and does not object that during the offering the Existing Shares, held by Baltic Champs Group, UAB may be offered together with the Newly Issued Shares and that during the offering no Company's shares, held by any other shareholders of the Company will be offered; if the Existing Shares will be offered together with the Newly Issued Shares, the costs of the public offering process will have to be covered by the Company and the Shareholder accordingly to the number of the sold Newly Issued Shares and the Existing Shares respectively. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares (which will also be the final sale price of the Existing Shares, if applicable), define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares (including the Existing Shares, if applicable). The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the offer shares (including the Existing Shares, if applicable) and admission of the Newly Issued Shares to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation."
"4. To authorise the Board to determine the final conditions of the public offer of the Company's shares (Newly Issued Shares and, if applicable, Existing Shares), including, without limitation, the final issue price (sale price) of these shares, as well as the final number of the Newly Issued Shares to be issued and the final number of the Existing Shares to be allocated (if applicable)."
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group, AB, Konstitucijos ave.21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
Attached:
1. Consolidated annual financial statements for the year 2017 and consolidated annual report. Independent Auditor's report.
2. Confirmation of responsible persons.
3. Rules on granting Company's shares to employees and (or) members of the bodies of the Company.
CEO
Linas Bulzgys
+370 5 233 5340
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- 20.04.2018 18:17
AUGA GROUP AB (138/2018) CORRECTION: Notice on the draft decisions of an Ordinary General Meeting of Shareholders of AUGA group, AB to be held on 30 April 2018 and consolidated annual financial statements for the year 2017 filed for adoption
20.04.2018 18:17AUGA GROUP AB (138/2018) CORRECTION: Notice on the draft decisions of an Ordinary General Meeting of Shareholders of AUGA group, AB to be held on 30 April 2018 and consolidated annual financial statements for the year 2017 filed for adoption
Podstawa prawna: AUGA group, AB (legal entity code 126264360, address: Konstitucijos pr. 21C, Vilnius) hereby publishes correct attachment to notice dated 19 April 2018 "Consolidated annual financial statements for the year 2017 and consolidated annual report. Independent Auditor's report". Correction concerns annex to the annual report in English. Lithuanian version is correct.
Correction does not concern the text of notice and the remaining attachments.
Attached:
1. Consolidated annual financial statements for the year 2017 and consolidated annual report. Independent Auditor's report. - in English.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 19.04.2018 22:13
AUGA GROUP AB (138/2018) Notice on the draft decisions of an Ordinary General Meeting of Shareholders of AUGA group, AB to be held on 30 April 2018 and consolidated annual financial statements for the year 2017 filed for adoption
19.04.2018 22:13AUGA GROUP AB (138/2018) Notice on the draft decisions of an Ordinary General Meeting of Shareholders of AUGA group, AB to be held on 30 April 2018 and consolidated annual financial statements for the year 2017 filed for adoption
Podstawa prawna: AUGA group, AB (legal entity code 126264360, address: Konstitucijos pr. 21C, Vilnius) files its consolidated annual financial statements for the year 2017 for adoption by the ordinary general meeting of shareholders.
Management comment
In 2017, the audited revenues of AUGA group, AB companies (hereinafter referred to as the Group) were EUR 48.78 million, i.e. does not differ from the unaudited data published on 28 February 2018.
Audited net profit of the Group for year 2017 increased from EUR 4.74 million to EUR 5.02 million, compared to unaudited data, mostly due to the reversal of some earlier made provisions and accruing of additional deferred corporate income tax asset.
The Group's audited EBITDA for the year 2017 amounted to EUR 13.18 million (published unaudited EBITDA was EUR 13.10 million for the year 2017).
The management of the Group made a decision to change the formula for EBITDA calculation for the future periods in order to align it with the method used by the Group's largest creditors (banks) to calculate covenants. EBITDA for the year 2017 recalculated using the new formula would amount to EUR 14.19 million. For comparison, EBITDA for the year 2016 calculated using the new formula would be EUR 11.21 million, while EUR 9.62 million was reported using the previous formula.
New EBITDA calculation formula is net cash flow from operating activities before changes in working capital, as disclosed in cash flow statement, including gain (loss) on changes in fair value of biological assets. The Group will use the new formula for EBITDA calculating in the coming periods.
The Group's management reviewed the revaluation of agricultural land owned by the Group at the end of 2017 with grater conservatism and adjusted it. As a result, the positive result of the revaluation of agricultural land decreased from EUR 4.8 million, published in the unaudited financial statements for the 12 months period ended in 31 December 2017, to EUR 1.8 million in the audited financial statements for the year 2017. This adjustment did not have any significant impact on the Group's net profit for the year 2017.
Proposed draft decisions of the ordinary general meeting of shareholders
Draft decisions of the ordinary shareholders meeting which will take place on 30 April 2018:
1.1. Consolidated annual report of the Company for the year 2017 and report of the auditor:
Taken for the information.
1.2. Approval of consolidated annual financial statements of the Company for the year 2017.
Draft decision:
To approve consolidated annual financial statements for the year 2017.
1.3. Approval of the profit (loss) appropriation of the Company for the year 2017.
Draft decision:
To distribute the Company‘s profit in the total sum of EUR 8,122,234 available for appropriation, as follows:
No. Ratios Amount, Euros
1. Non-allocated profit (loss) of the previous year
at the end of the financial year as of 31 December 2017*: -13,267,059
2. Net profit (loss) for the financial year 21,389,293
3. Profit (loss) for the reporting financial year
not recognized in the profit and loss account: -
4. Transfers from reserves -
5. Shareholders' contribution against losses -
6. Portion of the reserve of tangible fixed assets -
7. Profit (loss) for allocation (1+2+3+4+5+6) 8,122,234
8. Allocation of profit to compulsory reserve 1,069,465
9. Allocation of profit to reserve for granting of shares 957,000
10. Allocation of profit to other reserves -
11. Allocation of profit to dividends -
12. Allocation of profit to tantiems -
13. Non-allocated profit (loss) at the end of the year 2017
carried forward to next financial year (8-9-10-11-12) 6,095,769
* The share premium of 7,152,034 euro was used to cover the losses by a decision of extraordinary general meeting of shareholders held on 6 November 2017.
1.4. Appointment of the auditor of the Company.
Draft decision:
To appoint UAB "PricewaterhouseCoopers" (code: 111473315) as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2018 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than EUR 50,000 (fifty thousand) (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
1.5. Approval of the rules for granting Company's shares to employees and (or) members of the bodies of the Company.
Draft decision:
To approve the rules for granting Company's shares to employees and (or) members of the bodies of the Company.
Taking into account that in accordance with point 1.3 (decision on profit appropriation) EUR 957,000 was allocated to the reserve for granting of shares, to confirm that until the next ordinary general meeting of shareholders, according to the terms of the rules for granting Company's shares to employees and (or) members of the bodies of the Company there may be granted shares/ signed option agreements for up to 3,300,000 ordinary registered shares of the Company.
Attached:
1. Consolidated annual financial statements for the year 2017 and consolidated annual report. Independent Auditor's report.
2. Confirmation of responsible persons.
3. Draft of the rules on granting Company's shares to employees and (or) members of the bodies of the Company.
4. General voting ballot.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 17.04.2018 22:59
AUGA GROUP AB (137/2018) Notice on the update of the agenda of the Ordinary General Meeting of Shareholders of AUGA group, AB to be held on 30 April 2018
17.04.2018 22:59AUGA GROUP AB (137/2018) Notice on the update of the agenda of the Ordinary General Meeting of Shareholders of AUGA group, AB to be held on 30 April 2018
On 16 April 2018 AUGA group, AB (code 126264360, address Konstitucijos pr. 21C, Vilnius, hereinafter - the Company) received a notice from its main shareholder Baltic Champs Group, UAB, which owns 165 167 939 shares and votes. In its notice, Baltic Champs Group, UAB suggested to update the agenda of the Ordinary General Meeting of Shareholders of the Company to be held on 30 April 2018 with the following item and its draft decision.
On 17 April 2018 the Board of the Company decided to update the agenda of the Ordinary General Meeting of Shareholders of the Company to be held on 30 April 2018 with the following item and its draft decision:
"6. Amendment of the decisions adopted on the General Meeting of Shareholders of the Company, dated 28 March 2018."
Proposed decision:
To amend the decisions adopted on items 1.4 and 4 of the agenda of the General Meeting of Shareholders of the Company, dated 28 March 2018 and to word them as follows:
"1.4. To establish that the newly issued shares to be issued under the decisions of the General Meeting of Shareholders of the Company, dated 28 March 2018 (up to 80,000,000 new ordinary registered shares with a nominal value of EUR 0.29 each, hereinafter referred to as the Newly Issued Shares) shall be offered to the investors during the public offering of the shares of the Company together with up to 20,000,000 existing shares, owned by Baltic Champs Group, UAB (hereinafter referred to as the Existing Shares), subject to the condition that the creditors of Baltic Champs Group, UAB do not object to such offering of the Existing Shares. The General Meeting of Shareholders of the Company confirms that it consents and does not object that during the offering the Existing Shares, held by Baltic Champs Group, UAB may be offered together with the Newly Issued Shares and that during the offering no Company's shares, held by any other shareholders of the Company will be offered; if the Existing Shares will be offered together with the Newly Issued Shares, the costs of the public offering process will have to be covered by the Company and the Shareholder accordingly to the number of the sold Newly Issued Shares and the Existing Shares respectively. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares (which will also be the final sale price of the Existing Shares, if applicable), define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares (including the Existing Shares, if applicable). The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the offer shares (including the Existing Shares, if applicable) and admission of the Newly Issued Shares to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation."
"4. To authorise the Board to determine the final conditions of the public offer of the Company's shares (Newly Issued Shares and, if applicable, Existing Shares), including, without limitation, the final issue price (sale price) of these shares, as well as the final number of the Newly Issued Shares to be issued and the final number of the Existing Shares to be allocated (if applicable)."
General Manager
Linas Bulzgys
+370 5 233 5340
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- 06.04.2018 18:40
AUGA GROUP AB (136/2018) Notice on Convocation of the Ordinary General Meeting of Shareholders of AUGA group, AB on 30 April, 2018
06.04.2018 18:40AUGA GROUP AB (136/2018) Notice on Convocation of the Ordinary General Meeting of Shareholders of AUGA group, AB on 30 April, 2018
On the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos pr. 21C, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 30 April 2018, at 4.00 p.m.
The meeting will be held in the conference room at the business centrum QUADRUM NORTH, address Konstitucijos pr. 21C, Vilnius.
The registration of the shareholders begins at 3.30 p.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 23 April 2018.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2017 and report of the Auditor.
2. Approval of consolidated annual financial statements of the Company for the year 2017.
3. Approval of the profit (loss) appropriation of the Company for the year 2017.
4. Appointment of the auditor of the Company.
5. Approval of the rules for granting Company's shares to employees and (or) members of the bodies of the company.
The draft decisions and general ballot will be disclosed by separate notification.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at AUGA group, AB, at the address Konstitucijos pr. 21C, Vilnius, or on the Company's website at www.auga.lt.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 06.04.2018 08:52
AUGA GROUP AB (135/2018) CORRECTION: AUGA group, AB Sustainability Report
06.04.2018 08:52AUGA GROUP AB (135/2018) CORRECTION: AUGA group, AB Sustainability Report
Podstawa prawna: Corrected: quantity of agricultural production, number of group companies.
AUGA group, AB, company code 126264360, address: Konstitucijos Ave. 21C, Vilnius.
We issue AUGA group, AB Sustainability Report for 2017.
CEO
Linas Bulzgys
+370 5 233 5340
Attachment:
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- 03.04.2018 18:32
AUGA GROUP AB (135/2018) AUGA group, AB Sustainability Report
03.04.2018 18:32AUGA GROUP AB (135/2018) AUGA group, AB Sustainability Report
Podstawa prawna: AUGA group, AB, company code 126264360, address: Konstitucijos Ave. 21C, Vilnius.
We issue AUGA group, AB Sustainability Report for 2017.
CEO
Linas Bulzgys
+370 5 233 5340
Attachment:
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- 28.03.2018 22:44
AUGA GROUP AB (134/2018) Decisions of extraordinary shareholder‘s meeting of AUGA group, AB which took place on 28th March, 2018
28.03.2018 22:44AUGA GROUP AB (134/2018) Decisions of extraordinary shareholder‘s meeting of AUGA group, AB which took place on 28th March, 2018
Podstawa prawna:
Decisions of extraordinary shareholder‘s meeting of AUGA group, AB (hereinafter - the Company) which took place on 28th March, 2018 (alternative wording of decisions was proposed during the meeting):
1. Increase of the authorized capital of the Company.
1.1. To increase the Company's authorized capital by EUR 23,200,000 by additional contributions from EUR 54,350,713.08 to EUR 77,550,713.08 by issuing new ordinary registered shares of the Company.
1.2. Company's authorized capital is increased by issuing up to 80,000,000 new ordinary registered shares of nominal value EUR 0.29 each (hereinafter referred to as Newly Issued Shares / Offer Shares). As per formal requirements of the applicable laws the minimum issue price of each Newly Issued Share shall therefore be deemed to be equal to EUR 0.29 each. The Company will decide the actual offering price after gauging investor interest and other related factors.
1.3. When not all the Newly Issued Shares are subscribed for within the period intended for share subscription, the authorized capital of the Company may be increased by the amount of nominal values of the shares subscribed for. In this case the Board shall be authorised to decide whether the increase of the authorized capital of the Company upon signing of not all the Newly Issued Shares should be deemed effected and (if so) the authorised capital of the Company must be increased by the amount of nominal values of the shares subscribed for.
1.4. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares, define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares. The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the Offer Shares and admission of all the shares of the Company to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation.
2. Revocation of the pre-emption rights to acquire the newly issued shares of the Company for the existing shareholders
Referring to the Board's notice, to revoke the pre-emption rights to acquire the Newly Issued Shares of the Company for the existing shareholders as the result of the intention to publicly offer the Newly Issued Shares according to the procedure established in the Law on Securities.
3. Approval of the Articles of Association of the Company; authorization of the General Manager
3.1. Referring to the increase of the authorised capital of the Company and the changed wording of the Law on Companies of the Republic of Lithuania, to approve the new wording of the Articles of Association of the Company (the complete text of the amended Articles of Association is attached as an Annex No 1).
3.2. If not all the Newly Issued Shares are subscribed for within the term for subscription of the shares and the Board of the Company decides to consider the increase of the authorised capital of the Company as effective, the Board of the Company shall make respective amendments in the Articles of Association concerning the amount of the authorised capital and the number of shares.
3.3. To authorize the Company's General Manager or other person authorized by him to sign and submit for registration the new wording of the Articles of Association, to draft, sign and submit to the Register of Legal Persons and/or a notary bureau and/or other organisations and institutions all and any other necessary documents required for the increase of the Company's authorised capital and to perform any other actions in relation with this assignment.
4. Authorisation to the Board to determine the final conditions of the public offer of the Company's shares
To authorise the Board to determine the final conditions of the public offer of the Company's shares (Offer Shares), including, without limitation, the final issue price (sale price) of the Offer Shares, as well as the final number of the New Shares to be issued.
5. Admission to listing and trading of the new shares of the Company on the regulated markets and authorization of the Board to take corresponding actions
To initiate the admission to listing and trading of Newly Issued Shares of the Company on the regulated markets of Warsaw Stock Exchange AB Nasdaq Vilnius and authorize the Board of the Company to perform any corresponding actions in relation to the issue.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group AB, Konstitucijos av. 21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
Attached:
1. Approved draft of the Articles of Association of AUGA group, AB.
Martynas Repečka
CFO
tel. +370 5 233 5340
Attachments:
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- 14.03.2018 19:07
AUGA GROUP AB (133/2018) AUGA group, AB decided to terminate the share purchase agreement of UAB Arginta Engineering and instead, has chosen to cooperate on technology development with Arginta Engineering on a contractual basis.
14.03.2018 19:07AUGA GROUP AB (133/2018) AUGA group, AB decided to terminate the share purchase agreement of UAB Arginta Engineering and instead, has chosen to cooperate on technology development with Arginta Engineering on a contractual basis.
The share sale and purchase agreement was signed on 22 January 2018, as per public notification of this event.
The agreement of shares purchase termination was signed on 14 March 2018. Following this agreement, AUGA group, AB will pay a termination fee of EUR 715 000, due no later than 31 December 2018.
"After additional assessment of the company's strategic options, we decided that the optimal way to develop innovative organic farming technologies at this stage is contract-based cooperation with several professional engineering companies, including Arginta Engineering", - says Linas Bulzgys, CEO of AUGA group, AB.
CEO
Linas Bulzgys
+370 5 233 5340
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- 14.03.2018 17:33
AUGA GROUP AB (133/2018) Updated presentation of AUGA group, AB
14.03.2018 17:33AUGA GROUP AB (133/2018) Updated presentation of AUGA group, AB
Podstawa prawna: AUGA group, AB has revised its presentation by including published unaudited annual financial results and information on activity during last year.
CEO
Linas Bulzgys
+370 5 233 5340
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- 08.03.2018 09:07
AUGA GROUP AB (132/2018) CORRECTION: Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 March 2018
08.03.2018 09:07AUGA GROUP AB (132/2018) CORRECTION: Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 March 2018
Podstawa prawna: Corrected: the record date of the meeting.
On the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos ave. 21C, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 28 March 2018, at 9.00 a.m.
The meeting will be held in the conference room at the business centrum QUADRUM NORTH, address Konstitucijos ave. 21C, Vilnius.
The registration of the shareholders begins at 8.30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 21 March 2018.
Agenda of the Meeting:
1. Increase of the authorized capital of the Company.
2. Revocation of the pre-emption rights to acquire the newly issued shares of the Company for the existing shareholders.
3. Approval of the Articles of Association of the Company; authorization of the Head of the Company.
4. Authorisation to the Board to determine the final conditions of the public offer of the Company's shares.
5. Admission to listing and trading of the shares of the Company on the regulated markets and authorization of the Board to take corresponding actions.
The draft decisions of the General Meeting of Shareholders:
1. Increase of the authorized capital of the Company
1.1. To increase the Company's authorized capital by EUR 11,600,000 by additional contributions from EUR 54,350,713.08 to EUR 65,950,713.08 by issuing new ordinary registered shares of the Company.
1.2. Company's authorized capital is increased by issuing up to 40,000,000 new ordinary registered shares of nominal value EUR 0.29 each (hereinafter referred to as Newly Issued Shares / Offer Shares). As per formal requirements of the applicable laws the minimum issue price of each Newly Issued Share shall therefore be deemed to be equal to EUR 0.29 each. The Company will decide the actual offering price after gauging investor interest and other related factors.
1.3. When not all the Newly Issued Shares are subscribed for within the period intended for share subscription, the authorized capital of the Company may be increased by the amount of nominal values of the shares subscribed for. In this case the Board shall be authorised to decide whether the increase of the authorized capital of the Company upon signing of not all the Newly Issued Shares should be deemed effected and (if so) the authorised capital of the Company must be increased by the amount of nominal values of the shares subscribed for.
1.4. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares, define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares. The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the Offer Shares and admission of all the shares of the Company to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation.
2. Revocation of the pre-emption rights to acquire the newly issued shares of the Company for the existing shareholders
Referring to the Board's notice, to revoke the pre-emption rights to acquire the Newly Issued Shares of the Company for the existing shareholders as the result of the intention to publicly offer the Newly Issued Shares according to the procedure established in the Law on Securities.
3. Approval of the Articles of Association of the Company; authorization of the Head of the Company
3.1. Referring to the increase of the authorised capital of the Company and the changed wording of the Law on Companies of the Republic of Lithuania, to approve the new wording of the Articles of Association of the Company (the complete text of the amended Articles of Association is attached as an Annex No 1).
3.2. If not all the Newly Issued Shares are subscribed for within the term for subscription of the shares and the Board of the Company decides to consider the increase of the authorised capital of the Company as effective, the Board of the Company shall make respective amendments in the Articles of Association concerning the amount of the authorised capital and the number of shares.
3.3. To authorize the Company's General Manager or other person authorized by him to sign and submit for registration the new wording of the Articles of Association, to draft, sign and submit to the Register of Legal Persons and/or a notary bureau and/or other organisations and institutions all and any other necessary documents required for the increase of the Company's authorised capital and to perform any other actions in relation with this assignment.
4. Authorisation to the Board to determine the final conditions of the public offer of the Company's shares
To authorise the Board to determine the final conditions of the public offer of the Company's shares (Offer Shares), including, without limitation, the final issue price (sale price) of the Offer Shares, as well as the final number of the New Shares to be issued.
5. Admission to listing and trading of the new shares of the Company on the regulated markets and authorization of the Board to take corresponding actions
To initiate the admission to listing and trading of Newly Issued Shares of the Company on the regulated markets of Warsaw Stock Exchange AB Nasdaq Vilnius and authorize the Board of the Company to perform any corresponding actions in relation to the issue.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders.
Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at AUGA group, AB, at the address Konstitucijos ave. 21C, Vilnius, or on the Company's website at www.auga.lt.
Attached:
1. General voting ballot;
2. Draft Articles of Association;
3. Board's notification.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 06.03.2018 19:46
AUGA GROUP AB (132/2018) Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 March 2018
06.03.2018 19:46AUGA GROUP AB (132/2018) Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 March 2018
Podstawa prawna: On the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos ave. 21C, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 28 March 2018, at 9.00 a.m.
The meeting will be held in the conference room at the business centrum QUADRUM NORTH, address Konstitucijos ave. 21C, Vilnius.
The registration of the shareholders begins at 8.30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 23 March 2018.
Agenda of the Meeting:
1. Increase of the authorized capital of the Company.
2. Revocation of the pre-emption rights to acquire the newly issued shares of the Company for the existing shareholders.
3. Approval of the Articles of Association of the Company; authorization of the Head of the Company.
4. Authorisation to the Board to determine the final conditions of the public offer of the Company's shares.
5. Admission to listing and trading of the shares of the Company on the regulated markets and authorization of the Board to take corresponding actions.
The draft decisions of the General Meeting of Shareholders:
1. Increase of the authorized capital of the Company
1.1. To increase the Company's authorized capital by EUR 11 600 000 by additional contributions from EUR 54 350 713,08 to EUR 65 950 713,08 by issuing new ordinary registered shares of the Company.
1.2. Company's authorized capital is increased by issuing up to 40,000,000 new ordinary registered shares of nominal value EUR 0.29 each (hereinafter referred to as Newly Issued Shares / Offer Shares). As per formal requirements of the applicable laws the minimum issue price of each Newly Issued Share shall therefore be deemed to be equal to EUR 0.29 each. The Company will decide the actual offering price after gauging investor interest and other related factors.
1.3. When not all the Newly Issued Shares are subscribed for within the period intended for share subscription, the authorized capital of the Company may be increased by the amount of nominal values of the shares subscribed for. In this case the Board shall be authorised to decide whether the increase of the authorized capital of the Company upon signing of not all the Newly Issued Shares should be deemed effected and (if so) the authorised capital of the Company must be increased by the amount of nominal values of the shares subscribed for.
1.4. To delegate to the Board of the Company to determine the final issue price of the Newly Issued Shares, define the detailed conditions and procedure for the subscription, payment and placement of the Offer Shares. The Board of the Company is commissioned and authorised to draft, approve a prospectus for the public offering of the Offer Shares and admission of all the shares of the Company to trading on regulated markets (Warsaw Stock Exchange and AB Nasdaq Vilnius) and to submit the prospectus to the Bank of Lithuania for approval in compliance with this decision and applicable legislation.
2. Revocation of the pre-emption rights to acquire the newly issued shares of the Company for the existing shareholders
Referring to the Board's notice, to revoke the pre-emption rights to acquire the Newly Issued Shares of the Company for the existing shareholders as the result of the intention to publicly offer the Newly Issued Shares according to the procedure established in the Law on Securities.
3. Approval of the Articles of Association of the Company; authorization of the Head of the Company
3.1. Referring to the increase of the authorised capital of the Company and the changed wording of the Law on Companies of the Republic of Lithuania, to approve the new wording of the Articles of Association of the Company (the complete text of the amended Articles of Association is attached as an Annex No 1).
3.2. If not all the Newly Issued Shares are subscribed for within the term for subscription of the shares and the Board of the Company decides to consider the increase of the authorised capital of the Company as effective, the Board of the Company shall make respective amendments in the Articles of Association concerning the amount of the authorised capital and the number of shares.
3.3. To authorize the Company's General Manager or other person authorized by him to sign and submit for registration the new wording of the Articles of Association, to draft, sign and submit to the Register of Legal Persons and/or a notary bureau and/or other organisations and institutions all and any other necessary documents required for the increase of the Company's authorised capital and to perform any other actions in relation with this assignment.
4. Authorisation to the Board to determine the final conditions of the public offer of the Company's shares
To authorise the Board to determine the final conditions of the public offer of the Company's shares (Offer Shares), including, without limitation, the final issue price (sale price) of the Offer Shares, as well as the final number of the New Shares to be issued.
5. Admission to listing and trading of the new shares of the Company on the regulated markets and authorization of the Board to take corresponding actions
To initiate the admission to listing and trading of Newly Issued Shares of the Company on the regulated markets of Warsaw Stock Exchange AB Nasdaq Vilnius and authorize the Board of the Company to perform any corresponding actions in relation to the issue.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at AUGA group, AB, at the address Konstitucijos ave. 21C, Vilnius, or on the Company's website at www.auga.lt.
Attached:
1. General voting ballot;
2. Draft Articles of Association;
3. Board's notification
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 28.02.2018 21:15
AUGA GROUP AB Raport okresowy półroczny za 2017 PS
28.02.2018 21:15AUGA GROUP AB Raport okresowy półroczny za 2017 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2017 półrocze / półrocze / 2017 półrocze / Revenues 48,784 39,630 Operating profit 6,566 3,890 Profit for the period 4,741 2,145 Total comprehensive income attributable to equity holders 9,272 3,136 Net cash generated from operating activities 4,083 803 Net cash used in investing activities (11,199) 1,430 Net cash generated from financing activities 6,090 (4,654) Total assets 151,110 122,090 Total equity 81,691 72,238 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 26.02.2018 19:36
AUGA GROUP AB (131/2018) AUGA group, AB has successfully completed acquisition of UAB Raseinių agra shares
26.02.2018 19:36AUGA GROUP AB (131/2018) AUGA group, AB has successfully completed acquisition of UAB Raseinių agra shares
AUGA group, AB completed the purchase of 100% share of UAB Raseinių agra for EUR 2.4 million.
Share sale and purchase agreement was signed on 10 November 2017, as per released notification on material event.
UAB Raseinių agra was established in October 2017 as a result of spin-off procedure from UAB Agra Corporation, shareholders of which decided to withdraw from agricultural business and to focus in the area of investment property management.
"This acquisition will enable us to increase the volume of organic production for end consumers in the future. By 2019, we plan to finalize the organic certification of all the land rented by Raseinių agra," says Linas Bulzgys, CEO of AUGA group, AB.
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 09.02.2018 18:32
AUGA GROUP AB (130/2018) Subsidiary of AUGA group, AB sells shares of OOO Karakash Agro
09.02.2018 18:32AUGA GROUP AB (130/2018) Subsidiary of AUGA group, AB sells shares of OOO Karakash Agro
100% of shares in OOO Karakash Agro were sold for EUR 0.50 million. In addition, during the next three years the acquirer will pay EUR 2.58 million for the transfer of receivables from OOO Karakash Agro and 15% annual interest on deferred payments, which can reach EUR 0.78 million.
OOO Karakash Agro became part of AUGA group, AB in 2014 when the Company (then called AB Agrowill group) increased its share capital and part of its newly issued shares (14 151 252 shares of total nominal value EUR 4.10 million) were paid with 100% of shares of OOO Karakash Agro controlling company. In the middle of 2014, after the introduction of international sanctions to Crimea the Company was not able to implement its initial business plan of growing organic vegetables and grain in Crimea and exporting them to the EU markets. At the end of 2014, considering the uncertainty of the situation in Crimea peninsula, the Company impaired investment value to OOO Karakash Agro controlling company to EUR 0 and OOO Karakash Agro assets accounted in group financial statements were impaired to EUR 0.29 million.
During the last years OOO Karakash Agro was growing various crops and selling them in local market. On the bases of long term lease agreements, OOO Karakash Agro cultivates approx. 10 thous. ha of arable land in Crimea peninsula. Based on unaudited financial statements of 30 September 2017, value of OOO Karakash Agro assets was EUR 2.79 million and liabilities to third parties (excluding related companies) - EUR 1.16 million. For the 9 months of 2017, unaudited net income of OOO Karakash Agro was EUR 0.72 million.
Without a possibility to integrate OOO Karakash Agro into AUGA group, AB business model of organic food production, it was decided to sell this asset.
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 23.01.2018 08:29
Auga chce wyemitować akcje o wartości do 20 mln euro, by sfinansować akwizycje i rozwój
23.01.2018 08:29Auga chce wyemitować akcje o wartości do 20 mln euro, by sfinansować akwizycje i rozwój
Auga chce przeprowadzić ofertę do końca pierwszej połowy 2018 roku. Doradcą finansowym spółki została estońska spółka AS LHV Pank.
O podwyższeniu kapitału zadecydują akcjonariusze.
W oddzielnym komunikacie Auga poinformowała o podpisaniu umowy kupna 100 proc. akcji UAB Arginta Engineering za 6,4 mln euro. Przejmowana spółka zajmuje się projektowaniem i produkcją konstrukcji metalowych, 98 proc. jej sprzedaży stanowi eksport. W 2017 roku jej przychody wyniosły 12,5 mln euro, a EBITDA 0,7 mln euro. Dług netto na koniec 2017 roku wynosił 0,7 mln euro.
Kestutis Juscius, przewodniczący rady grupy Auga, ocenił, że produkcja żywności wymaga efektywnych rozwiązań technologicznych.
"Uważamy, że Arginta Engineering jest jedną z najbardziej zaawansowanych technologicznie firm na Litwie. Dzięki jej przejęciu i połączeniu działalności obu firm możliwe będzie wzmocnienie kompetencji grupy Auga w sektorze technologii" - powiedział, cytowany w komunikacie, Kestutis Juscius.
Spółka podała, że od 2014 roku zainwestowała w rozwój nowoczesnego rolnictwa ponad 15 mln euro. W przyszłości chce zajmować się nie tylko rolnictwem ekologicznym, ale także rozwojem i dostarczaniem rozwiązań technologicznych dla łańcucha dostaw żywności organicznej. (PAP Biznes)
pel/ asa/
- 23.01.2018 08:02
AUGA GROUP AB (129/2018) AUGA group, AB seeks to raise up to EUR 20 million of additional equity funding through a public offering by the middle of 2018
23.01.2018 08:02AUGA GROUP AB (129/2018) AUGA group, AB seeks to raise up to EUR 20 million of additional equity funding through a public offering by the middle of 2018
On January 22, 2018, AUGA group's, AB (the Company) Management Board decided to initiate the process of raising additional capital through a follow-on public offering of the Company‘s shares.
It is targeted to raise up to EUR 20 million of additional equity funding, which would be used to finance ongoing acquisitions and to invest in further business development. In parallel, the process is also aimed at increasing the liquidity and free float of the Company, making it more investible for both retail and institutional investors alike.
"During the last few years, AUGA group has consistently executed its strategic plans, signed several successful acquisition deals and demonstrated improving business results. Both the acquisition of UAB KTG Agrar and UAB Raseiniu Agra will provide the opportunities to meet the increasing demand of organic markets and to expand the production of organic products for end consumers. The acquisition of UAB Arginta Engineering, announced today, is another strategic direction for business development of AUGA group" - states Kestutis Juscius, Chairman of the Board of AUGA group.
The Company has chosen AS LHV Pank (the Advisor), registered in Estonia, to be the financial advisor and will seek to publicly offer the new emission of the Company's shares by the end of the first half of 2018.
After the Advisor provides its recommendation for the implementation of the share emission process, and the Management Board for the Company decides accordingly, the General Meeting of Shareholders will convene to decide on the increase of the share capital of the Company, through the new emission of the Company's shares.
Background: AUGA group is one of the biggest vertically integrated organic food producers in Europe. Since 2014 the Company‘s largest shareholder (presently 88.13%) has been UAB "Baltic Champs Group" and it has been facilitating major changes in the enterprise. AUGA group aims to apply the latest scientific knowledge to improve all production processes in sustainable organic farming. The Company‘s final packaged products can be found on the supermarket shelves in the Baltics while export sales are also made to Scandinavia and beyond. The goal is to produce affordable organic food in the most sustainable way. More information can be found at www.auga.lt.
More information:
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 23.01.2018 07:37
AUGA GROUP AB (128/2018) AUGA group, AB acquires shares of UAB Arginta Engineering
23.01.2018 07:37AUGA GROUP AB (128/2018) AUGA group, AB acquires shares of UAB Arginta Engineering
On January 22, 2018 AUGA group, AB signed the share sale and purchase agreement to acquire 100% share capital of UAB Arginta Engineering for EUR 6.4 million.
UAB Arginta Engineering specializes in the design and production of customized metal constructions: prototype equipment, transformer components, conveyer and lifting equipment, machinery for paper processing, energy production, agriculture and other industries. The company's main customers are multinational engineering companies abroad; 98% of its production is exported.
The revenue of UAB Arginta Engineering was EUR 12.5 million and EBITDA was EUR 0.7 million, according to the 2017 unaudited financial statement. Net financial debt was EUR 0.7 million on December 31, 2017. The company employs 170 people.
"Due to the expansion of AUGA group, AB activities and the growth of organic food markets, we anticipate further demand for technologies and effective solutions for sustainable food production. We consider Arginta Engineering to be one of the most advanced engineering companies in Lithuania. By acquiring its shares and combining the activities of both companies, we see a great opportunity to strengthen AUGA group's competencies in this technology sector", - states Kestutis Juscius, Chairman of the Board of AUGA group, in regard to the motives of the acquisition.
According to K. Juscius, the acquired production base, know-how, experience and team of professionals will allow AUGA group, AB to develop innovative equipment, machinery and unique technological solutions for a clean and sustainable food supply chain.
Gintautas Kvietkauskas, co-owner and director of UAB Arginta Group, parent company of UAB Arginta Engineering, admitted that in making the decision to sell the company, one of the main conditions for the acquiring party, was to ensure the continuity of company's main business. "After becoming a part of AUGA group, Arginta Engineering will not change its strategic business direction and will continue to work with big international customers, providing them with complex, non-standard engineering design and production services. In addition, its scope of operations will expand with the projects being developed by AUGA group. By selling shares of Arginta Engineering to AUGA group, we are certain of the synergy of operations and sustainability of value, created by both companies", - states G. Kvietkauskas.
Since 2014, AUGA group, AB has already invested more than EUR 15 million into the development of organic farming and organic food production. The group is currently one of the largest, vertically-integrated organic food companies in Europe. AUGA group, AB is developing a sustainable farming model, based on new technologies, specializing in crops, dairy cows, poultry and mushroom farming. Using proprietary and contract manufacturing, the company produces a wide range of organic food products for the end consumer as well as organic commodities.
In the future, AUGA group, AB seeks to operate not only in organic farming and the organic food production business, but also to develop and provide technological solutions for organic and sustainable food supply chain.
The acquisition should close upon receiving the necessary approval from the Competition Council of the Republic of Lithuania.
More information:
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 11.01.2018 16:46
AUGA GROUP AB (127/2018) Dates of periodic information disclosure of AUGA Group, AB for the year 2018 (investor calendar)
11.01.2018 16:46AUGA GROUP AB (127/2018) Dates of periodic information disclosure of AUGA Group, AB for the year 2018 (investor calendar)
Seeking to introduce the investors with the latest information on the Company's results, the Company has decided to prepare and release interim financial information for 3, 9 and 12 months, as it was done previous periods and informs that the results of the Company for the year 2018 will be announced as follows:
28 February, 2018 Consolidated unaudited intermediate set of financial statements for twelve months of 2017
30 April, 2018 Consolidated annual report for the year 2017 (auditor-evaluated) and consolidated, auditor-evaluated set of Financial Statements for the year 2017;
31 May, 2018 Consolidated intermediate set of financial statements for three months of 2018;
31 August, 2018 Consolidated intermediate set of financial statements for six months of 2018 and interim consolidated report for the six months of 2018;
30 November, 2018 Consolidated intermediate set of financial statements for nine months of 2018.
Linas Bulzgys
General director;
+370 5 233 53 40
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 12.12.2017 17:53
AUGA GROUP AB (126/2017) AUGA group extends assortment - organic chicken, flour and oil are introduced to market
12.12.2017 17:53AUGA GROUP AB (126/2017) AUGA group extends assortment - organic chicken, flour and oil are introduced to market
AUGA group currently producing organic fresh and preserved vegetables, mushrooms and soups introduces new AUGA branded organic products to market: chicken, whole grain wheat, rye and spelt flour, and cold pressed rapeseed oil.
New in Lithuania - modern organic chicken farm
"Due to high level of protein in poultry the demand of this meat is growing rapidly in Europe, as well as organic chicken. Growing chicken organically no antibiotics or growth hormones are used, and other strict requirements for organic production are observed. We can see there is organic chicken demand in Lithuania, although only few farmers are currently able to provide it, and there is no certified organic chicken in supermarkets at all.
Seeing this niche on the market and having the conditions to grow organic chicken on our certified organic land and to provide them with our own organic feed we produced the first test batch of organic chicken this year in spring. The test project was successful, so we can now offer organic chicken to the market", - says Gediminas Judzentas, Director Marketing of AUGA group.
According to him, the first organic chicken farm in Lithuania constructed by AUGA group, raises broilers in two modern coups in a natural way without using any chemical substances. Chickens are fed with only organic feed. They have access to outside and enough space to move around, as required by the European organic regulations, and are raised for almost twice longer than conventional broilers. The coups are equipped with gradual lighting system which imitates sunrise and sunset, the recuperation system which provides fresh air and automatic electronic scales which constantly monitor the weight of birds. To ensure sustainable operations, all energy for the coups is generated only from renewable sources - the nearby solar power plant and the wind power plant.
New grain products
Together with organic chicken, AUGA assortment is also extended with organic cold pressed rapeseed kernel oil which is produced from the rapeseed grown in AUGA fields without pesticides and chemical fertilizers. Different from other rapeseed oils on the market this oil is produced only from rapeseed kernels in order to ensure nutritional value and higher temperature resistance for cooking.
"Another news from AUGA - organic whole grain wheat, rye and spelt flour, produced from the grain grown in our certified organic farms in sustainable way without using chemicals. We prepare our own seeds, selecting the grain sorts with more proteins and fibers, in order the products cooked from this flour are nutritious and more beneficial for health", - Mr. G.Judzentas lists the benefits of new AUGA products.
New organic AUGA products are already available in the retail chain MAXIMA shops.
About AUGA group
AUGA group is one of the largest vertically-integrated organic food companies in Europe. The group of companies manages approx. 33,000 ha of organically certified arable land and develops sustainable farming model, based on new technologies, specializing in crops, dairy cows, chicken and mushroom growing. Using proprietary and contracted manufacturing, the company produces a wide range of organic food products for the end consumer as well as organic commodities. The group of companies employ over 1,200 people. AUGA group is listed on the Vilnius and Warsaw stock exchanges.
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 30.11.2017 17:36
AUGA GROUP AB Raport okresowy półroczny za 2017 PS
30.11.2017 17:36AUGA GROUP AB Raport okresowy półroczny za 2017 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2017 półrocze / półrocze / 2017 półrocze /2016 I. Revenues 36,585 28,070 II. Operating profit 8,392 2,308 Profit for the period 7,338 784 Total comprehensive income attributable to equity holders 7,338 784 Net cash generated from operating activities 2,996 2,585 Net cash used in investing activities (9,452) (5,270) Net cash generated from financial activities 5,131 (749) Total assets 151,539 122,090 Total equity 79,534 72,238 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 20.11.2017 16:04
AUGA GROUP AB (125/2017) AUGA group, AB meets with the Investors Association
20.11.2017 16:04AUGA GROUP AB (125/2017) AUGA group, AB meets with the Investors Association
Podstawa prawna: On November 17, 2017 the management of AUGA Group, AB met with members of Investors Association in Lithuania. The attached presentation was delivered during the meeting.
More information:
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 10.11.2017 18:43
Litewska Auga group w wyniku akwizycji zwiększy obszar upraw o 5,2 tys. ha
10.11.2017 18:43Litewska Auga group w wyniku akwizycji zwiększy obszar upraw o 5,2 tys. ha
UAB Raseiniu Agra powstała w październiku w wyniku procedury podziału UAB Agra Corporation, której udziałowcy zdecydowali się wycofać z działalności rolniczej i skoncentrować się na zarządzaniu nieruchomościami inwestycyjnymi.
UAB Raseiniu Agra nie jest właścicielem gruntów rolnych. Ma podpisane długoterminowe umowy dzierżawy.
Po wydzieleniu UAB Raseiniu Agra będzie uprawiać 5,2 tys. ha ziemi.
"Ta akwizycja pozwoli nam zwiększyć produkcję ekologiczną dla użytkowników końcowych w przyszłości. Do 2019 r. Planujemy sfinalizować certyfikację ekologiczną wszystkich gruntów dzierżawionych przez Raseiniu Agra" - poinformował cytowany w komunikacie Linas Bulzgys, dyrektor generalny grupy Auga.
Akwizycja ma pomóc grupie Auga osiągnąć strategiczny cel, jakim jest dostarczanie ekologicznych produktów żywnościowych po przystępnej cenie konsumentom na Litwie i w Europie.
"Większość gruntów uprawnych dzierżawionych przez przejętą spółkę znajduje się w pobliżu naszych obszarów rolnictwa ekologicznego w regionach Raseiniai i Jurbarkas, dzięki czemu będziemy mogli sprawnie zintegrować tę nową firmę z grupą Auga (...)" - poinformował Bulzgys.
Przejęcie zostanie sfinalizowane po uzyskaniu zgody litewskich organów ochrony konkurencji. (PAP Biznes)
morb/ asa/
- 10.11.2017 17:13
AUGA GROUP AB (124/2017) AUGA group, AB acquires shares of UAB Raseinių Agra
10.11.2017 17:13AUGA GROUP AB (124/2017) AUGA group, AB acquires shares of UAB Raseinių Agra
Today AUGA group, AB signed share sale and purchase agreement to acquire 100% share capital of UAB Raseinių Agra for EUR 2.5 million. After the deal is completed, the area cultivated organically by AUGA group companies will increase by 5.2 thousand hectares of rented land.
UAB Raseinių Agra was established in October as a result of spin-off procedure from UAB Agra Corporation, shareholders of which decided to withdraw from agricultural business and to concentrate in the area of investment property management. All assets related to the agricultural business (buildings, machinery and equipment), working capital, EUR 3.9 million of financial liabilities, land lease contracts were transferred to the newly established company, also land under UAB Agra Corporation ownership were rented to UAB Raseinių Agra on the long-term lease agreements. UAB Raseinių Agra does not own any agricultural land.
After the spin-off UAB Raseinių Agra will cultivates 5.2 thousand hectares of rented land. Before reorganization UAB Agra Corporation group companies cultivated this land with annual production of around 25 thousand tons of various grains.
"This acquisition will enable us to increase the volume of organic production for end users in the future. By 2019, we plan to finalize the organic certification of all the land rented by Raseinių Agra," says Linas Bulzgys, CEO of AUGA group.
According to him, this acquisition will help AUGA group to reach its strategic goal of providing organic food products at affordable price to consumers in Lithuania, Europe and other regions, effectively utilizing production methods and controlling processes from field to shelf.
"This acquisition will increase our resources for production and will allow us to use the production and human resources of both companies even more efficiently. Most of the cultivated land used by the acquired company is close to our organic farming areas in Raseiniai and Jurbarkas regions, thus we will be able to efficiently integrate this new company into AUGA group, including all of its currently employed 33 people. After strengthening our production base, we will be in a very solid position to meet increasing demands for organic products both locally and internationally," adds L. Bulzgys.
The acquisition should close upon receiving the necessary approval from the Competition Council of the Republic of Lithuania.
More information:
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 06.11.2017 20:44
AUGA GROUP AB (123/2017) Decisions of extraordinary shareholders meeting of AUGA group, AB which took place 6 November 2017
06.11.2017 20:44AUGA GROUP AB (123/2017) Decisions of extraordinary shareholders meeting of AUGA group, AB which took place 6 November 2017
Decisions of the extraordinary shareholders meeting of AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) which took place on April 28, 2017:
1. Application of the Company's share premium to cover losses
Decision:
Taking into account the Company‘s unaudited consolidated financial statements for six months' period of year 2017, which ended on 30 June 2017, to apply part of the Company‘s share premium, i.e. EUR 7,152,033.82, to cover losses of the Company.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group, AB, Konstitucijos ave.21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
General Manager
Linas Bulzgys
+370 5 233 5340
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 31.10.2017 18:30
GPW: Komunikat - AUGA GROUP
31.10.2017 18:30GPW: Komunikat - AUGA GROUP
Giełda Papierów Wartościowych w Warszawie S.A. informuje, że w związku ze zmianą firmy spółki AGROWILL GROUP, AB (LT0000127466) na AUGA GROUP, AB począwszy od dnia 3 listopada 2017 roku akcje spółki będą notowane pod nazwą skróconą „AUGA” i oznaczeniem „AUG”.
kom mra
- 13.10.2017 19:12
AUGA GROUP AB (122/2017) Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 06 November 2017
13.10.2017 19:12AUGA GROUP AB (122/2017) Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 06 November 2017
Podstawa prawna: On the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos ave. 21C, Vilnius, hereinafter - the Company) the extraordinary general meeting of shareholders of the Company is being convened on 06 November 2017, at 9.30 a.m.
The meeting will be held in the conference room at the business centrum QUADRUM NORTH, address Konstitucijos ave. 21C, Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 30 October 2017.
Agenda of the Meeting:
Application of the Company's share premium to cover losses
Draft decisions of the extraordinary General Meeting of Shareholders of the Company which will take place on 06 November 2017
Taking into account the Company‘s unaudited consolidated financial statements for six months period of year 2017, which ended on 30 June 2017, to apply part of the Company‘s share premium, i.e. EUR 7,152,033.82, to cover losses of the Company.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at AUGA group, AB, at the address Konstitucijos ave. 21C, Vilnius, or on the Company's website at www.auga.lt.
Attached:
General voting ballot.
General Manager
Linas Bulzgys
+370 5 233 5340
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- 09.10.2017 08:59
AUGA GROUP AB (121/2017) Regarding the decision of the Supervision Service of the Bank of Lithuania
09.10.2017 08:59AUGA GROUP AB (121/2017) Regarding the decision of the Supervision Service of the Bank of Lithuania
Under the Decision No. 241-59 of 3 April 2017 of the Supervision Service of the Bank of Lithuania (herein - Decision) AUGA group, AB, was obliged to ensure that no later than before 1 October 2017 the fair value of 100% block of shares of UAB eTime Invest (herein - Assets), which was used as the payment for a part of the authorised capital of AUGA group, AB, is re-evaluated. Should it be established that the shares of AUGA group, AB, are not fully paid up, to ensure that this situation is rectified retrospectively according to the requirements of the law.
In order to perform the instructions provided in the Decision, the Company ordered evaluation of the Assets. Company received Assets valuation report from UAB "Newsec Valuations" 2017.10.02, whereunder the true / market value of the Assets on the date of their acquisition (15.04.2017) is 16,900,000 litas. Given that the value of the Assets under the latter evaluation is not less than the value of 12.03.2014 valuation report of UAB "Oberhaus Nekilnojamasis turtas", on the basis of which part of the Company‘s authorised capital was paid up in 15.04.2014 (value of the Assets under Oberhaus valuation - 16,700,000 litas), it is deemed that the shares of teh Company are duly and fully paid up in accordance with the requirements of the applicable laws.
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- 31.08.2017 16:43
AUGA GROUP AB Raport okresowy półroczny za 2017 PS
31.08.2017 16:43AUGA GROUP AB Raport okresowy półroczny za 2017 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2017 półrocze / półrocze / 2017 półrocze / Revenues 22,835 18,068 Operating profit 1,024 1,766 Profit for the period 487 1,003 Total comprehensive income atributable to equity holders 487 1,003 Net cash generated from operating activities 6,461 1,401 Net cash used in investing activities (6,883) (4,226) Net cash generated from financial activities (920) 826 Total assets 133,704 122,090 Total equity 72,653 72,238 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 11.08.2017 17:19
AUGA GROUP AB (120/2017) AUGA group, AB has signed a Market Maker Agreement with UAB FMĮ "Orion Securities"
11.08.2017 17:19AUGA GROUP AB (120/2017) AUGA group, AB has signed a Market Maker Agreement with UAB FMĮ "Orion Securities"
AUGA group, AB (further - Company) has signed the Market Maker Agreement with UAB FMĮ "Orion Securities", which has undertaken to act as market maker for the Company‘s shares to increase their liquidity.
Under the Market Maker Agreement, UAB FMĮ "Orion Securities" will provide liquidity on both bid and ask sides around the Company, increasing market depth in this way.
The service will commence from 14 August 2017.
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- 08.06.2017 16:22
AUGA GROUP AB (119/2017) Regarding the Decision by the Supervision Service of the Bank of Lithuania
08.06.2017 16:22AUGA GROUP AB (119/2017) Regarding the Decision by the Supervision Service of the Bank of Lithuania
AUGA group, AB (further - Company) received Decision No. 241-104 (further - Ruling) of the Supervision Service of the Bank of Lithuania dated 2017 June 5, which obliges the Company to publish the following notification about the Ruling:
1. The Ruling was issued to the Company warning of violation of Article 22 of the Law on Securities of the Republic of Lithuania (the law's wording applicable until 2015 December 4). Based on the evaluation by the Supervision Service of the Bank of Lithuania:
(a) the 9 month interim financial statements of the Company for 2015 do not comply with the requirements of IAS 40 "Investment Property" and IFRS 13 "Fair Value Measurement",
(b) the Company failed to properly substantiate the fair value of the Group's investment property totaling EUR 17.917 million as of 2015 September 30; therefore, it is not possible to indicate the precise impact on the Company's financial standing and financial results. However, if the fair value of the Company's investment property as of 2015 September 30, which was not properly substantiated by the Company, was defined differently than as indicated by the Company, the value of the Group's investment property would be different from the value stated in the financial statements as of 2015 September 30. Accordingly, the net financial results and (or) Net Equity would be affected.
2. Based on this Ruling, the Supervision Service of the Bank of Lithuania obligates the Company to retrospectively make corrective adjustments according to the requirements of IAS 40 "Investment Property" and IFRS 13 "Fair Value Measurement" when preparing its interim Financial Statements for the first 6 months of 2017: value of investments must be properly identified and justified according to the definition of fair value specified in the mentioned standards. In the case that the value of investment property as of 2015 September 30 is defined as being different than specified in the interim Financial Statements for the first 9 months of 2015, the Company must retrospectively correct its Financial Statements no later than October 2.
3. Specify the date on which the Financial Statements shall be retrospectively revised, assessed and announced publicly.
Company position
The Company is making public this material event in accordance with the instructions, legal requirements and deadlines issued by the Supervision Service of the Bank of Lithuania, but, at this moment, cannot specify the date, as required by the Ruling, on which the Financial Statements shall be corrected retrospectively, evaluated and made public, because the Ruling provides contradictory instructions and it is not currently possible to state when, how and whether they can be met:
(i) regarding the requirement to retrospectively correct the Financial Statements for the first 6 months of 2017: these financial reports have not yet been prepared, as the accounting reporting period has not yet concluded. The requirement to adjust the reports to include investment property, of which a significant amount has subsequently been transferred to third parties - for this reason it is no longer possible or should be accounted in the Company's Financial Statements;
(ii) In the Company's understanding, the Ruling was based on the average price of all real estate transactions in the State Registry Centre database focused on agricultural land that meets a certain range of sample values, periods and plot sizes, disregarding all the differences in valuated and comparable object characteristics that are required of the Company. The Company, having opted to select comparative evaluation data for its lots, as much as was possible, took into account the different characteristics of valuated and comparable objects and their impact on the valued lots and their values.
(iii) In the opinion of the Company, it believes that it correctly valued and reflected the Company's investment property in its interim Financial Statements for the first 9 months of 2015; this could, presumably, be confirmed by the fact that at the end of 2015, the major portion of the afore-mentioned investment property was transferred to the investment fund "Fixed Yield Investment Fund" for a price essentially in line with the values disclosed in the Company's Financial Statements for the first 9 months of 2015 (at the end of 2016, the investment units of this fund were sold to third parties, as a result of which these assets are not represented in the Financial Statements for 2017).
The Company is currently analyzing the arguments and requirements as stated in the Ruling, and evaluating if, how, and when it would be possible to satisfy them, in what manner and in which extent an additional property evaluation is possible according to the aspects named in Ruling. The Company, if necessary, shall provide a separate announcement about the decisions it shall take.
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- 31.05.2017 17:59
AUGA GROUP AB (118/2017) Interim information AUGA group, AB for the 3 months period ended 31 March 2017
31.05.2017 17:59AUGA GROUP AB (118/2017) Interim information AUGA group, AB for the 3 months period ended 31 March 2017
Podstawa prawna: AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) provides the Interim unaudited financial information for the three months ended 31 March 2017 and confirmation of the responsible persons.
Management comment:
AUGA group, AB revenues for 3 months of 2017 was EUR 12,11 million and increased 35% compared to the same period of 2016, when it was EUR 8,92 million. Gross profit for 3 months of 2017 was EUR 2,17 million (3 months of 2016 - EUR 2,14 million).
In 31 January 2017 AUGA group, AB successfully acquired KTG AGRAR SE subsidiary companies, operating in Lithuania. Due to increase in scale of operations and number of employees operational expenditures for 3 months of 2017 was EUR 1,93 million (3 months of 2016 - EUR 1,33 million). Consulting and other expenses associated with this acquisition also increased operational expenditures.
Increase in operational expenditures resulted in weaker Group profitability for 3 months of 2017 compared to 2016. Group EBITDA for 3 months of 2017 was EUR 1,81 million (3 months of 2016 - EUR 2,15 million), net income EUR 17 thousand (3 months of 2016 - EUR 0,55 million).
Attached:
1.Consolidated unaudited interim financial statements for the three months ended 31 March 2017.
2.Confirmation of responsible persons.
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- 31.05.2017 17:53
AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 1/2017 QS
31.05.2017 17:53AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 1/2017 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2017 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2016 okres od 2016-01-01 do 2016-03-31 1 kwartał(y) narastająco / 2017 okres od 2017-01-01 do 2017-03-31 Revenues 8,918 12,107 Operating profit 987 289 Profit for the period 550 17 Total comprehensive income attributable to equity holders 583 17 Net cash generated from operating activities (3,801) 479 Net cash used in investing activities (1,003) (2,445) Net cash generated from financing activities 270 739 Total assets 122,090 129,953 Total equity 72,238 72,238 72,238 72,255 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 05.05.2017 16:09
AUGA GROUP AB (117/2017) Bank of Lithuania imposes penalty on the general manager
05.05.2017 16:09AUGA GROUP AB (117/2017) Bank of Lithuania imposes penalty on the general manager
Bank of Lithuania imposed administrative liability and penalty of EUR 150 on the general manager of Auga Group AB for not ensuring that the Company complied with the request of the Bank of Lithuania not later than by 1 March 2017 to re-evaluate 100% of shares of UAB "eTime invest", which was used as the payment for part of the authorised capital of the Company, and, if it would be established that the shares of the Company are not fully paid up, to ensure that this situation is rectified retrospectively according to the requirements of laws.
As have already been stated in the announcement of 7 April 2017 concerning imposition of penalty on the Company for the same reason, even though the Company disagrees with certain aspects of the instructions, it is searching for possibilities to perform the request of the Bank of Lithuania to re-evaluate 100% of shares of UAB "eTime invest" to the extent such compliance is in line with the Company's position on the matter.
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- 28.04.2017 16:11
AUGA GROUP AB (116/2017) AUGA group, AB Annual information for the year 2016
28.04.2017 16:11AUGA GROUP AB (116/2017) AUGA group, AB Annual information for the year 2016
Podstawa prawna: AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) ordinary shareholders meeting, which took place on 28 April 2017, approved consolidated annual financial statements of AUGA group, AB for the year 2016.
Management comment:
Certain financial results indicators under audited financial reports for the year 2016 are better than those under unaudited financial report for the year 2016, which were announced on 28 February 2017, i.e.:
- audited net income of the Company for the year 2016 amounted to EUR 2.1 million (compared to EUR 1.1 million unaudited net income for 2016).
- EBITDA for the twelve months of 2016 was EUR 9.6 million (compared to EUR 9.2 million under unaudited financial statements for 2016);
Improvement in EBITDA and net income resulted mostly due to the reversal of some earlier made provisions and accruing of additional deferred tax asset.
Audited consolidated financial debt amounted to EUR 32 million as at 31 December 2016 and was in line with the announced unaudited financial report for 2016. Audited revenue of AUGA group, AB for the year 2016 amounted to EUR 39.6 million and is almost unchanged from EUR 40.1 unaudited revenue announced on 28 February 2017.
Attached:
1. Consolidated annual financial statements for the year 2016 and consolidated annual report of the Company. Independent Auditor's report.
2. Confirmation of responsible persons.
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- 28.04.2017 16:05
AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2016 RS
28.04.2017 16:05AUGA GROUP AB Raport okresowy roczny skonsolidowany za 2016 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2016 2016 2015 Revenues 39,630 47,425 Operating profit 3,890 8,129 Profit for the period 2,145 5,559 Total comprehensive income attributable to equity holders 1,120 5,618 Net cash generated from operating activities 806 8,059 Net cash used in investing activities 1,430 (2,144) Net cash generated from financing activities (4,654) (2,901) Total assets 122,090 135,266 Total equity 72,238 69,130 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 28.04.2017 15:55
AUGA GROUP AB (115/2017) Decisions of ordinary shareholders meeting of AUGA group, AB which took place on 28 April, 2017
28.04.2017 15:55AUGA GROUP AB (115/2017) Decisions of ordinary shareholders meeting of AUGA group, AB which took place on 28 April, 2017
Podstawa prawna: Decisions of the ordinary shareholders meeting of AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) which took place on April 28, 2017:
1. Consolidated annual report of the Company for the year 2016 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2016.
Decision:
- To approve consolidated annual financial statements for the year 2016.
3. Approval of the profit (loss) appropriation of the Company for the year 2016.
Decision:
- To leave inappropriated the result of the Company for the year 2016 as indicated in the consolidated Financial Statements of the Company for the year 2016.
4. Election of the auditor of the Company.
Decision:
-To elect UAB "PricewaterhouseCoopers" (code 111473315) as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2017 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than 50 000 EUR (fifty thousand euros) (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group, AB, Konstitucijos ave.21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
Attached:
1.Consolidated annual financial statements for the year 2016 and consolidated annual report of the Company. Independent Auditor's report.
2. Confirmation of responsible persons.
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- 27.04.2017 08:59
AUGA GROUP AB (114/2017) Draft decisions of ordinaDraft decisions of ordinary shareholders meeting of AUGA group, AB which will take place on 28 April, 2017 (AMENDED)
27.04.2017 08:59AUGA GROUP AB (114/2017) Draft decisions of ordinaDraft decisions of ordinary shareholders meeting of AUGA group, AB which will take place on 28 April, 2017 (AMENDED)
Podstawa prawna: Draft decisions of the ordinary shareholders meeting of AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) which will take place on April 28, 2017:
1. Consolidated annual report of the Company for the year 2016 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2016.
Draft decision:
- To approve consolidated annual financial statements for the year 2016.
3. Approval of the profit (loss) appropriation of the Company for the year 2016.
Draft decision:
- To leave inappropriated the result of the Company for the year 2016 as indicated in the consolidated Financial Statements of the Company for the year 2016.
4. Election of the auditor of the Company.
Draft decision:
-To elect UAB "PricewaterhouseCoopers" (code 111473315) as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2017 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than 50 000 EUR (fifty thousand euros) (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group, AB, Konstitucijos ave.21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
Attached:
1.Consolidated annual financial statements for the year 2016 and consolidated annual report of the Company. Independent Auditor's report.
2.General voting ballot.
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- 06.04.2017 20:27
AUGA GROUP AB (113/2017) Draft decisions of ordinary shareholders meeting of AUGA group, AB which will take place on 28 April, 2017
06.04.2017 20:27AUGA GROUP AB (113/2017) Draft decisions of ordinary shareholders meeting of AUGA group, AB which will take place on 28 April, 2017
Podstawa prawna: Draft decisions of the ordinary shareholders meeting of AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) which will take place on April 28, 2017:
1. Consolidated annual report of the Company for the year 2016 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2016.
Draft decision:
- To approve consolidated annual financial statements for the year 2016.
3. Approval of the profit (loss) appropriation of the Company for the year 2016.
Draft decision:
- To leave inappropriated the result of the Company for the year 2016 as indicated in the consolidated Financial Statements of the Company for the year 2016.
4. Election of the auditor of the Company.
Draft decision:
-To elect [..........] as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2017 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than [..........] EUR (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
Note:
Consolidated annual financial statements for the year 2016 and consolidated annual report of the Company for the year 2016 will be disclosed later by separate announcement before the Meeting and after the audit will be completed.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group, AB, Konstitucijos ave.21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
Attached:
1.General voting ballot.
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- 06.04.2017 20:20
AUGA GROUP AB (112/2017) Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 April, 2017
06.04.2017 20:20AUGA GROUP AB (112/2017) Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 April, 2017
On the initiative and by the decision of the Board of AUGA group, AB (code 126264360, address Konstitucijos ave. 21C, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 28 April 2017, at 9.30 a.m.
The meeting will be held in the conference room at the business centrum QUADRUM NORTH, address Konstitucijos ave. 21C, Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 21 April, 2017.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2016 and report of the Auditor.
2. Approval of consolidated annual financial statements of the Company for the year 2016.
3. Approval of the profit (loss) appropriation of the Company for the year 2016.
4. Election of the auditor of the Company.
The draft decisions and general ballot will be disclosed by separate notification.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at AUGA group, AB, at the address Konstitucijos ave. 21C, Vilnius, or on the Company's website at www.auga.lt.
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- 28.02.2017 22:34
AUGA GROUP AB (111/2017) AUGA group, AB interim unaudited financial information for 12 months ended 31 December 2016
28.02.2017 22:34AUGA GROUP AB (111/2017) AUGA group, AB interim unaudited financial information for 12 months ended 31 December 2016
Podstawa prawna: AUGA group, AB provides the interim unaudited financial information for the 12 months ended 31 December 2016 and confirmation of the responsible persons (attached).
The total unaudited revenue of AUGA group, AB for the twelve months of 2016 was EUR 40.05 million and EUR 47.43 million for the same period in 2015.
The gross profit of the Group was EUR 11.6 million in 2016 comparing to the EUR 10.4 million in 2015. The increase of the gross profit was influenced by a significant raise in milk prices in the second part of the year. It was also influenced by the additional compensating subsidies provided for the milk production during the year.
Unfavourable weather conditions in 2016 and the fact that Company is operating in the second transitional year for the full organic farming certification resulted in reduction of crop growing activity gross profit. During second transitional year Company meets all the criteria and requirements of the organic farming and this affects lower volumes of production in comparison with conventional farming, but production is still not certified as fully organic and production market prices are lower than organic production. The gross profit of the mushroom growing activity and compost production remained almost unchanged.
The operating expenses of the AUGA group, AB were EUR 8.6 million in 2016 comparing to EUR 6.1 million a year ago. The growth of the operating expenses was influenced by increase in payroll costs, one-time inventory write-offs, marketing costs and other costs related to the implementation of the new business model. Also, the operating expenses increased due to legal and financial consultations costs incurred in relation to the acquisition of KTG Agrar subsidiaries.
EBITDA for the twelve months of 2016 was EUR 9.22 million. In 2015 consolidated EBITDA of AUGA group, AB was EUR 10.78 million.
The consolidated financial debt of AUGA group, AB decreased from EUR 46.7 million to EUR 32.0 million in 2016. It was mainly impacted by the selling of the units of the investment fund Fixed Yield Invest Fund (controlled by Synergy Finance) to the dedicated financial investor at the end of the year. It led to the decrease of the Company's long term consolidated property (owned land), which diminished by EUR 24.8 million. At the same time EUR 17.6 million of the Company's liabilities were transferred, EUR 14 .0 million of which were financial liabilities.
Net profit of the Group for the twelve months of 2016 was EUR 1.1 million. AUGA group, AB had a net profit of EUR 5.56 million over the same period of 2015. Net profit in 2015 was mainly influenced due to the revaluation of the owned land and the sale of the investment property, which increased the net profit of year 2015 by EUR 3.3 million.
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- 28.02.2017 22:28
AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 4/2016 QS
28.02.2017 22:28AUGA GROUP AB Raport okresowy kwartalny skonsolidowany 4/2016 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 4 kwartał(y) narastająco / 2016 okres od do kwartał(y) narastająco / okres od do 4 kwartał(y) narastająco / 2016 okres od 2016-01-01 do 2016-12-31 kwartał(y) narastająco / 2015 okres od 2015-01-01 do 2015-12-31 Revenues 40,045 47,425 Operating profit 3,171 8,129 Profit for the period 1,092 5,559 Total comprehensive income attributable to equity holders 1,120 5,618 Net cash generated from operating activities 1,665 8,059 Net cash used in investing activities (3,094) (2,144) Net cash generated from financing activities (989) (2,901) Total assets 119,777 135,266 Total equity 70,271 69,130 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 08.02.2017 15:50
AUGA GROUP AB (124/2017) Information for media: Appointment of new management board of AUGA group
08.02.2017 15:50AUGA GROUP AB (124/2017) Information for media: Appointment of new management board of AUGA group
Podstawa prawna:
On 7th of February, 2017 the Supervisory board of AUGA group appointed new members of the management board.
Marius Žutautas, Vladas Bagavičius and Domantas Savičius, who sold their shares to the controlling shareholder in December 2016, resigned from the management board. Kęstutis Juščius, Linas Bulzgys, Marijus Bakas and Linas Strėlis were reappointed. One new member of the board was appointed - Agnė Jonaitytė, attorney at law, having more than 12 years of experience in mergers and acquisitions, corporate governance, and banking and finance law.
On 7th of February, 2017 the new management board of AUGA group was appointed by the decision of Supervisory board. The following members of the board were reappointed: Kęstutis Juščius, controlling 88.13 percent of AUGA group shares through Baltic Champs Group and other companies, Linas Bulzgys, CEO of the company, Marijus Bakas, head of Širvintos unit of Baltic Champs, and Linas Strėlis, investor and member of AB Umega and AB Vilkyškių Pieninė management boards.
Marius Žutautas, Vladas Bagavičius and Domantas Savičius, who sold their shares to the controlling shareholder in December 2016, resigned from the management board. Domantas Savičius temporarily remains in the position of Chief Financial Officer at the company.
Agnė Jonaitytė, attorney at law, having more than 12 years of experience in mergers and acquisitions, corporate governance, and banking and finance law was appointed as new member of the management board. Before joining the management board of AUGA group A. Jonaitytė was associate partner at law firm Valiunas Ellex, and previously worked in other biggest law firms in Lithuania.
"Joining the management board of AUGA group Agnė will strengthen the team with experience, accumulated while working with major local and international mergers. Her expertise in corporate governance and financial regulations will be of great importance for successful development of our business and management of the company", - claims Kęstutis Juščius, chairman of the management board.
"I would like to thank the previous shareholders and members of the management board for their input in the development of business model of AUGA group. Together we have accomplished a lot and laid the foundation for the future development of our business", - said K. Juščius.
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- 08.02.2017 15:47
AUGA GROUP AB (123/2017) Resolutions of AUGA group, AB, AB with regard election of Chairman of Supervisory Board, election of members of Management Board and Chairman of Management Board
08.02.2017 15:47AUGA GROUP AB (123/2017) Resolutions of AUGA group, AB, AB with regard election of Chairman of Supervisory Board, election of members of Management Board and Chairman of Management Board
Resolution of Supervisory Board of AUGA group, AB with regard to election of Chairman of Supervisory Board:
1. To elect Vladas Lašas as Chairman of Supervisory Board.
Resolution of Supervisory Board of AUGA group, AB, AB with regard to election of members of Management Board:
1. To recall the management Board of the Company in corpore with regard changes of Articles of Association (change number of members of the management Board from 7 to 5)
2. To elect members of the management Board of the Company for the new term of office:
Kęstutis Juščius
Marijus Bakas;
Linas Bulzgys;
Linas Strėlis ;
Agnė Jonaitytė.
Resolution of Management Board of AUGA group, AB, AB with regard Chairman of Management Board:
1. To elect Kęstutis Juščius as Chairman of the Management Board of the Company.
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- 01.02.2017 08:19
AUGA GROUP AB (122/2017) AUGA group, AB has completed acquisition of KTG AGRAR SE subsidiary companies
01.02.2017 08:19AUGA GROUP AB (122/2017) AUGA group, AB has completed acquisition of KTG AGRAR SE subsidiary companies
On 2 December, 2016 AUGA group, AB announced a notification on material event with regard acquisition of shares of KTG AGRAR SE subsidiaries in Lithuania and Germany. AUGA group, AB has informed that transaction will be completed upon receipt of permission of the Competition Council of the Republic of Lithuania to acquire KTG companies. Such permission has been received on 12 January, 2017.
AUGA group, AB informs that acquisition of below listed KTG AGRAR SE subsidiaries is completed:
KTG Agrar UAB;
UAB Agrar Raseiniai;
UAB Agrar Mažeikiai;
UAB PAE Agrar;
UAB Delta Agrar .
fentus 10. GmbH;
norus 26. AG;
LT Holding AG.
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- 31.01.2017 20:30
AUGA GROUP AB (121/2017) Decisions of extraordinary shareholder‘s meeting of AUGA group, AB which took place on 31st January , 2017
31.01.2017 20:30AUGA GROUP AB (121/2017) Decisions of extraordinary shareholder‘s meeting of AUGA group, AB which took place on 31st January , 2017
Podstawa prawna: Decisions of extraordinary shareholder‘s meeting of AUGA group, AB which took place on 31st January , 2017
1. Amendments to the Articles of Association of the Company.
-To decrease the number of the Supervisory Board members of the Company from 5 (five) to 3 (three).
-To decrease the number of the Board members of the Company from 7 (seven) to 5 (five).
-To amend the competence of the Board and procedure on concluding the Company‘s transactions.
-With respect to above taken decisions to amend the Articles of Association of the Company and approve the new wording of the Articles of Association.
2. Election of the Supervisory Board.
2.1. To recall members of the Supervisory Board of the Company with regard changes of Articles of Association (change number of members of the Supervisory Board);
2.2. To elect members of the Supervisory Board of the Company:
(i) Vladas Lašas;
(ii) Rimantas Rudzkis;
(iii) Liudas Navickas.
3. Regarding of the power of attorney.
To authorise (with the power to delegate) the General Manager of the Company to sign the amended wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group AB, Konstitucijos av. 21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
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- 13.01.2017 15:41
AUGA GROUP AB (121/2017) AUGA group, AB has received a permission of the Competition Council of the Republic of Lithuania to execute a concentration and acquire KTG AGRAR SE companies
13.01.2017 15:41AUGA GROUP AB (121/2017) AUGA group, AB has received a permission of the Competition Council of the Republic of Lithuania to execute a concentration and acquire KTG AGRAR SE companies
AUGA group, AB has received a permission of the Competition Council of the Republic of Lithuania to execute a concentration and acquire KTG AGRAR SE companies
On 2 December, 2016 AUGA group, AB announced a notification on material event with regard acquisition of shares of KTG AGRAR SE subsidiaries in Lithuania and Germany. AUGA group, AB has informed that transaction will be completed upon receipt of permission of the Competition Council of the Republic of Lithuania to acquire KTG companies.
On 12 January, 2017 the Competition Council of the Republic of Lithuania adopted a resolution under which the company was given a permission to execute a concentration and acquire 100% shares of KTG AGRAR SE subsidiaries and sole control over companies listed below, according to the notification of concentration:
1. KTG Agrar UAB;
2. UAB Agrar Raseiniai;
3. UAB Agrar Mažeikiai;
4. UAB PAE Agrar;
5. UAB Delta Agrar .
6. fentus 10. GmbH;
7. norus 26. AG;
8. LT Holding AG.
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- 09.01.2017 16:57
AUGA GROUP AB (120/2017) Draft decisions of extraordinary shareholder‘s meeting of AUGA group, AB which will take place on 31st January , 2017
09.01.2017 16:57AUGA GROUP AB (120/2017) Draft decisions of extraordinary shareholder‘s meeting of AUGA group, AB which will take place on 31st January , 2017
Podstawa prawna: Draft decisions of extraordinary shareholder‘s meeting of AUGA group, AB which will take place on 31st January , 2017
1. Amendments to the Articles of Association of the Company.
-To decrease the number of the Supervisory Board members of the Company from 5 (five) to 3 (three).
-To decrease the number of the Board members of the Company from 7 (seven) to 5 (five).
-To amend the competence of the Board and procedures on concluding the Company‘s transactions.
-With respect to above mentioned decisions amend the Articles of Association of the Company and approve the new wording of the Articles of Association.
2. Election of the Supervisory Board.
2.1. To recall members of the Supervisory Board of the Company with regard changes of Articles of Association (change number of members of the Supervisory Board);
2.2. To elect members of the Supervisory Board of the Company:
(i) Vladas Lašas;
(ii) Rimantas Rudzkis;
(iii) Liudas Navickas.
3. Regarding of the power of attorney.
To authorise (with the power to delegate) the General Manager of the Company to sign the amended wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
Attached:
1.Draft of the Articles of Association.
2.General voting ballot .
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of AUGA group AB, Konstitucijos av. 21C, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.auga.lt
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- 09.01.2017 16:53
AUGA GROUP AB (119/2017) Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 31 January, 2017
09.01.2017 16:53AUGA GROUP AB (119/2017) Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 31 January, 2017
On the initiative and by the decision of the Board of AUGA group, AB (company code 126264360, registered address Konstitucijos av.21C, Vilnius, hereinafter - the Company) the extraordinary general meeting of shareholders of the Company is being convened on 31 January 2017, at 9.30 a.m.
The meeting will be held in the conference room AALTO at the business centrum QUADRUM NORTH, address Konstitucijos av.21C, Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 24 January, 2017.
Agenda of the Meeting:
1. Amendments to the Articles of Association of the Company.
2. Election of the Supervisory Board.
3. Regarding of the power of attorney.
The draft decisions and general ballot will be disclosed by separate notification.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.auga.lt.
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- 09.01.2017 16:47
AUGA GROUP AB (119/2017) Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 31 January, 2017
09.01.2017 16:47AUGA GROUP AB (119/2017) Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 31 January, 2017
On the initiative and by the decision of the Board of AUGA group, AB (company code 126264360, registered address Konstitucijos av.21C, Vilnius, hereinafter - the Company) the extraordinary general meeting of shareholders of the Company is being convened on 31 January 2017, at 9.30 a.m.
The meeting will be held in the conference room AALTO at the business centrum QUADRUM NORTH, address Konstitucijos av.21C, Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 24 January, 2017.
Agenda of the Meeting:
1. Amendments to the Articles of Association of the Company.
2. Election of the Supervisory Board.
3. Regarding of the power of attorney.
The draft decisions and general ballot will be disclosed by separate notification.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@auga.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.auga.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.auga.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.auga.lt.
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- 23.12.2016 22:23
AB AGROWILL GROUP (118/2016) Notifications on the acquisition and disposal of voting rights, AUGA group, AB
23.12.2016 22:23AB AGROWILL GROUP (118/2016) Notifications on the acquisition and disposal of voting rights, AUGA group, AB
Podstawa prawna: AUGA group, AB received a notifications on the acquisition and disposal of voting rights:
1. Notification of Baltic Champs Group, UAB, on the acquisition voting rights (notification attached)
2. Notification of Vretola Holdings Limited, on the disposal of voting rights (notification attached);
3. Notification of Volemer Holdings Limited, on the disposal of voting rights(notification attached).
4. Notification of Jurgis Petrošius, on the disposal of voting rights(notification attached)
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- 23.12.2016 22:14
AB AGROWILL GROUP (117/2016) AUGA Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company
23.12.2016 22:14AB AGROWILL GROUP (117/2016) AUGA Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company
Podstawa prawna: AUGA group, AB received notifications on transactions concluded by managers and persons closely associated with the managers of the company (attached).
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- 23.12.2016 22:03
AB AGROWILL GROUP (116/2016) Baltic Champs Group, UAB has acquired shares of AUGA group, AB under the option agreements
23.12.2016 22:03AB AGROWILL GROUP (116/2016) Baltic Champs Group, UAB has acquired shares of AUGA group, AB under the option agreements
AUGA group, AB (hereinafter, the "Company") hereby informs that on 22 and 23 December 2016, Baltic Champs Group, UAB (hereinafter, the "Buyer") has made the relevant payments under the agreements on granting options in the future regarding shares in the Company, dated 2 September 2016 (including latter amendments thereof) and directly and indirectly acquired in total 68,527,924 shares of the Company, which constitute 36.57% of all the shares of the Company and votes, granted thereby in the general meeting of shareholders of the Company.
After the acquisition - Baltic Champs Group, UAB holds in total 88,13 % of all the shares of the Company and votes, granted thereby in the general meeting of shareholders of the Company
The shares of the Company were acquired in the following order:
1. acquiring from Vretola Holdings Limited, registered in the Republic of Cyprus, legal entity code HE270472, 100% of shares in the entity Valgertas UAB, legal entity code 304310540, which holds 27,511,660 shares in the Company;
2. acquiring from UAB Eastern Agro Holdings, registered in the Republic of Lithuania, legal entity code 300125868, 8,728,512 shares of the Company;
3. acquiring from Harberin Enterprises Limited, registered in the Republic of Cyprus, legal entity code HE 268672, 100% of shares in the entity Milguva UAB, legal entity code 304310533, which holds 2,000,000 shares in the Company;
4. acquiring from Volemer Holdings Limited, registered in the Republic of Cyprus, legal entity code HE 268133, 100% of shares in the entity Velmatas UAB, legal entity code 304310565, which holds 28,440,895 shares in the Company;
5. acquiring from Domantas Savičius, Marius Žutautas and Vladas Bagavičius 100% of shares in the entity Senandra UAB, legal entity code 304310558, which holds 1,846,857 shares in the Company.
Price for the shares, acquired from the sellers, indicated in parts 1-3 above, is calculated by multiplying EUR 0.631 by the number of shares of the Company held by a relevant enterprise;
Price for the shares, acquired from the sellers, indicated in parts 4-5 above, is calculated by multiplying EUR 0.588 by the number of shares of the Company held by a relevant enterprise.
The total price for acquired shares is EUR 41,933,335.
The Company further informs that after the Buyer has acquired the shares of the Company, as indicated above, the Shareholders' Agreement, on 15 April 2014 concluded by and between Volemer Holdings Limited, Vretola Holdings Limited, UAB "Eastern Agro Holdings", UAB Sauledra, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius, Domantas Savičius and Baltic Champs Group, UAB regarding management of the Company and other related questions became invalid (the Company has informed on conclusion of this agreement by the notification on material event, dated 15 April 2014).
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- 17.12.2016 08:14
AB AGROWILL GROUP (115/2016) Agreements on the implementation of the option agreements regarding shares of AUGA group, AB have been signed
17.12.2016 08:14AB AGROWILL GROUP (115/2016) Agreements on the implementation of the option agreements regarding shares of AUGA group, AB have been signed
As AUGA group, AB (hereinafter, the "Company") informed by its notifications of a material event dated 12, 22 September 2016 and other related material event notifications, Baltic Champs Group, UAB, which is a shareholder of the Company (hereinafter, the "Buyer"), signed 7 agreements on granting options in the future regarding shares in the Company and these options were exercised. Relevant agreements were made with (hereinafter each of them individually referred to as a "Seller", whereas all of them collectively - as the "Sellers"):
1. Vretola Holdings Limited, registered in the Republic of Cyprus, legal entity code HE270472 (the number of the option shares: 27,511,660);
2. UAB Eastern Agro Holdings, registered in the Republic of Lithuania, legal entity code 300125868 (the number of the option shares: 8,728,512);
3. Harberin Enterprises Limited, registered in the Republic of Cyprus, legal entity code HE 268672 (the number of the option shares: 2,000,000);
4. Volemer Holdings Limited, registered in the Republic of Cyprus, legal entity code HE 268133 (the number of the option shares: 28,440,895);
5. Domantas Savičius (the number of the option shares: 766,857);
6. Marius Žutautas (the number of the option shares: 435,000);
7. Vladas Bagavičius (the number of the option shares: 645,000).
The Company hereby informs that based on funding structure upon request of the Buyer to modify and clarify the terms and conditions of the implementation of all the options indicated above (except for that of UAB Eastern Agro Holdings), on 16 December 2016 the parties to the agreements entered into agreements on implementation of the option agreements, where they agreed that the Buyer would acquire shares of the Company from the Sellers not directly, as provided for in the option agreements, but through other dedicated and individually controlled by respective Sellers companies.
In the signed agreements, the parties, inter alia, agreed that:
1. Option shares of the Company held by the Sellers will be transferred to the companies controlled by them, increasing their authorised capitals and paying for their newly issued shares with in-kind contributions (option shares of the Company held by a relevant Seller):
(i) option shares held by Vretola Holdings Limited (27,511,660 shares) will be transferred to Valgertas UAB, legal entity code 304310540;
(ii) option shares held by Harberin Enterprises Limited (2,000,000 shares) will be transferred to Milguva UAB, legal entity code 304310533;
(iii) option shares held by Volemer Holdings Limited (28,440,895 shares) will be transferred to Velmatas UAB, legal entity code 304310565;
(iv) option shares held by Domantas Savičius, Marius Žutautas and Vladas Bagavičius (1,846,857 shares in total) will be transferred to Senandra UAB, legal entity code 304310558.
2. It has been established that the value of each of the shares of the Company in increasing the authorised capitals of the above-mentioned companies will be EUR 0.450.
3. After the Sellers transfer option shares of the Company held by them, as indicated in paragraphs 1-2 above, the Buyer will acquire from the Sellers (except for UAB Eastern Agro Holdings) not shares of the Company directly, but shares of the above-indicated 4 companies (Valgertas UAB, Milguva UAB, Velmatas UAB and Senandra UAB).
Under agreements signed regarding purchase of shares of the companies indicated in items (i) and (ii) above (Valgertas UAB and Milguva UAB), if their purchase price is paid by 15 January 2017, the purchase price consists of 2 parts:
he main purchase price, which is calculated by multiplying EUR 0.622 by the number of shares of the Company held by a relevant enterprise;
the additional purchase price - 15% annual interest on the amount calculated by multiplying EUR 0.622 by the number of shares of the Company held by a relevant enterprise, which will accrue for the period from 15 November 2016 until payment of the main purchase price to the Seller.
Under the said agreements (Valgertas UAB and Milguva UAB), if the Buyer does not pay the main purchase price by 15 January 2017, then the purchase price of the shares will be calculated by multiplying EUR 0.721 by the number of shares of the Company held by a relevant enterprise.
Under agreements signed regarding purchase of shares of the companies indicated in items (iii) and (iv) above (Velmatas UAB and Senandra UAB), if their purchase price is paid by 15 January 2017, the purchase price consists of 2 parts:
the main purchase price, which is calculated by multiplying EUR 0.579 by the number of shares of the Company held by a relevant enterprise;
the additional purchase price - 15% annual interest on the amount calculated by multiplying EUR 0.579 by the number of shares of the Company held by a relevant enterprise, which will accrue for the period from 15 November 2016 until payment of the main purchase price to the Seller.
Under the said agreements (Velmatas UAB and Senandra UAB), if the Buyer does not pay the main purchase price by 15 January 2017, then the purchase price of the shares will be calculated by multiplying EUR 0.666 by the number of shares of the Company held by a relevant enterprise.
Notice -no such agreement has been signed with the Seller UAB Eastern Agro Holdings, but the price calculation has been changed.
It was established that additional purchase price - 15% annual interest on the amount calculated by multiplying EUR 0.622 by the number of shares of the Company held by a relevant enterprise, which will accrue for the period from 15 November 2016 until payment of the main purchase price to the Seller UAB Eastern Agro Holdings.
And if the Buyer does not pay the main purchase price by 15 January 2017, then the purchase price of the shares will be calculated by multiplying EUR 0.721 by the number of shares of the Company held by a Seller UAB Eastern Agro Holdings.
Under all the above-mentioned agreements , the title to shares of the above-indicated companies will pass from the Seller to the Buyer at the moment of payment of the main purchase price to the respective Seller.
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- 17.12.2016 08:09
AB AGROWILL GROUP (114/2016) Notifications on the acquisition and disposal of voting rights, AUGA group, AB
17.12.2016 08:09AB AGROWILL GROUP (114/2016) Notifications on the acquisition and disposal of voting rights, AUGA group, AB
Podstawa prawna: AUGA group, AB received a notifications on the acquisition and disposal of voting rights:
1. Group notification of UAB Valgertas and Vretola Holdings Limited, on the acquisition and future disposal of voting rights(notification attached);
2. Group notification of UAB Velmatas and Volemer Holdings Limited, on the acquisition and future disposal of voting rights(notification attached).
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- 17.12.2016 08:02
AB AGROWILL GROUP (113/2016) AUGA Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company
17.12.2016 08:02AB AGROWILL GROUP (113/2016) AUGA Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company
Podstawa prawna: AUGA group, AB received notifications on transactions concluded by managers and persons closely associated with the managers of the company (attached).
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- 08.12.2016 09:01
AB AGROWILL GROUP (112/2016) AUGA group, AB sold investment units of investment fund Fixed Yield Invest Fund AUGA group, AB sold investment units of investment fund Fixed Yield Invest Fund
08.12.2016 09:01AB AGROWILL GROUP (112/2016) AUGA group, AB sold investment units of investment fund Fixed Yield Invest Fund AUGA group, AB sold investment units of investment fund Fixed Yield Invest Fund
AUGA group has sold investment units of investment fund Fixed Yield Invest Fund controlled by the fund management company Synergy Finance to selected financial institutional investor.
Value of transaction -. EUR 7.2 million. The disposal of long term investment asset allows Company to attract new funds and finally divest of such investment asset .
Funds from transaction will be used for development of newly acquired business (formerly agricultural subsidiaries of KTG AGRAR) and for development of other ongoing projects, related to introduction of sustainable organic farming technologies in existing agricultural locations and farms.
Company has transferred shares of the companies which controlled land operating subsidiaries (managing around 6.4 thousand hectares of land) in December 2015.
By selling investment units of investment fund the consolidated long term assets decrease by EUR 24.8 million and consolidated liabilities also decrease by EUR 17.6 million (amongst it - financial liabilities of EUR 14 million.
This transaction will not affect Company's net result and EBITDA of year 2016.
This transaction does not change anything in the daily business of AUGA group as the group will rent the land owned by the transferred companies and will carry out its agricultural activities there while paying the market rent price. The term of land rent reaches 10 years (with prolongation rights).
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- 02.12.2016 09:22
Auga group przejmuje litewskie spółki firmy KTG Agrar za 1,38 mln euro
02.12.2016 09:22Auga group przejmuje litewskie spółki firmy KTG Agrar za 1,38 mln euro
Jak czytamy w komunikacie, spółki KTG dysponują ponad 7.700 ha ziemi, z czego ponad 6.100 ha to działki certyfikowane jako organiczne.
Skonsolidowane przychody firm KTG w 2015 r. wyniosły 4,7 mln euro. Przejmowane spółki zatrudniają ok. 50 osób.
Transakcja wymaga zgody odpowiednich urzędów antymonopolowych na Litwie. (PAP)
jow/ ana/
- 02.12.2016 09:02
AB AGROWILL GROUP (111/2016) AUGA group, AB acquires agricultural subsidiaries of German company KTG AGRAR SE in Lithuania
02.12.2016 09:02AB AGROWILL GROUP (111/2016) AUGA group, AB acquires agricultural subsidiaries of German company KTG AGRAR SE in Lithuania
AUGA group, AB signed agreement with regard acquisition of below listed KTG AGRAR SE subsidiaries in Lithuania and Germany (holding other subsidiaries in Lithuania):
1.KTG Agrar UAB;
2.UAB Agrar Raseiniai;
3.UAB Agrar Mažeikiai;
4.UAB PAE Agrar;
5.UAB Delta Agrar .
6.fentus 10. GmbH;
7.norus 26. AG;
8.LT Holding AG;
It will be paid EUR 1,38 million for the shares of the companies under acquisition.
These companies directly or indirectly -through other agricultural subsidiaries in Lithuania- (KTG companies) are involved in crop growing activity in Lithuania.
KTG companies cultivate more than 7700 ha of land (more than 6100 ha out of which are certified as organic land plots).
Consolidate revenues of KTG Companies in 2015 year were EUR 4,7 million.
There are about 50 employees in KTG companies.
The transaction will be complete upon receipt of permission of the Competition Council of the Republic of Lithuania to acquire KTG companies.
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- 30.11.2016 15:21
AB AGROWILL GROUP (110/2016) Presentation of AUGA Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
30.11.2016 15:21AB AGROWILL GROUP (110/2016) Presentation of AUGA Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
Podstawa prawna: Presentation of AUGA Group, AB, which is presented at the meeting with investors "CEO Meets Investors", organised by NASDAQ OMX Vilnius, on 30 November 2016.
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- 30.11.2016 15:18
AB AGROWILL GROUP (109/2016) Interim information of AUGA Group AB for the 9 months period ended 30 September 2016
30.11.2016 15:18AB AGROWILL GROUP (109/2016) Interim information of AUGA Group AB for the 9 months period ended 30 September 2016
AUGA Group, AB provides the Interim unaudited financial information for the nine months ended 30 September 2016 and confirmation of the responsible persons (attached).
The total consolidated revenue of AUGA Group, AB for the nine months of 2016 was EUR 28.07 million. For the same period of 2015 the total consolidated revenue of the company was EUR 32.04 million.
Gross profit for the nine months of 2016 was EUR 6.81 million. During the same period of the last year gross profit was EUR 8.36 million.
For the nine months period of 2016 EBITDA of AUGA Group, AB has reached EUR 6.66 million. During the same period of the last year AUGA Group‘s EBITDA was EUR 7.8 million.
The results for the nine months period of 2016 are in line with Company's expectations and internal plans. Company is curently operating in transitional period to fully organic certification while Company has to meet all criteria of organic farming (and this affects lower volumes of production in comparison with conventional farming,) but production is still not certified as fully organic and prices are lower than organic production. The production will be fully certified in the second part of next year.
Also decreased milk purchase prices which negatively affected the result of dairy activity, but here it should be noted that during last three months latest trends in the milk market are positive.
Net profit for the nine months of 2016 was EUR 0.78 million. During the same period last year net profit was EUR 9.91 million.
Net profit changes were mainly impacted by revaluation of own land portfolio and one-off sales of investment assets, which increased net profit for the nine months of 2015 by EUR 8.2 million.
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- 30.11.2016 15:13
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 3/2016 QS
30.11.2016 15:13AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 3/2016 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 3 kwartał(y) narastająco / 2016 okres od do kwartał(y) narastająco / okres od do 3 kwartał(y) narastająco / 2016 okres od 2016-01-01 do 2016-09-30 3 kwartał(y) narastająco / 2015 okres od 2015-01-01 do 2015-09-30 Revenues 28,070 32,041 Operating profit 2,308 12,044 Profit for the period 784 9,911 Total comprehensive income attributable to equity holders 784 9,911 Net cash generated from operating activities (2,585) 3,691 Net cash used in investing activities (5,270) (1,958) Net cash generated from financing activities (749) (2,365) Total assets 147,325 135,266 Total equity 69,914 69,130 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 24.11.2016 23:56
AB AGROWILL GROUP (128/2016) Regarding the decision of the Supervision Service of the Bank of Lithuania
24.11.2016 23:56AB AGROWILL GROUP (128/2016) Regarding the decision of the Supervision Service of the Bank of Lithuania
AUGA Group, AB has received Decision No. 241-246 of 21 November 2016 of the Supervision Service of the Bank of Lithuania, under which it has been obliged to publish a notice containing the following information:
1. To impose a penalty of EUR 3,000 (three thousand) on AUGA Group, AB, for the failure to comply with the mandatory instruction of the Bank of Lithuania.
2. To obligate AUGA Group, AB, to ensure that the fair value of 100% block of shares of UAB eTime Invest, which was used as the payment for a part of the authorised capital of AUGA Group, AB, is re-estimated in compliance with the provisions of the Law on Companies and the Law on the Bases of Property and Business Valuation, with due consideration to the significant circumstances existing prior to the date of using the shares of UAB eTime Invest as the payment for the shares of AUGA Group, AB, so that the fair value of UAB eTime Invest complies with the requirements of IFRS 3. Should it be established that the shares of AUGA Group, AB, are not fully paid up, to ensure that this situation is rectified retrospectively according to the requirements of the law by and before 1 March 2017.
To meet the criteria of transparency and access to information, where necessary, the Company will inform about its subsequent actions in connection with the decision of the Supervision Service of the Bank of Lithuania.
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- 26.10.2016 17:05
AB AGROWILL GROUP (127/2016) New Articles of Association of AUGA group, AB registered on 26 October 2016
26.10.2016 17:05AB AGROWILL GROUP (127/2016) New Articles of Association of AUGA group, AB registered on 26 October 2016
Podstawa prawna: New Articles of Association of AUGA group, AB (company code 126264360, registered address: Konstitucijos ave. 21C, Vilnius) was registered on 26 October 2016.
With respect to above mentioned we inform that AB "Agrowill Group" has changed company name to AUGA group, AB.
Attached:
1. Articles of Association of AUGA group, AB.
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- 26.10.2016 16:29
AB AGROWILL GROUP (126/2016) Regarding the decision of the Supervision Service of the Bank of Lithuania
26.10.2016 16:29AB AGROWILL GROUP (126/2016) Regarding the decision of the Supervision Service of the Bank of Lithuania
AB Agrowill Group has received Decision of 24 October 2016 of the Supervision Service of the Bank of Lithuania under which the company was given a warning for breaching Article 22 of the Law on Securities due to the fact that Company's financial statements for year 2015 were disclosed with delay on July 19, 2016.
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- 24.10.2016 17:31
AB AGROWILL GROUP (126/2016) Resolutions of extraordinary shareholders meeting of Agrowill Group, AB which took place on October 24, 2016
24.10.2016 17:31AB AGROWILL GROUP (126/2016) Resolutions of extraordinary shareholders meeting of Agrowill Group, AB which took place on October 24, 2016
Resolutions of the extraordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which took place on October 24, 2016:
1.Changing the name of the Company.
To change the Company name to AUGA group, AB.
2.Changing registered address of the Company.
To change the Company registered address to Konstitucijos ave. 21c, Vilnius.
3. Amendments to the Articles of Association of the Company.
With respect to above decisions taken amend the Articles of Association of the Company and approve the new wording of the Articles of Association .
4. Regarding of the power of attorney.
To authorise (with the power to delegate) the General Manager of the Company to sign the amended wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
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- 14.10.2016 15:31
AB AGROWILL GROUP (125/2016) Corrected draft resolution of extraordinary shareholders meeting of Agrowill Group, AB which will take place on October 24, 2016
14.10.2016 15:31AB AGROWILL GROUP (125/2016) Corrected draft resolution of extraordinary shareholders meeting of Agrowill Group, AB which will take place on October 24, 2016
Podstawa prawna: Draft resolution of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on October 24, 2016, has been corrected:
1.Changing the name of the Company.
To change the Company name to AUGA group, AB.
Attached:
1.Draft of the Articles of Association.
2.General voting ballot .
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- 30.09.2016 10:31
AB AGROWILL GROUP (124/2016) Draft resolutions of extraordinary shareholders meeting of Agrowill Group, AB which will take place on October 24, 2016
30.09.2016 10:31AB AGROWILL GROUP (124/2016) Draft resolutions of extraordinary shareholders meeting of Agrowill Group, AB which will take place on October 24, 2016
Podstawa prawna: Draft resolutions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on October 24, 2016:
1.Changing the name of the Company.
To change the Company name to AUGA group.
2.Changing registered address of the Company.
To change the Company registered address to Konstitucijos ave. 21c, Vilnius.
3. Amendments to the Articles of Association of the Company.
With respect to above decisions taken amend the Articles of Association of the Company and approve the new wording of the Articles of Association .
4. Regarding of the power of attorney.
-To authorise (with the power to delegate) the General Manager of the Company to sign the amended wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
Attached:
1.Draft of the Articles of Association.
2.General voting ballot .
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- 30.09.2016 10:26
AB AGROWILL GROUP (123/2016) Notice on Convocation of the extraordinary General Meeting of Shareholders of Agrowill Group, AB on 24 October, 2016
30.09.2016 10:26AB AGROWILL GROUP (123/2016) Notice on Convocation of the extraordinary General Meeting of Shareholders of Agrowill Group, AB on 24 October, 2016
On the initiative and by the decision of the Board of Agrowill Group, AB (company code 126264360, registered address Smolensko st. 10, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 24 October 2016, at 10.30 a.m.
The meeting will be held in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 10 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 17 October, 2016.
Agenda of the Meeting:
1. Changing the name of the Company;
2. Changing registered address of the Company;
3. Amendments to the Articles of Association of the Company;
4. Regarding of the power of attorney.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@agrowill.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.agrowill.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.agrowill.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.agrowill.lt.
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- 23.09.2016 15:27
AB AGROWILL GROUP (122/2016) Agrowill Group, AB Notification on transaction concluded by manager of the company
23.09.2016 15:27AB AGROWILL GROUP (122/2016) Agrowill Group, AB Notification on transaction concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notification on transaction concluded by manager of the company (attached).
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- 22.09.2016 08:47
AB AGROWILL GROUP (121/2016) Notifications on transactions concluded by managers and persons closely associated with the managers of the company
22.09.2016 08:47AB AGROWILL GROUP (121/2016) Notifications on transactions concluded by managers and persons closely associated with the managers of the company
Podstawa prawna: Agrowill Group, AB received notifications on transactions concluded by managers and persons closely associated with the managers of the company (attached).
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- 22.09.2016 08:42
AB AGROWILL GROUP (120/2016) Notifications on the acquisition and disposal of voting rights
22.09.2016 08:42AB AGROWILL GROUP (120/2016) Notifications on the acquisition and disposal of voting rights
Podstawa prawna: Agrowill Group, AB received a notifications on the acquisition and disposal of voting rights:
1. Notification of Baltic Champs Group, UAB, on the acquisition of voting rights (notification attached);
2. Notification of Vretola Holdings Limited, on the disposal of voting rights (notification attached);
3. Notification of Volemer Holdings Limited, on the disposal of voting rights (notification attached).
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- 22.09.2016 08:36
AB AGROWILL GROUP (119/2016) Expression of the will to sell the option shares of Agrowill Group, AB
22.09.2016 08:36AB AGROWILL GROUP (119/2016) Expression of the will to sell the option shares of Agrowill Group, AB
On 12 September 2016 AB Agrowill Group (hereinafter, the Company) disclosed that Baltic Champs Group, UAB, which is a shareholder of the Company, signed 7 agreements on granting options in the future regarding shares in the Company with the following persons (hereinafter each of them individually referred to as a "Seller", whereas all of them collectively - as the "Sellers"):
1. Vretola Holdings Limited, registered in the Republic of Cyprus, legal entity code HE270472 (the number of the option shares: 27.511.660);
2. UAB Eastern Agro Holdings, registered in the Republic of Lithuania, legal entity code 300125868 (the number of the option shares: 8.728.512);
3. Harberin Enterprises Limited, registered in the Republic of Cyprus, legal entity code HE 268672 (the number of the option shares: 2.000.000);
4. Volemer Holdings Limited, registered in the Republic of Cyprus, legal entity code HE 268133 (the number of the option shares: 28.440.895);
5. Domantas Savičius (the number of the option shares: 766.857);
6. Marius Žutautas (the number of the option shares: 435.000);
7. Vladas Bagavičius (the number of the option shares: 645.000).
On 21 September 2016 all Sellers expressed their will in writing to sell the option shares they hold. Due to this, Baltic Champs Group, UAB has acquired the duty to buy all the option shares held by the Sellers and to pay the option price by 15 November 2017, inclusively, and the title to the option shares will pass from the moment of payment of the full option price payable to a relevant Seller.
According to the agreements signed with the Sellers indicated in items 1-3 above, the option price is EUR 0.622 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2016 inclusively or EUR 0.721 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2017 inclusively.
According to the agreements signed with the Sellers indicated in items 4-7 above, the option price is EUR 0.579 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2016 inclusively or EUR 0.666 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2017 inclusively.
Referring to the above, the Company would like to draw investors' attention to the fact that it is not clear at this moment for what final price the shares of the Company would be bought - as it is evident from the information given above, the purchase price of the shares of the Company would depend on the payment date selected by Baltic Champs Group, UAB (by 15 November 2016 or by 15 November 2017).
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kom espi zdz
- 16.09.2016 17:07
AB AGROWILL GROUP (118/2016) Agrowill Group, AB Notification on transaction concluded by manager of the company
16.09.2016 17:07AB AGROWILL GROUP (118/2016) Agrowill Group, AB Notification on transaction concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notification on transaction concluded by manager of the company (attached).
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- 15.09.2016 16:22
AB AGROWILL GROUP (117/2016) Agrowill Group, AB Notification on transaction concluded by manager of the company
15.09.2016 16:22AB AGROWILL GROUP (117/2016) Agrowill Group, AB Notification on transaction concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notification on transaction concluded by manager of the company (attached).
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 15.09.2016 16:20
AB AGROWILL GROUP (114/2016) Notifications on the acquisition and disposal of voting rights
15.09.2016 16:20AB AGROWILL GROUP (114/2016) Notifications on the acquisition and disposal of voting rights
Podstawa prawna: Agrowill Group, AB received a notifications on the acquisition and disposal of voting rights:
1. Notification of UAB Orion Management, Multi Asset Selection Fund, on the acquisition of voting rights (notification attached);
2. Notification of Linas Strėlis on the disposal of voting rights (notification attached).
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kom espi zdz
- 12.09.2016 09:08
AB AGROWILL GROUP (113/2016) Agrowill Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company
12.09.2016 09:08AB AGROWILL GROUP (113/2016) Agrowill Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company
Podstawa prawna:
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 12.09.2016 09:02
AB AGROWILL GROUP (112/2016) Agreements on granting options in the future regarding shares in AB Agrowill Group have been signed
12.09.2016 09:02AB AGROWILL GROUP (112/2016) Agreements on granting options in the future regarding shares in AB Agrowill Group have been signed
On 2 September 2016, Baltic Champs Group, UAB, which is a shareholder of AB Agrowill Group (hereinafter, the Company), signed 7 agreements on granting options in the future regarding shares in the Company with the following persons (hereinafter each of them individually referred to as a "Seller", whereas all of them collectively - as the "Sellers"):
1. Vretola Holdings Limited, registered in the Republic of Cyprus, legal entity code HE270472 (the number of the option shares: 27.511.660);
2. UAB Eastern Agro Holdings, registered in the Republic of Lithuania, legal entity code 300125868 (the number of the option shares: 8.728.512);
3. Harberin Enterprises Limited, registered in the Republic of Cyprus, legal entity code HE 268672 (the number of the option shares: 2.000.000);
4. Volemer Holdings Limited, registered in the Republic of Cyprus, legal entity code HE 268133 (the number of the option shares: 28.440.895);
5. Domantas Savičius (the number of the option shares: 766.857);
6. Marius Žutautas (the number of the option shares: 435.000);
7. Vladas Bagavičius (the number of the option shares: 645.000).
According to the signed agreements, in case in the period from 19 September 2016 to 23 September 2016 inclusively the Sellers or any of them express their will in writing to sell the option shares they hold, Baltic Champs Group, UAB will become subject to the duty to buy all the option shares held by the Seller who expressed such a will and to pay the option price by 15 November 2017, inclusively, and the title to the option shares will pass from the moment of payment of the full option price payable to a relevant Seller.
According to the agreements signed with the Sellers indicated in items 1-3 above, the option price is EUR 0.622 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2016 inclusively or EUR 0.721 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2017 inclusively.
According to the agreements signed with the Sellers indicated in items 4-7 above, the option price is EUR 0.579 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2016 inclusively or EUR 0.666 for 1 (one) share of the Company if Baltic Champs Group, UAB pays the option price to a relevant Seller by 15 November 2017 inclusively.
Referring to the above, the Company would like to draw investors' attention to the fact that it is not currently clear whether at least one of the shareholders of the Company, who will get the option in the future, will really exercise it (if the option is not exercised, a relevant agreement will expire automatically) and whether Baltic Champs Group, UAB will have to buy the option shares of the Seller that exercised the option and, if yes, what the exact number of the shares of the Company is that Baltic Champs Group, UAB would have to buy. Besides, it is not clear in this stage for what price the shares of the Company would be bought. As it is evident from the information given above, if the option were exercised in the future, the purchase price of the shares of the Company would depend on the payment date selected by Baltic Champs Group, UAB (by 15 November 2016 or by 15 November 2017). Besides, the agreements provide for different possible purchase prices of the shares to be paid to different Sellers who will get the put option.
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- 12.09.2016 09:02
AB AGROWILL GROUP (111/2016) Agrowill Group, AB received a notifications on the acquisition and disposal of voting rights
12.09.2016 09:02AB AGROWILL GROUP (111/2016) Agrowill Group, AB received a notifications on the acquisition and disposal of voting rights
Podstawa prawna: Agrowill Group, AB received a notifications on the acquisition and disposal of voting rights:
1. Notification of Baltic Champs Group, UAB, on the acquisition of voting rights (notification attached);
2. Notification of Vretola Holdings Limited, on the disposal of voting rights (notification attached);
3. Notification of Volemer Holdings Limited, on the disposal of voting rights (notification attached).
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- 31.08.2016 23:55
AB AGROWILL GROUP (110/2016) Interim information of Agrowill Group AB for the 6 months period ended 30 June 2016
31.08.2016 23:55AB AGROWILL GROUP (110/2016) Interim information of Agrowill Group AB for the 6 months period ended 30 June 2016
Agrowill Group, AB provides the Interim unaudited financial information for the six months ended 30 June 2016 and confirmation of the responsible persons (attached).
The total consolidated revenue of Agrowill Group, AB for the first half-year of 2016 was EUR 18.07 million. For the same period of 2015 the total consolidated revenue of the company was EUR 16.75 million. The increase of revenue was influenced by higher sales of grain and mushrooms.
Profit of mushroom and compost sales has increased.
Ongoing global overproduction of milk resulted in still decreasing milk purchase prices which negatively affected the result of dairy activity.
The result of the six months period of 2016 of crop growing has increased comparing to the same period of last year due to profitable sale of previous year's remaining harvest.
In total, the Group's profit increased by 5%.
For the six months period of 2016 EBITDA of Agrowill Group, AB has reached EUR 4.7 million. During the same period last year Agrowill Group's EBITDA was EUR 4.4 million.
Net profit for the six months of 2016 was EUR 1 million. During the same period last year net profit was EUR 1.7 million.
Net profit for the half-year of 2016 was lower comparing to the half-year of 2015 due to profitable one-off sales of investment assets- agricultural land, which took place in 2015.
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- 31.08.2016 23:51
AB AGROWILL GROUP Raport okresowy półroczny za 2016 PS
31.08.2016 23:51AB AGROWILL GROUP Raport okresowy półroczny za 2016 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2016 półrocze / półrocze / 2016 półrocze /2015 Revenues 18,068 16,748 Operating profit 1,766 2,292 Profit for the period 1,003 1,712 Total comprehensive income attributable to equity holders 1,031 1,726 Net cash generated from operating activities 1,744 3,689 Net cash used in investing activities -3,853 -1,014 Net cash generated from financing activities 110 -3,179 Total assets 137,055 135,266 Total equity 70,133 69,130 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
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- 10.08.2016 10:20
AB AGROWILL GROUP Raport okresowy roczny skonsolidowany za 2015 RS
10.08.2016 10:20AB AGROWILL GROUP Raport okresowy roczny skonsolidowany za 2015 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2015 2015 2014 Revenues 47 425 41 950 Operating profit 8 129 12 488 Profit for the period 5 559 10 134 Total comprehensive income attributable to equity holders 13 074 10 042 Net cash generated from operating activities 8 059 5 105 Net cash used in investing activities (2 144) 6 322 Net cash generated from financing activities (2 901) (10 526) Total assets 135 266 123 031 Total equity 69 130 55 984 Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 10.08.2016 09:44
AB AGROWILL GROUP (109/2016) Decisions of extraordinary shareholders meeting of Agrowill Group, AB which took place on 10 August, 2016
10.08.2016 09:44AB AGROWILL GROUP (109/2016) Decisions of extraordinary shareholders meeting of Agrowill Group, AB which took place on 10 August, 2016
Podstawa prawna: Decisions of the extraordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which took place on August 10, 2016:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor:
- Taken for the information.
2. Approval of audited consolidated and separate annual financial statements of the Company for the year 2015.
Decision:
- To approve audited consolidated and separate annual financial statements for the year 2015.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
Decision:
- To leave inappropriated the result of the Company for the year 2015 as indicated in the audited financial statements of the Company for the year 2015.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1
kom espi zdz
- 20.07.2016 17:25
GPW: wznowienie obrotu akcjami AB AGROWILL GROUP
20.07.2016 17:25GPW: wznowienie obrotu akcjami AB AGROWILL GROUP
Giełda Papierów Wartościowych w Warszawie S.A. informuje, że zgodnie z postanowieniami Uchwały Nr 415/2016 Zarządu Giełdy z dnia 4 maja 2016 roku, w związku z przekazaniem przez spółkę AB AGROWILL GROUP do publicznej wiadomości raportu rocznego za rok obrotowy 2015, począwszy od dnia 21 lipca 2016 r. nastąpi wznowienie obrotu akcjami tej spółki, oznaczonymi kodem "LT0000127466".
kom mln/
- 19.07.2016 15:55
AB AGROWILL GROUP (108/2016) Draft decisions of extraordinary shareholders meeting of Agrowill Group, AB which will take place on 10 August, 2016
19.07.2016 15:55AB AGROWILL GROUP (108/2016) Draft decisions of extraordinary shareholders meeting of Agrowill Group, AB which will take place on 10 August, 2016
Podstawa prawna: Draft decisions of the extraordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on August 10, 2016:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor:
- Taken for the information.
2. Approval of audited consolidated and separate annual financial statements of the Company for the year 2015.
Draft decision:
- To approve audited consolidated and separate annual financial statements for the year 2015.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
Draft decision:
- To leave inappropriated the result of the Company for the year 2015 as indicated in the audited financial statements of the Company for the year 2015.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
Attached:
1.General voting ballot .
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- 19.07.2016 15:50
AB AGROWILL GROUP (107/2016) Notice on Convocation of the extraordinary General Meeting of Shareholders of Agrowill Group, AB on 10 August, 2016
19.07.2016 15:50AB AGROWILL GROUP (107/2016) Notice on Convocation of the extraordinary General Meeting of Shareholders of Agrowill Group, AB on 10 August, 2016
Podstawa prawna: On the initiative and by the decision of the Board of Agrowill Group, AB (company code 126264360, registered address Smolensko st. 10, Vilnius, hereinafter - the Company) the extraordinary general meeting of shareholders of the Company is being convened on 10 August 2016, at 9.30 a.m.
The meeting will be held in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 3 August, 2016.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor.
2. Approval of audited consolidated and separate annual financial statements of the Company for the year 2015.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
The draft decisions and general ballot are disclosed by separate announcement.
Company‘s Board explanation with regard audited financial results of the group for the year 2015 and the interim results announced on 29 February 2016 for the twelve months of 2015:
Audited revenue of Agrowill Group, AB for the year 2015 are the same as the results announced on 29 February 2016 for the twelve months of 2015 - consolidated Agrowill Group‘s revenue for the year 2015 amounted to EUR 47.42 million.
Audited net profit and EBITDA of Agrowill Group, AB for the year 2015 differ from interim unaudited net profit and EBITDA for the twelve months of 2015 and are bigger- audited consolidated Agrowill Group‘s net profit for the year 2015 amounted to EUR 5.56 million (interim unaudited net profit for the year 2015 was EUR 3.87 million). And audited consolidated Agrowill Group‘s EBITDA for the year 2015 is EUR 10.78 million (interim unaudited EBITDA for the year 2015 was EUR 10.56 million)
The two main reasons which influenced the positive change of the net profit between the interim and audited financial statements were additional revaluation of own land adjustment (with a total effect of EUR 0.6 million) and the replacement of deferred taxes from income statement directly to equity (with a total effect of EUR 0.8 million).
Other less material adjustments were related to property plant and equipment impairment and accounts receivable provisions; recalculation of depreciation for a number of assets; decrease of deferred taxes and other immaterial adjustments.
Information regarding participation in the shareholders meeting :
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@agrowill.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.agrowill.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.agrowill.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.agrowill.lt.
Attached:
1.Consolidated and separate annual financial statements for the year 2015 and Auditor‘s report
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- 12.07.2016 09:54
AB AGROWILL GROUP (106/2016) Regarding suspension of trade of shares of Agrowill Group AB
12.07.2016 09:54AB AGROWILL GROUP (106/2016) Regarding suspension of trade of shares of Agrowill Group AB
Agrowill Group AB informs that according to decision of Department of market operations of Nasdaq Vilnius AB, which followed after a request of Bank of Lithuania, the trading of Company shares in the regulated market is suspended. The decision was initiated as Company‘s annual information for 2015 (annual report and financial statements) is not yet dislosed to the public.
The Company informs that annual information is not disclosed as the Company has not received an independent auditors report from KPMG Baltics UAB regarding it‘s consolidated annual report and consolidated and standalone financial statements for the year ended 31 December 2015.
According to the agreement with audit company KPMG Baltics UAB, the term to complete audit of the Company was April 2016. However, up until current moment, the auditor has not issued auditor‘s report regarding the annual information for 2015. Due to above-mentioned reason the Company can not present it‘s annual information for approval of shareholders meeting and disclose it.
The Company strives to present to investors full and comprehensive information, but it has no power to influence the decisions of independent auditor, including various audit procedures and terms.
After receipt of audit report, Agrowill Group AB will immediately convene the shareholders meeting and present for it‘s approval the annual information for the year ended 31 December 2015. The trading of Companies shares will resume thereafter.
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- 31.05.2016 19:11
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 1/2016 QS
31.05.2016 19:11AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 1/2016 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2016 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2016 okres od 2016-01-01 do 2016-03-31 1 kwartał(y) narastająco / 2015 okres od 2015-01-01 do 2015-03-31 Revenues 8,918 8,905 Operating profit 987 (427) Profit for the period 550 (556) Total comprehensive income attributable to equity holders 583 (554) Net cash generated from operating activities (2,023) 4,160 Net cash used in investing activities (1,003) (633) Net cash generated from financing activities (508) (1,924) Total assets 132,239 135,266 Total equity 69,680 69,130 Więcej na: biznes.pap.pl
kom espi zdz
- 23.05.2016 14:02
AB AGROWILL GROUP Resolutions of "Agrowill Group", AB with regard election of Chairman of Supervisory Board, election of members of Management Board and Chairman of Management Board
23.05.2016 14:02AB AGROWILL GROUP Resolutions of "Agrowill Group", AB with regard election of Chairman of Supervisory Board, election of members of Management Board and Chairman of Management Board
Resolution of Supervisory Board of "Agrowill Group", AB with regard to election of Chairman of Supervisory Board:
1. To elect Vladas Lašas as Chairman of Supervisory Board.
Resolution of Supervisory Board of "Agrowill Group", AB with regard to election of members of Management Board:
1.To recall the management Board of the Company in corpore regarding end of term of office.
2. To elect (re-elect) members of the management Board of the Company for the new term of office:
Kęstutis Juščius
Marijus Bakas;
Linas Bulzgys;
Domantas Savičius;
Linas Strėlis ;
Marius Žutautas ;
Vladas Bagavičius .
Resolution of Management Board of "Agrowill Group", AB with regard Chairman of Management Board:
1. To elect Kęstutis Juščius as Chairman of the Management Board of the Company.
Więcej na: biznes.pap.pl
kom espi zdz
- 19.05.2016 10:26
AB AGROWILL GROUP Decisions of repeat ordinary shareholders meeting of Agrowill Group, AB which took place on 19 May, 2016
19.05.2016 10:26AB AGROWILL GROUP Decisions of repeat ordinary shareholders meeting of Agrowill Group, AB which took place on 19 May, 2016
Decisions of the repeat ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which took place on May 19, 2016:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor:
No decision was made on this agenda‘s question, because Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date.
2. Approval of consolidated annual financial statements of the Company for the year 2015.
No decision was made on this agenda‘s question, because Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
No decision was made on this agenda‘s question, because Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date.
4. Election of the Supervisory Board.
-to recall members of the Supervisory Board of the Company regarding the expiry of the term of office of the Supervisory Board
-to elect members of the Supervisory Board of the Company:
4.1. Vladas Lašas
4.2. Rimantas Rudzkis
4.3. Gediminas Žiemelis
4.4. Liudas Navickas
4.5. Aurimas Sanikovas
5. Election of the auditor of the Company .
-To elect UAB "PricewaterhouseCoopers" as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2016 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services not more than defined by the Board.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
NOTE - Due to the fact that Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date, Consolidated annual financial statements for the year 2015 and consolidated annual report of the Company 2015 will be presented for approval to the extraordinary shareholders meeting. The date and details of the extraordinary shareholders meeting will be disclosed later by separate announcement.
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kom espi zdz
- 18.05.2016 23:06
AB AGROWILL GROUP Draft decisions of repeat ordinary shareholders meeting of Agrowill Group, AB which will take place on 19 May, 2016
18.05.2016 23:06AB AGROWILL GROUP Draft decisions of repeat ordinary shareholders meeting of Agrowill Group, AB which will take place on 19 May, 2016
Podstawa prawna: Draft decisions of the repeat ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on May 19, 2016:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor:
No decision might be taken on this agenda‘s question, because Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date.
2. Approval of consolidated annual financial statements of the Company for the year 2015.
No decision might be taken on this agenda‘s question, because Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
No decision might be taken on this agenda‘s question, because Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date.
4. Election of the Supervisory Board.
-to recall members of the Supervisory Board of the Company regarding the expiry of the term of office of the Supervisory Board
-to elect members of the Supervisory Board of the Company:
4.1. Vladas Lašas
4.2. Rimantas Rudzkis
4.3. Gediminas Žiemelis
4.4. Liudas Navickas
4.5. Aurimas Sanikovas
5. Election of the auditor of the Company .
Draft decision:
-To elect UAB "PricewaterhouseCoopers" as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2016 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services not more than defined by the Board.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
NOTE - Due to the fact that Company‘s auditor UAB KPMG Baltics hasn‘t issued audit report before shareholders meeting date, Consolidated annual financial statements for the year 2015 and consolidated annual report of the Company 2015 will be presented for approval to the extraordinary shareholders meeting. The date and details of the extraordinary shareholders meeting will be disclosed later by separate announcement.
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kom espi zdz
- 04.05.2016 19:35
GPW: w sprawie zawieszenia obrotu akcjami spółki AB AGROWILL GROUP
04.05.2016 19:35GPW: w sprawie zawieszenia obrotu akcjami spółki AB AGROWILL GROUP
§ 1
Zarząd Giełdy, działając na podstawie § 30 ust. 1 pkt 2) Regulaminu Giełdy, postanawia zawiesić obrót akcjami spółki AB AGROWILL GROUP (oznaczonymi kodem "LT0000127466") do końca dnia sesyjnego następującego po dniu, w którym spółka ta przekaże do publicznej wiadomości raport roczny za rok obrotowy 2015.
§ 2
Uchwała wchodzi w życie z dniem 5 maja 2016 r.
kom zdz/
- 03.05.2016 16:20
AB AGROWILL GROUP Presentation of Agrowill Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
03.05.2016 16:20AB AGROWILL GROUP Presentation of Agrowill Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
Podstawa prawna: Please find attached presentation of Agrowill Group, AB, which is presented at the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius, on 3 May 2016.
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kom espi zdz
- 29.04.2016 15:14
AB AGROWILL GROUP The ordinary shareholders meeting "Agrowill Group" is considered not held due to not presented quorum. The repeat shareholders Meeting is convened
29.04.2016 15:14AB AGROWILL GROUP The ordinary shareholders meeting "Agrowill Group" is considered not held due to not presented quorum. The repeat shareholders Meeting is convened
The ordinary Meeting of Agrowill Group AB shareholders (company code 126264360, registered address: Smolensko st. 10, Vilnius) which was called on April 29, 2016 is considered not held due to not presented quorum.
The repeat shareholders Meeting will take place on May 19, 2016 at 9.30 a.m., in the conference room "Eta" at the hotel "Radisson Blu ", address Konstitucijos av. 20, LT-09308 Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the repeat general Meeting of shareholders may participate and vote at the repeat general Meeting of shareholders.
The record date of the repeat Meeting shall be 12 May, 2016.
Agenda of the repeat Meeting remains the same as of not held ordinary shareholders meeting.
Note: Due to ongoing audit procedures Consolidated annual financial statements for the year 2015 and consolidated annual report of the Company 2015 will be disclosed later by separate announcement before repeat Meeting.
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kom espi zdz
- 15.04.2016 16:51
AB AGROWILL GROUP Draft decisions of ordinary shareholders meeting of Agrowill Group, AB which will take place on 29 April, 2016
15.04.2016 16:51AB AGROWILL GROUP Draft decisions of ordinary shareholders meeting of Agrowill Group, AB which will take place on 29 April, 2016
Podstawa prawna: Draft decisions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on April 29, 2016:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2015.
Draft decision:
- To approve consolidated annual financial statements for the year 2015.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
Draft decision:
- To leave inappropriated the result of the Company for the year 2015 as indicated in the consolidated Financial Statements of the Company for the year 2015.
4. Election of the Supervisory Board.
-to recall members of the Supervisory Board of the Company regarding the expiry of the term of office of the Supervisory Board
-to elect members of the Supervisory Board of the Company:
4.1. [name, surname of the elected candidate]
4.2. [name, surname of the elected candidate]
4.3. [name, surname of the elected candidate]
4.4. [name, surname of the elected candidate]
4.5. [name, surname of the elected candidate]
5. Election of the auditor of the Company .
Draft decision:
-To elect [..........] as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2016 financial year. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case not more than [..........] EUR (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
Note: Due to ongoing audit procedures Consolidated annual financial statements for the year 2015 and consolidated annual report of the Company 2015 will be disclosed later by separate announcement before Meeting.
All documents possessed by the Company related to the agenda of the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
Attached:
1.General voting ballot .
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kom espi zdz
- 07.04.2016 17:03
AB AGROWILL GROUP Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 29 April, 2016
07.04.2016 17:03AB AGROWILL GROUP Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 29 April, 2016
On the initiative and by the decision of the Board of Agrowill Group, AB (company code 126264360, registered address Smolensko st. 10, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 29 April 2016, at 9.30 a.m.
The meeting will be held in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 9 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 22 April, 2016.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2015 and report of the Auditor.
2. Approval of consolidated annual financial statements of the Company for the year 2015.
3. Approval of the profit (loss) appropriation of the Company for the year 2015.
4. Election of the Supervisory Board.
5. Election of the auditor of the Company .
The draft decisions and general ballot will be disclosed by separate notification of the Company not later than April 16, 2016.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of EUR 0.29 par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252.
ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@agrowill.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.agrowill.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.agrowill.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.agrowill.lt.
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kom espi zdz
- 29.03.2016 09:48
AB AGROWILL GROUP Regarding the appeal against Decision of 15 February 2016 of the Supervision Service of the Bank of Lithuania
29.03.2016 09:48AB AGROWILL GROUP Regarding the appeal against Decision of 15 February 2016 of the Supervision Service of the Bank of Lithuania
AB Agrowill Group has received Decision No. 241-38 of 15 February 2016 of the Supervision Service of the Bank of Lithuania and after a detailed legal analysis of the Decision, assessed this Decision as contrary to law and unjustified.
Therefore, the Company took advantage of the statutory law and appealed against that decision to the court which has accepted the appeal and started the appeal proceedings.
Please note that more information on Decision and an opinion of the Company has been disclosed in notification on material event as of 18th February, 2016.
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kom espi zdz
- 01.03.2016 08:19
AB AGROWILL GROUP Revenue and EBITDA of Agrowill Group climbed up in 2015
01.03.2016 08:19AB AGROWILL GROUP Revenue and EBITDA of Agrowill Group climbed up in 2015
Unaudited results for year 2015 of Agrowill Group, a group of companies implementing a model of organic agricultural production, indicate that its revenue was 13% higher than in 2014 and reached EUR 47.42 million. At the same time EBITDA of the company was EUR 10.87 million - a 49% better result than in 2014 when it equalled EUR 7.08 million. Net profit of Agrowill Group in 2015 was EUR 3.87 million, since Agrowill Group had a net profit of EUR 10.3 million over the same period of 2014.
Although net profit of Agrowill Group decreased, but taking into consideration the elimination of negative goodwill write-off in 2014 (according to IFRS after the merger of Agrowill Group AB and Baltic Champs UAB), the actual net profit in 2015, was EUR 2.6 million higher than in 2014.
"It is a good result for a group of companies which are reorganizing internal processes in a way that fits to strict organic agriculture rules. And it is still being negatively influenced by outside factors, such as embargo in Russia and overproduction in dairy sector. Gross profit of mushroom and milk production have decreased, but negative impact has been absorbed by significant growth of yields in grain production. We have been working in accordance with strict rules of organic farming since last spring, thus we feel more and more confident about the allocation of resources and risks within the companies of the group in order to make sure that our business model is sustainable and has an economic background," said Linas Bulzgys, the General Manager of Agrowill Group.
In 2015 gross profit of Agrowill Group was EUR 10.52 million and was EUR 2.69 million higher than in 2014.
Gross profit for the year 2015 consists of EUR 2.06 million from the sale of mushroom production and compost segment, gross profit from grain production equalled to EUR 2.87 million, dairy and livestock production generated the loss of EUR 0.92 million. The accumulated amount of subsidies received in 2015 have reached EUR 7.5 million, out of which EUR 4 million were subsidies for organic farming. Subsidies for organic farming are dedicated to all organic and transitional farms in order to compensate decreased yields of production due to organic farming requirements.
Last year Agrowill Group transferred shares of the companies that control land-operating subsidiaries to Fixed Yield Invest Fund, investment fund for informed investors controlled by the fund management company Synergy Finance. In total, the companies indirectly manage around 6.4 thousand hectares of land that has a market value of EUR 24 million. For the 100% of the shares the fund paid by its own-issued investment certificates which on the day of the deal had a market value of EUR 6.6 million. The controlling companies were transferred together with their financial commitments of EUR 15.3 million. Agrowill Group has not given any guarantees or warranties for these commitments.
The group is sole keeper of fund's investment units and, as advised by the auditors and in accordance to International Accounting Standards, debts of the companies acquired by the fund were consolidated. Consequently, the total worth of Agrowill Group debt portfolio equalled to EUR 46.7 million in 2015. If debts which were transferred to the investment fund and which are repaid solely by fund were eliminated, the total worth of the debt portfolio would equal EUR 35.2 million.
In 2015 Agrowill Group reached a strategic agreement with DNB and Swedbank on the refinancing of the Company‘s long-term debt portfolio in order to reduce its debt burden. A syndicated loan of EUR 39 million was granted by both banks in equal parts. EUR 33 million of the money were dedicated to refinance current loan portfolio, while the rest of the loan will be used to finance Company‘s operations as well as its development projects. In the upcoming years this agreement will allow to decrease the debt service expenditure for more than 30 per cent.
In December 2015 Ekoagros, an institution for organic farming and food production certification, finished the certification process of all land (23.5 thousand hectares) rented and owned by Agrowill Group and group's livestock farms.
The harvest of the year 2016 will match the requirements of organic farming status P2 which means that the crops could be added in organic livestock feeding ration in a proportion of 30 per cent. The stock of that type usually trades in the market at the price, which is 30-50 euros per tonne cheaper than organic crops, but it is significantly more expensive than conventional crops, especially now, when prices of conventional crops are low.
Agrowill Group is one of the largest agricultural investment companies in Lithuania. In 2014 it reached EUR 41.9 million in sales revenue and EUR 8.9 million in profits. The group currently employs over 1000 people. Its shares are being traded in Nasdaq OMX Baltic and Warsaw Stock Exchange. In June 2015 the company announced about its plans to implement an environmentally sustainable organic agriculture production model. The first certified ecological agricultural production of Agrowill expected in the market in 2017.
For more information:
Vaidotas Vyšniauskas
Publicum FComm
+370 612 73474
v.vysniauskas@publicum.lt
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kom espi zdz
- 29.02.2016 22:08
AB AGROWILL GROUP Agrowill Group, AB Interim unaudited financial information for 12 months ended 31 December 2015
29.02.2016 22:08AB AGROWILL GROUP Agrowill Group, AB Interim unaudited financial information for 12 months ended 31 December 2015
Agrowill Group, AB provides the Interim unaudited financial information for the 12 months ended 31 December 2015 and confirmation of the responsible persons (attached).
The total consolidated revenue of Agrowill Group, AB for the twelve months of 2015 was EUR 47.42 million. For the twelve months of 2014 the total consolidated audited revenue of Agrowill Group, AB was EUR 41.95 million.
Net profit for the twelve months of 2015 was EUR 3.87 million. Agrowill Group, AB had a net profit of EUR 10.3 million over the same period of 2014.
EBITDA for the twelve months of 2015 was EUR 10.6 million. For the same period of 2014 EBITDA of Agrowill Group AB was EUR 7.08 million.
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kom espi zdz
- 29.02.2016 22:05
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 4/2015 QS
29.02.2016 22:05AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 4/2015 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 4 kwartał(y) narastająco / 2015 okres od do kwartał(y) narastająco / okres od do 4 kwartał(y) narastająco / 2015 okres od 2015-01-01 do 2015-12-31 4 kwartał(y) narastająco / 2014 okres od 2014-01-01 do 2014-12-31 Revenues 47,425 41,950 Operating profit 7,448 12,658 Profit for the period 3,872 10,211 Total comprehensive income attributable to equity holders 3,875 10,197 Net cash generated from operating activities 7,593 5,197 Net cash used in investing activities (2,912) 6,322 Net cash generated from financing activities (1,665) (10,617) Total assets 134,537 123,031 Total equity 68,089 56,155 Więcej na: biznes.pap.pl
kom espi zdz
- 18.02.2016 16:50
AB AGROWILL GROUP Regarding the decision of the Supervision Service of the Bank of Lithuania and the position of the Company with regard to it
18.02.2016 16:50AB AGROWILL GROUP Regarding the decision of the Supervision Service of the Bank of Lithuania and the position of the Company with regard to it
AB Agrowill Group has received Decision No. 241-38 of 15 February 2016 of the Supervision Service of the Bank of Lithuania, under which it has been obliged to publish a notice containing the following information:
"4. To oblige AB Agrowill Group to immediately publish a notice of a material event, i.e. the present decision adopted by the Director of the Supervision Service of the Bank of Lithuania, by indicating therein:
4.1. that by the decision of the Director of the Supervision Service of the Bank of Lithuania AB Agrowill Group was given a warning for violating Article 21 of the Law on Securities;
4.2. that the financial statements of AB Agrowill Group for 2014 do not comply with the requirements of IAS 1 Presentation of Financial Statements, IAS 36 Impairment of Assets and IFRS 3 Business Combinations and the qualitative characteristic of reliability of financial reporting established in the Framework for the Preparation and Presentation of Financial Statements;
4.3. that the fair value of the in-kind contribution used to pay for a part of the authorised capital of AB Agrowill Group is unjustified; therefore, the sum of nominal values of the shares of AB Agrowill Group paid for by the in-kind contribution, i.e. the shares of UAB eTime Invest, may exceed the value of the in-kind contribution, i.e. the stake in UAB eTime Invest, therefore, a portion of the shares of AB Agrowill Group may be unpaid for, thus inflicting unjustified damage to the Company and violating the property and non-property rights of its shareholders;
4.4. the assessment of the impact thereof on the financial standing and financial results of AB Agrowill Group and the Group as of 31 December 2014;
4.5. the date when the financial statements will be retrospectively restated to reflect the error correction and announced publicly."
Taking due account of the aforesaid, the Company hereby publishes this material event notice.
With a view to provide full information about the current situation in connection with the aforementioned Decision and obligation, the Company would like to point out the following:
1. The Company has serious legal doubts about aforementioned decision and intends to analyse it with legal advisers and will consider its statutory right to appeal against it to the court;
2. At the time of increasing the Company's authorised capital, Vretola Holdings Limited, the shareholder of the Company, subscribed to 14,151,252 new shares (the aggregate price of the issue amounted to LTL 14,151,252 (EUR 4.098.486) and paid for them by a 100% stake in UAB eTime Invest, composed of 6,856,500 ordinary registered shares with the par value of LTL 1 (EUR 0,29) each. When assessing the current situation from the Company's position, it is important to emphasise that the stake in UAB eTime Invest was evaluated at LTL 16.7 million (EUR 4,836 million), which exceeded the price of the issue of the Company's new shares by LTL 2.55 million (EUR 0,738 million).
3. As one of the Company's priorities is to ensure that financial information provided to investors is as transparent as possible, the Company will make every effort to resolve the current matter as quickly as possible. The Company will seek to adjust the property valuation report retrospectively in the immediate future in order to dispel doubts about the value of the shares of UAB eTime Invest in the currently valuation report.
4. No impact on the financial standing and financial results of AB Agrowill Group and the Group as of 31 December 2014 will take place. The financial statements of AB Agrowill Group and the Group as of 31 December 2014 (and later) already include decreased down to appr. LTL 1 million (EUR 0,289 million) value of Crimea assets held by UAB eTime Invest.
To meet the criteria of transparency and access to information, where necessary, the Company will inform about its subsequent actions in connection with the decision of the Supervision Service of the Bank of Lithuania.
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kom espi zdz
- 31.12.2015 20:07
AB AGROWILL GROUP Notification about acquisition of a block of shares of Agrowill Group, AB
31.12.2015 20:07AB AGROWILL GROUP Notification about acquisition of a block of shares of Agrowill Group, AB
Podstawa prawna: Agrowill Group, AB has received a notification from:
1) Volemer Holdings Limited - regarding acquisition of voting rights. The declared limit reached - 15 percent. The reason for overstepping the limit - acquisition of voting rights by OTC transaction.
The notification attached.
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kom espi zdz
- 31.12.2015 20:00
AB AGROWILL GROUP Dates of periodic information disclosure of Agrowill Group AB for the year 2016 (investor calendar)
31.12.2015 20:00AB AGROWILL GROUP Dates of periodic information disclosure of Agrowill Group AB for the year 2016 (investor calendar)
Trying to introduce the latest information on the Company's operations to it‘s investors, the Company has decided to prepare and release interim financial information for 3, 9 and 12 months, as it was done previously and informs that the results of the Company for the year 2016 will be announced as follows:
29 February, 2016 - Consolidated unaudited intermediate set of financial statements for twelve months of 2015;
29 April, 2016- Consolidated annual report for the year 2015 (auditor-evaluated) and consolidated, auditor-evaluated set of Financial Statements for the year 2015;
31 May, 2016 - Consolidated intermediate set of financial statements for three months of 2016;
31 August, 2016 - Consolidated intermediate set of financial statements for six months of 2016 and interim consolidated report for the six months of 2016;
30 November, 2016 - Consolidated intermediate set of financial statements for nine months of 2016.
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kom espi zdz
- 31.12.2015 19:56
AB AGROWILL GROUP Agrowill Group divests property management from agricultural production businessAgrowill Group divests property management from agricultural production business
31.12.2015 19:56AB AGROWILL GROUP Agrowill Group divests property management from agricultural production businessAgrowill Group divests property management from agricultural production business
Agrowill Group, one of the largest agricultural investment companies, has transferred shares of the companies which controls land operating subsidiaries to Fixed Yield Invest Fund, investment fund for informed investors controlled by the fund management company Synergy Finance. In total, the companies indirectly manage around 6.4 thousand hectares of land which has a market value of EUR 24 million. For the 100% of the shares the fund paid by its own-issued investment certificates which on the day of the deal had a market value of EUR 6.6 million. The controlling companies have been transferred together with their financial commitments of EUR 15.3 million.
Transferring subsidiaries to the investment fund allows Company to separate the business of agricultural land management and administration from core activities which are farming, mushroom cultivation and cattle breeding. By selling land assets the financial commitments are also transfered. This deal does not change anything in the daily business of Agrowill Group as the group will rent the land owned by the transferred companies and will carry out its agricultural activities there while paying the market rent price.
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kom espi zdz
- 30.12.2015 08:50
Agrowill refinansuje zadłużenie długoterminowe; nie porzuca planów emisji akcji
30.12.2015 08:50Agrowill refinansuje zadłużenie długoterminowe; nie porzuca planów emisji akcji
"Kredyt będzie wykorzystywany zarówno do finansowania działalności spółki, jak i projektów rozwojowych" - napisano w raporcie.
Banki zgodziły się refinansować dług (33 mln euro) i dodatkowo pożyczyć 6 mln euro.
Według szacunków firmy, dzięki korzystniejszemu harmonogramowi spłaty i obniżce marży spółka będzie mogła spłacić w ramach kredytu do 10 mln euro mniej w ciągu najbliższych czterech lat niż gdyby umowa nie została osiągnięta.
Umowa z bankami nie zmienia planów dodatkowej emisji akcji Agrowill Group w 2016 roku.
Latem tego roku firma informowała, że chce w przyszłym roku podwyższyć kapitał zakładowy. Mówiła wówczas, że nowe akcje mogą stanowić ok. 20 proc. w podwyższonym kapitale. Środki miałyby zostać przeznaczone na wdrożenie i realizację nowej strategii grupy opartej na zasadach rolnictwa ekologicznego. (PAP)
morb/ ana/
- 30.12.2015 08:03
AB AGROWILL GROUP Agrowill Group has reached a strategic agreement with banks
30.12.2015 08:03AB AGROWILL GROUP Agrowill Group has reached a strategic agreement with banks
Agrowill Group, one of the largest agricultural investment companies, has reached a strategic agreement with DNB and Swedbank on the refinancing of the company‘s long-term debt portfolio. A syndicated loan of EUR 39 million is going to be granted by both banks in equal parts. It will be used to finance company‘s operations as well as its development projects.
Banks have agreed to not only refinance the whole debt portfolio of EUR 33 million, but also additionally lend us EUR 6 million. The additional long-term loan as well as more favourable debt repayment schedules will enable to devote up to EUR 16 million for the Agrowill's strategic goal - the deployment of the organic farming model.
It is estimated that more favourable debt repayment schedules and reduced annual interest rate margins will allow to repay up to EUR 10 million (34%) less for the loan in the next 4 years than it would be if the new agreement was not reached.
The agreement with the banks does not change the plans of the additional share issue of Agrowill Group in 2016.
The company previously announced that the additional funds raised would be used for the implementation and development of organic farming technologies as well as establishing manufacturing processes of organic agricultural products for end-users.
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kom espi zdz
- 22.12.2015 09:40
AB AGROWILL GROUP Ekoagros, an organic agriculture certification body in Lithuania, completed certification process of crops and livestock of Agrowill Group, AB as organic
22.12.2015 09:40AB AGROWILL GROUP Ekoagros, an organic agriculture certification body in Lithuania, completed certification process of crops and livestock of Agrowill Group, AB as organic
Ekoagros, an organic agriculture certification body in Lithuania, completed certification process of all owned and leased farmland areas (a total of about 23,5 thousand hectares) and livestock of Agrowill Group, AB as organic.
Following the certification, the Group is eligible to receive payments (by preliminary calculations - around EUR 4 million) for organic farming which, in accordance with the European Union and national rules, are used to compensate any harvest reductions due to the non-use of chemical fertilisers and additives in protection products.
Agrowill Group follows the rules of organic farming since mid-June of this year. Under the existing procedure, however, in 2016 production will yet be regarded as production of the transitional period, which takes 2 years in total, while the production of 2017 will be fully organic.
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kom espi zdz
- 30.11.2015 22:52
AB AGROWILL GROUP Interim information of Agrowill Group AB for the 9 months period ended 30 September 2015
30.11.2015 22:52AB AGROWILL GROUP Interim information of Agrowill Group AB for the 9 months period ended 30 September 2015
The total consolidated revenue of Agrowill Group, AB for the nine months of 2015 was EUR 32.04 million. For the nine months of 2014 the total consolidated revenue of Agrowill Group, AB was EUR 28.09 million.
Net profit for the nine months of 2015 was EUR 9.91 million. Agrowill Group, AB had a net profit of EUR 9.18 million over the same period a year ago.
Net profit for the nine months of 2015 was positively impacted by revaluation of investment property by EUR 7.39 million , while net profit in 2014 was impacted by write off negative goodwill of EUR 9.04 million according to IFRS after merger of Agrowill Group, AB and "Baltic Champs", UAB at the end of 1st quarter 2014.
The Russian embargo on food product imports resulted in a decrease of the profitability of mushroom and compost sales, but the profitability remained positive. Milk sales result was impacted by the same embargo and by lower global milk prices. While the profitability of crop sales increased significantly, mostly due to a greater harvest.
Agrowill Group designated its all owned and leased farmland areas, a total of about 24 000 hectares, for organic farming and follows the rules of organic farming since mid-June of this year.
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kom espi zdz
- 30.11.2015 22:49
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 3/2015 QS
30.11.2015 22:49AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 3/2015 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 3 kwartał(y) narastająco / 2015 okres od do kwartał(y) narastająco / okres od do 3 kwartał(y) narastająco / 2015 okres od 2015-01-01 do 2015-09-30 3 kwartał(y) narastająco / 2014 okres od 2014-01-01 do 2014-09-30 Revenues 32,041 28,091 Operating profit 12,044 10,840 Profit (loss) for the period 9,911 9,180 Total comprehensive income attributable to equity holders 9,912 9,118 Net cash generated from operating activities 3,691 1,260 Net cash used in investing activities 1,958 (6,220) Net cash generated from financing activities (2,365) (5,979) Total assets 137,687 122,231 Total equity 66,066 56,155 Więcej na: biznes.pap.pl
kom espi zdz
- 20.11.2015 09:00
AB AGROWILL GROUP All subsidiary agricultural companies of Agrowill Group, AB successfully fulfill their obligations of restructuring plan and today provide final remaining payment to the creditors - 85 percent of creditor‘s amount
20.11.2015 09:00AB AGROWILL GROUP All subsidiary agricultural companies of Agrowill Group, AB successfully fulfill their obligations of restructuring plan and today provide final remaining payment to the creditors - 85 percent of creditor‘s amount
All subsidiary agricultural companies of Agrowill Group (ŽŪB "Agrowill Alanta", ŽŪB "Agrowill Smilgiai", ŽŪB "Agrowill Mantviliškis", ŽŪB "Agrowill Lankesa", ŽŪB "Agrowill Dumšiškės", ŽŪB "Agrowill Jurbarkai", ŽŪB "Agrowill Eimučiai", ŽŪB "Agrowill Žadžiūnai", ŽŪB "Agrowill Nausodė", ŽŪB "Agrowill Želsvelė") today finish their settlement with creditors under restructuring procedures.
Creditors of these agricultural companies today receive the remaining - 85 percent of their creditor‘s amount - EUR 1.56 million according to the restructuring plans.
15 percent of their claims creditors of these agricultural companies already received in December, 2014.
After final settlement with the creditors in accordance with law the subsidiary agricultural companies will apply to the courts for the completion of the process of restructuring.
Agrowill Group, AB notes that settlements with creditors of the parent company and the subsidiary companies were carried out exactly as envisaged in the restructuring plan of each company.
Thus, all subsidiary agricultural companies of Agrowill Group finished their settlement with creditors under restructuring procedures.
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kom espi zdz
- 02.10.2015 14:02
AB AGROWILL GROUP Presentation of Agrowill Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
02.10.2015 14:02AB AGROWILL GROUP Presentation of Agrowill Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
Podstawa prawna: Please find attached presentation of Agrowill Group, AB, which will be presented at the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius, on 2 October 2015.
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kom espi zdz
- 30.09.2015 17:28
AB AGROWILL GROUP Regarding end of restructuring of Agrowill Group AB
30.09.2015 17:28AB AGROWILL GROUP Regarding end of restructuring of Agrowill Group AB
The restructuring process of the Agrowill Group, AB is successfully completed, as Vilnius county's court decision (approving end of restructuring) came into effect.
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kom espi zdz
- 29.09.2015 16:08
AB AGROWILL GROUP Agrowill Group, AB Notifications on transactions concluded by manager of the company
29.09.2015 16:08AB AGROWILL GROUP Agrowill Group, AB Notifications on transactions concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notification from Member of the Board - Linas Strėlis on transaction concluded by manager of the company - transfer.
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kom espi zdz
- 01.09.2015 13:06
AB AGROWILL GROUP CORRECTION: Interim information of Agrowill Group AB for the 6 months period ended 30 June 2015
01.09.2015 13:06AB AGROWILL GROUP CORRECTION: Interim information of Agrowill Group AB for the 6 months period ended 30 June 2015
Podstawa prawna: The financial statements have been corrected - the consolidated income statements for the second quarter of 2015 and 2014 have been included
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kom espi zdz
- 31.08.2015 22:31
AB AGROWILL GROUP Interim information of Agrowill Group AB for the 6 months period ended 30 June 2015
31.08.2015 22:31AB AGROWILL GROUP Interim information of Agrowill Group AB for the 6 months period ended 30 June 2015
The total consolidated revenue of Agrowill Group, AB for the six months of 2015 was EUR 16.7 million. For the six months of 2014 the total consolidated revenue of Agrowill Group, AB was EUR 14.0 million.
Net profit for the first six months of 2015 was EUR 1.7 million. Agrowill Group, AB had a net profit of EUR 10.2 million over the same period a year ago.
Net profit in 2014 was highly impacted by write off negative goodwill of EUR 9.0 million according to IFRS after merger of Agrowill Group, AB and "Baltic Champs", UAB at the end of 1st quarter.
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kom espi zdz
- 31.08.2015 22:28
AB AGROWILL GROUP Raport okresowy półroczny za 2015 PS
31.08.2015 22:28AB AGROWILL GROUP Raport okresowy półroczny za 2015 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2015 półrocze / półrocze / 2015 półrocze /2014 Revenues 16,748 14,008 Operating profit 2,292 11,026 Profit (loss) for the period 1,712 10,154 Total comprehensive income attributable to equity holders 1,726 10,119 Net cash generated from operating activities 3,689 (1,273) Net cash used in investing activities 1,014 (6,110) Net cash generated from financing activities (3,179) (4,288) Total assets 128,427 122,231 Total equity 57,867 56,155 Więcej na: biznes.pap.pl
kom espi zdz
- 31.07.2015 08:55
AB AGROWILL GROUP The production of organic products for retail users - part of Agrowill Group‘s long term strategy
31.07.2015 08:55AB AGROWILL GROUP The production of organic products for retail users - part of Agrowill Group‘s long term strategy
Agrowill Group implements strategy of organic agricultural production. As foreseen in strategy- the part of the long-term sustainable growth of Agrowill Group's - will be development and production of organic products for retail users as well as creation and use of its own brands for these purposes.
The company follows the rules of organic farming since mid-June of this year.
Agrowill Group designated its all owned and leased farmland areas, a total of about 24 000 hectares, for organic farming.
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kom espi zdz
- 08.07.2015 09:37
Agrowill chce przeprowadzić emisję nowych akcji
08.07.2015 09:37Agrowill chce przeprowadzić emisję nowych akcji
Agrowill nie podjął jeszcze decyzji odnośnie parametrów emisji. Spółka chce przeprowadzić najpierw szczegółowe analizy.
Agrowill zamierza przeznaczyć środki z emisji na wdrożenie i realizację nowej strategii grupy opartej na zasadach rolnictwa ekologicznego.
Spółka informowała wcześniej, że zamierza przeznaczyć pod rolnictwo ekologiczne cały bank ziemi, zarówno grunty własne, jak i dzierżawione, czyli ok. 24 tys. ha. Zasady rolnictwa ekologicznego zostaną także wprowadzone w gospodarstwach hodowlanych.
Agrowill złożył już odpowiednie wnioski do instytucji certyfikującej rolnictwo ekologiczne na Litwie. Zakłada, że procedura ta zakończy się w październiku tego roku.
Pierwsze w pełni ekologiczne produkty mają trafić na rynek w 2017 r. (PAP)
jow/ ana/
- 08.07.2015 09:19
AB AGROWILL GROUP Agrowill Group AB plans to increase share capital as part of its future strategy
08.07.2015 09:19AB AGROWILL GROUP Agrowill Group AB plans to increase share capital as part of its future strategy
Agrowill Group , AB plans to increase share capital within next year as part of its strategy.
Possibly, a new share issue will be of around 20% stake.
Decisions on share capital increase, volume and other specific questions are not taken yet. The Board of the Company will take exact decisions and pass it for shareholders approval with prior public disclosure, only after careful market analysis.
Agrowill Group, AB would use the newly raised capital to finance introduction and development of sustainable organic farming technologies, processing of agricultural products.
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kom espi zdz
- 30.06.2015 09:23
Agrowill przestawia się na rolnictwo ekologiczne; pierwsze produkty wejdą na rynek w '17
30.06.2015 09:23Agrowill przestawia się na rolnictwo ekologiczne; pierwsze produkty wejdą na rynek w '17
Spółka zamierza przeznaczyć pod rolnictwo ekologiczne cały bank ziemi, zarówno grunty własne jak i dzierżawione, czyli ok. 24 tys. ha. Zasady rolnictwa ekologicznego zostaną także wprowadzone w gospodarstwach hodowlanych.
Agrowill złożył już odpowiednie wnioski do instytucji certyfikującej rolnictwo ekologiczne na Litwie. Zakłada, że procedura ta zakończy się w październiku tego roku.
Spółka poinformowała, że pierwsze w pełni ekologiczne produkty trafią na rynek w 2017 r.
"Naszym celem jest sprzedaż naszych ekologicznych produktów w krajach bałtyckich i Skandynawii, a także w Polsce i Niemczech począwszy od 2017 r." - poinformował, cytowany w komunikacie, Kęstutis Juščius przewodniczący rady Agrowill. (PAP)
jow/ asa/
- 30.06.2015 08:41
AB AGROWILL GROUP A strategic turn: Agrowill Group launches the development of a business model based on the principle of sustainable and environmentally-friendly organic agricultural production
30.06.2015 08:41AB AGROWILL GROUP A strategic turn: Agrowill Group launches the development of a business model based on the principle of sustainable and environmentally-friendly organic agricultural production
Agrowill Group AB, one of the largest investors in the agricultural sector in Lithuania, is launching a strategy for organic agricultural production under which all work on land controlled by the company will follow the principles of organic farming. The same principles will also apply to the livestock enterprises of Agrowill. The company has already submitted appropriate applications to Ekoagros, an organic agriculture certification body in Lithuania. After the certification process is completed, Agrowill's first organic products will appear on the market in 2017. The company has followed the rules of organic farming already since mid-June of this year.
Agrowill Group is planning to designate its all owned and leased farmland areas, a total of about 24 000 hectares, for organic farming.
"The processes that are taking place are the beginning of deeper strategic changes in the operations of Agrowill. One can say that we have just begun to develop infrastructure for a completely new agricultural production model, and I do not mean business alone. It also comprises the rudiments of a new ideology and principles of new relationships with the environment. It is yet too early to speak of exact long-term goals, and especially of the tactics. We understand very well that Agrowill will face a difficult period of change in the coming years. So what we have to do is mobilising ourselves and working with patience", commented Kęstutis Juščius, Board Chairman of Agrowill Group.
Changes towards environmentally-friendly and sustainable organic agriculture will not only bring the production processes closer to the application of the most recent scientific knowledge in practice but they are also expected to encourage other agricultural market participants to make an active contribution to the sustainable use of land and water bodies in Lithuania.
Our priority is the widest possible choice and availability of natural and chemically unaffected food products and the sustainable use of land in Lithuania. That is why we have set the development of organic farming as our priority.
The certification process for crops and livestock carried out by Ekoagros should end in October of this year. Following the certification of the crops in response to the applications, the Group will become eligible to receive payments for organic farming which, in accordance with the European Union and national rules, are used to compensate any harvest reductions due to the non-use of chemical fertilisers and additives in protection products. The first organic products are to appear already next year. Under the existing procedure, however, in 2016 such products will yet be regarded as products of the transitional period, while the products of 2017 will be fully organic.
The average growth rate of the EU market of organic food products has been 6% per year. In 2014, the market turnover amounted to about EUR 25 billion. The consumption of such products in the Scandinavian countries has been increasing particularly rapidly, or by 10% annually.
"Our aim is to sell our organic products on the Baltic and Scandinavian as well as Polish and German markets from 2017", noted Mr. Juščius.
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kom espi zdz
- 26.06.2015 09:08
AB AGROWILL GROUP Agrowill Group, AB Notification on transactions concluded by manager of the company
26.06.2015 09:08AB AGROWILL GROUP Agrowill Group, AB Notification on transactions concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notification from Marijus Bakas on transaction concluded by manager of the company - (attached).
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kom espi zdz
- 22.06.2015 16:06
AB AGROWILL GROUP Agrowill Group, AB Notification on transaction concluded by manager of the company
22.06.2015 16:06AB AGROWILL GROUP Agrowill Group, AB Notification on transaction concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notifications from Kestutis Juscius on transactions concluded by manager of the company - acquisition and afterward transfer (attached).
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kom espi zdz
- 01.06.2015 08:58
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 1/2015 QS
01.06.2015 08:58AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 1/2015 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2015 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2015 okres od 2015-01-01 do 2015-03-31 1 kwartał(y) narastająco / 2014 okres od 2014-01-01 do 2014-03-31 Revenues 8,905 5,392 Operating profit (427) 9,533 Profit (loss) for the period (556) 9,428 Total comprehensive income attributable to equity holders (554) 9,428 Net cash generated from operating activities 4,160 (609) Net cash used in investing activities 633 (1,150) Net cash generated from financing activities (1,924) 749 Total assets 124,373 122,231 Total equity 55,599 56,155 Więcej na: biznes.pap.pl
kom espi zdz
- 14.05.2015 20:38
AB AGROWILL GROUP Resolutions of Supervisory Council of "Agrowill Group", AB with regard to election of new Chairman of Supervisory Board and election of new member of management Board
14.05.2015 20:38AB AGROWILL GROUP Resolutions of Supervisory Council of "Agrowill Group", AB with regard to election of new Chairman of Supervisory Board and election of new member of management Board
Resolution of Supervisory Board of "Agrowill Group", AB with regard to election of new Chairman of Supervisory Board:
1. To elect Vladas Lašas as new Chairman of Supervisory Board.
Resolutions of Supervisory Board of "Agrowill Group", AB with regard to the management Board:
1. To elect Kęstutis Juščius as new member of the management Board of the Company.
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kom espi zdz
- 14.05.2015 20:35
AB AGROWILL GROUP Resolution of management Board of "Agrowill Group", AB with regard to election of new Chairman of management Board
14.05.2015 20:35AB AGROWILL GROUP Resolution of management Board of "Agrowill Group", AB with regard to election of new Chairman of management Board
Resolution of management Board of "Agrowill Group", AB with regard to election of new Chairman of management Board:
1. To elect Kęstutis Juščius as new Chairman of management Board.
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kom espi zdz
- 14.05.2015 20:31
AB AGROWILL GROUP Resolutions of repeat shareholders meeting of Agrowill Group, AB, which took place on May 14, 2015
14.05.2015 20:31AB AGROWILL GROUP Resolutions of repeat shareholders meeting of Agrowill Group, AB, which took place on May 14, 2015
Podstawa prawna: Resolutions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which took place on May 14, 2015:
1. Consolidated annual report of the Company for the year 2014 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2014.
- To approve consolidated annual financial statements for the year 2014.
3. Approval of the profit (loss) appropriation of the Company for the year 2014.
- To leave inappropriated the result of the Company for the year 2014 as indicated in the consolidated Financial Statements of the Company for the year 2014.
4. Amendments to the Articles of Association of the Company and approval of the new wording of Articles of Association.
To convert authorised capital of the Company in accordance with the Law of the Republic of Lithuania on Adoption of the Euro in the Republic of Lithuania, based on the official exchange rate of litas and euro (with 1 euro corresponding to 3,45280 litas); the value of the authorised capital of the Company shall henceforth be EUR 54 350 713, 08 (fifty four million three hundred fifty thousand seven hundred thirteen euros 8 euro cents), with the face value per share of EUR 0,29 (twenty nine euro cents).
Recalculate all monetary values indicated in the Articles of Association of the Company into euros.
Taking into consideration the adopted decisions, to amend the Articles of Association of the Company and approve the new wording of the Articles of Association .
5. Approval of the Company restructuring plan completion Act.
- To approve restructuring plan completion Act of the Company.
6. Regarding of power of attorney.
- To authorize Company shareholder Vladas Bagavičius to sign restructuring plan completion Act of the Company.
- To authorise (with the power to delegate) the General Manager of the Company to sign the new wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
7. Revocation of the current member of the Supervisory Council.
- To revoke the member of the Supervisory Council of the Company Kęstutis Juščius.
8. Election of the new member of the Supervisory Council.
- To elect Vladas Lašas as the new member of the Supervisory Council of the Company.
Attached:
1) Consolidated annual financial statements for the year 2014 and consolidated annual report of the Company for the year 2014. Audit report
2) Articles of Association of the Company
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kom espi zdz
- 08.05.2015 09:39
GPW: Komunikat - wznowienie obrotu akcjami spółki AB AGROWILL GROUP SA
08.05.2015 09:39GPW: Komunikat - wznowienie obrotu akcjami spółki AB AGROWILL GROUP SA
Zarząd Giełdy Papierów Wartościowych w Warszawie S.A. informuje, że zgodnie z postanowieniami uchwały Zarządu Giełdy Nr 406/2015 z dnia 4 maja 2015 roku, w związku z opublikowaniem przez spółkę AB AGROWILL GROUP raportu rocznego za rok 2014, począwszy od dnia 8 maja 2015 roku nastąpi wznowienie obrotu akcjami tej spółki oznaczonymi kodem "LT0000127466".
kom zdz/
- 06.05.2015 21:58
AB AGROWILL GROUP Draft resolutions of repeat shareholders meeting of Agrowill Group, AB which will take place on May 14, 2015 (amended)
06.05.2015 21:58AB AGROWILL GROUP Draft resolutions of repeat shareholders meeting of Agrowill Group, AB which will take place on May 14, 2015 (amended)
Podstawa prawna: Draft resolutions of the repeat shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on May 14, 2015 (amended).
1. Consolidated annual report of the Company for the year 2014 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2014.
Draft decision:
- To approve consolidated annual financial statements for the year 2014.
3. Approval of the profit (loss) appropriation of the Company for the year 2014.
Draft decision:
- To leave inappropriated the result of the Company for the year 2014 as indicated in the consolidated Financial Statements of the Company for the year 2014.
4. Amendments to the Articles of Association of the Company and approval of the new wording of Articles of Association.
To convert authorised capital of the Company in accordance with the Law of the Republic of Lithuania on Adoption of the Euro in the Republic of Lithuania, based on the official exchange rate of litas and euro (with 1 euro corresponding to 3,45280 litas); the value of the authorised capital of the Company shall henceforth be EUR 54 350 713, 08 (fifty four million three hundred fifty thousand seven hundred thirteen euros 8 euro cents), with the face value per share of EUR 0,29 (twenty nine euro cents).
Recalculate all monetary values indicated in the Articles of Association of the Company into euros.
Taking into consideration the adopted decisions, to amend the Articles of Association of the Company and approve the new wording of the Articles of Association.
5. Approval of the Company restructuring plan completion Act.
- To approve restructuring plan completion Act of the Company.
6. Regarding of power of attorney.
- To authorize Company shareholder Vladas Bagavičius to sign restructuring plan completion Act of the Company.
- To authorise (with the power to delegate) the General Manager of the Company to sign the new wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
7. Revocation of the current member of the Supervisory Council.
- To revoke the member of the Supervisory Council of the Company Kęstutis Juščius.
8. Election of the new member of the Supervisory Council.
- To elect Vladas Lašas as the new member of the Supervisory Council of the Company.
Attached:
1. General voting ballot .
2. Consolidated annual financial statements for the year 2014 and consolidated annual report of the Company for the year 2014. Audit report.
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kom espi zdz
- 06.05.2015 21:50
AB AGROWILL GROUP Raport okresowy roczny skonsolidowany za 2014 RS
06.05.2015 21:50AB AGROWILL GROUP Raport okresowy roczny skonsolidowany za 2014 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2014 2014 2013 Revenues 41,950 9,497 Operating profit 12,658 1,640 Profit for the period 10,304 1,496 Total comprehensive income attributable to equity holders 10,197 1,496 Net cash generated from operating activities 5,197 344 Net cash used in investing activities (6,322) 11,806 Net cash generated from financing activities (10,617) 11,615 Total assets 122,231 39,624 Total equity 56,154 19,696 Więcej na: biznes.pap.pl
kom espi zdz
- 05.05.2015 15:19
AB AGROWILL GROUP Resolution of Supervisory Board of "Agrowill Group", AB with regard to the management Board
05.05.2015 15:19AB AGROWILL GROUP Resolution of Supervisory Board of "Agrowill Group", AB with regard to the management Board
To recall Saulius Jurgelėnas as the member of management Board of the Company on his decision
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kom espi zdz
- 05.05.2015 15:14
AB AGROWILL GROUP Resolutions of management Board of "Agrowill Group", AB with regard to general Manager of the Company
05.05.2015 15:14AB AGROWILL GROUP Resolutions of management Board of "Agrowill Group", AB with regard to general Manager of the Company
Resolution of management Board of "Agrowill Group", AB with regard to election of new general Manager of the Company:
1.To recall Saulius Jurgelėnas as the general Manager of the Company on his decision;
2. To elect Linas Bulzgys as new general Manager of the Company.
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kom espi zdz
- 05.05.2015 15:11
AB AGROWILL GROUP Draft resolutions of repeat shareholders meeting of Agrowill Group, AB which will take place on May 14, 2015
05.05.2015 15:11AB AGROWILL GROUP Draft resolutions of repeat shareholders meeting of Agrowill Group, AB which will take place on May 14, 2015
Draft resolutions (on agenda items 7 and 8) of the repeat shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on May 14, 2015.
7. Revocation of the current member of the Supervisory Council.
- To revoke the member of the Supervisory Council of the Company Kęstutis Juščius.
8. Election of the new member of the Supervisory Council.
- To elect Vladas Lašas as the new member of the Supervisory Council of the Company.
Note:
after repeat shareholders meeting will take decisions on above mentioned questions, it will be proposed to Company‘s Supervisory Board to elect Kęstutis Juščius as new member of the Board. And respectively it will be proposed for Board to elect Kęstutis Juščius as new Chairman of the Board.
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kom espi zdz
- 04.05.2015 16:54
AB AGROWILL GROUP The ordinary shareholders meeting "Agrowill Group" is considered not held due to not presented quorum. The repeat shareholders Meeting is convened.
04.05.2015 16:54AB AGROWILL GROUP The ordinary shareholders meeting "Agrowill Group" is considered not held due to not presented quorum. The repeat shareholders Meeting is convened.
The ordinary Meeting of Agrowill Group AB shareholders (company code 126264360, registered address: Smolensko st. 10, Vilnius) which was called on April 30, 2015 is considered not held due to not presented quorum.
The repeat shareholders Meeting will take place on May 14, 2015 at 9.00 a.m., in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 8.30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the repeat Meeting of shareholders may participate and vote at the repeat Meeting of shareholders.
The record date of the repeat shareholders Meeting shall be May 7, 2015.
Agenda of the repeat shareholders Meeting remains the same as of not held ordinary shareholders meeting.
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kom espi zdz
- 15.04.2015 20:35
AB AGROWILL GROUP The agenda of ordinary shareholders meeting of Agrowill Group, AB which will take place on April 30, 2015 has been amended. Draft resolutions of ordinary shareholders meeting of Agrowill Group, AB
15.04.2015 20:35AB AGROWILL GROUP The agenda of ordinary shareholders meeting of Agrowill Group, AB which will take place on April 30, 2015 has been amended. Draft resolutions of ordinary shareholders meeting of Agrowill Group, AB
Podstawa prawna: The agenda of ordinary shareholders meeting of Agrowill Group, AB which will take place on April 30, 2015 has been amended. The new topics of Agenda are:
7. Revocation of the current member of the Supervisory Council.
8. Election of the new member of the Supervisory Council.
Draft resolutions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on April 30, 2015:
1. Consolidated annual report of the Company for the year 2014 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements of the Company for the year 2014.
Draft decision:
- To approve consolidated annual financial statements for the year 2014.
3. Approval of the profit (loss) appropriation of the Company for the year 2014.
Draft decision:
- To leave inappropriated the result of the Company for the year 2014 as indicated in the consolidated Financial Statements of the Company for the year 2014.
4. Amendments to the Articles of Association of the Company and approval of the new wording of Articles of Association.
Draft decision:
To convert authorised capital of the Company in accordance with the Law of the Republic of Lithuania on Adoption of the Euro in the Republic of Lithuania, based on the official exchange rate of litas and euro (with 1 euro corresponding to 3,45280 litas); the value of the authorised capital of the Company shall henceforth be EUR 54 350 713, 08 (fifty four million three hundred fifty thousand seven hundred thirteen euros 8 euro cents), with the face value per share of EUR 0,29 (twenty nine euro cents).
Recalculate all monetary values indicated in the Articles of Association of the Company into euros.
Taking into consideration the adopted decisions, to amend the Articles of Association of the Company and approve the new wording of the Articles of Association.
5. Approval of the Company restructuring plan completion Act.
Draft decision:
- To approve restructuring plan completion Act of the Company.
6. Regarding of power of attorney.
Draft decision:
- To authorize Company shareholder Vladas Bagavičius to sign restructuring plan completion Act of the Company.
- To authorise (with the power to delegate) the General Manager of the Company to sign the new wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register new Articles of Association of the Company in the Register of Legal Persons.
7. Revocation of the current member of the Supervisory Council.
Draft decision:
- To revoke the member of the Supervisory Council of the Company [_______________].
8. Election of the new member of the Supervisory Council.
Draft decision:
- To elect [_______________] as the new member of the Supervisory Council of the Company.
Note: Consolidated annual financial statements for the year 2014 and consolidated annual report of the Company for the year 2014 will be disclosed later by separate announcement, after audit will be completed.
Attached: general voting ballot and draft Articles of Association of the Company
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- 08.04.2015 15:53
AB AGROWILL GROUP Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 30 April, 2015
08.04.2015 15:53AB AGROWILL GROUP Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 30 April, 2015
On the initiative and by the decision of the Board of Agrowill Group, AB (company code 126264360, registered address Smolensko st. 10, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 30 April 2015, at 9 a.m.
The meeting will be held in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 8.30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 23 April, 2015.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2014 and report of the Auditor.
2. Approval of consolidated annual financial statements of the Company for the year 2014.
3. Approval of the profit (loss) appropriation of the Company for the year 2014.
4. Amendments to the Articles of Association of the Company and approval of the new wording of Articles of Association.
5. Approval of the Company restructuring plan completion Act.
6. Regarding of power of attorney.
The draft decisions and general ballot will be disclosed by separate notification of the Company.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of 1 litas par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 187,416,252. ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mailinfo@agrowill.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.agrowill.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company (if elected). The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.agrowill.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.agrowill.lt.
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- 07.04.2015 09:02
AB AGROWILL GROUP Agrowill Group, AB successfully fulfills its obligations of restructuring plan and provides final remaining payment to the creditors - 85 percent of creditor‘s amount
07.04.2015 09:02AB AGROWILL GROUP Agrowill Group, AB successfully fulfills its obligations of restructuring plan and provides final remaining payment to the creditors - 85 percent of creditor‘s amount
Restructuring AB "Agrowill Group" begins the final settlement with the Company's creditors. As provided in the Company's restructuring plan - the Company this week, April 7-10, 2015 will pay the remaining debts to its creditors - 85 percent of creditors claims, i.e. 2,96 million EUR.
15 percent of their claims Company's creditors received in April, 2014.
Payment for bond holders of the Company will be transfered to representative of bond holders - brokerage company UAB FMĮ Orion Securities, which is due to distribute payments to accounts of bond holders.
After final settlement with the Company's creditors in accordance with law the Company will apply to the court for the completion of the process of restructuring.
Agrowill Group, AB informs that remaining payments to the creditors of its subsidiary agricultural companies (ten companies) - 85 percent of creditors claims, i.e. 1,56 million EUR will be carried out as it is foreseen in the restructuring plans of each company till the December 2015.
Agrowill Group, AB notes that the settlement with creditors of the Agrowill Group, AB and the subsidiary companies is carried out exactly as envisaged in the restructuring plans of each company. In the third year of restructuring (starting from restructuring plans approval), i.e. in 2013-2014, it were paid 15 percent of creditors claims, and in the last year of restructuring - 2015, the remaining 85 percent of creditors claims will be settled.
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- 28.02.2015 12:33
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 4/2014 QS
28.02.2015 12:33AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 4/2014 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 4 kwartał(y) narastająco / 2014 okres od do kwartał(y) narastająco / okres od do 4 kwartał(y) narastająco / 2014 okres od 2014-01-01 do 2014-12-31 kwartał(y) narastająco / 2013 okres od 2013-01-01 do 2013-12-31 Revenues 41,950 23,915 Operating profit 11,548 2,298 Profit for the period 8,912 (1,214) Total comprehensive income attributable to equity holders 8,898 (1,026) Net cash generated from operating activities 4,392 6,385 Net cash used in investing activities (7,005) (710) Net cash generated from financing activities (10,496) (6,198) Total assets 120,714 83,464 Total equity 54,489 33,933 Więcej na: biznes.pap.pl
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- 18.02.2015 22:45
AB AGROWILL GROUP Regarding the letter of the Supervision Service of the Bank of Lithuania and the conclusion of the Property Valuation Oversight Agency
18.02.2015 22:45AB AGROWILL GROUP Regarding the letter of the Supervision Service of the Bank of Lithuania and the conclusion of the Property Valuation Oversight Agency
Agrowill Group AB received a letter of the Supervision Service of the Bank of Lithuania forwarding a conclusion of the Property Oversight Agency regarding the compliance of the business valuation report prepared by UAB OBER-HAUS nekilnojamas turtas on the valuation of the shares in UAB eTime invest and applied valuation methods (hereinafter referred to as Report) with the provisions of the Law on the Bases of Property and Business Valuation of the Republic of Lithuania (hereinafter referred to as Conclusion). The Property Valuation Oversight Agency provided a conclusion that the said Report did not comply with few provisions of the Law on the Bases of Property and Business Valuation of the Republic of Lithuania and Property and Business Valuation Methodology.
In its letter, the Supervision Service of the Bank of Lithuania advised the Company to issue a notification on the related material event, regardless that the situation with Conclusion is not finally settled yet. Taking this into account, the Company published a notification on a material event.
The Company reminds that its shareholder, Vretola Holdings Limited, during an increase in the authorised capital, subscribed to 14.151.252 new shares (with the total issue price of LTL 14.151.252) and paid for them by a 100% shareholding in UAB eTime invest, which is comprised of 6.856.500 ordinary registered shares at the par value of LTL 1.
Looking from the Company's perspective, the real importance is behind the fact that 100% shareholding in UAB eTime invest has been evaluated LTL 16.7 million, which is LTL 2.55 million more than price of subscribed shares of the Company.
The Company also observes that:
1. In its Conclusion, the Property Valuation Oversight Agency did not specify whether the business valuation report valuates the shares in UAB eTime invest too high or too low. It is mentioned about few incompliancies of applied evaluation methotolody. It is likely that even after use of indicated evaluation methods the value of 100% shareholding in UAB eTime will remain materially unchanged or would be changed by not more than LTL 2.55 million.
2. In accordance with the Law on the Bases of Property and Business Valuation of the Republic of Lithuania and case-law, a conclusion of the Property Valuation Oversight Agency is not legally binding as long as a court has not ruled otherwise and should therefore be treated only as an opinion of the Property Valuation Oversight Agency. Whereas to the Company's knowledge, UAB OBER-HAUS nekilnojamas turtas has challenged the conclusion of the Property Valuation Oversight Agency and the dispute has not been resolved in court.
3. Tik po teisinio ginčo išsprendimo paaiškės situacijos sprendimas ir ar akcijų, kurios apmokėtos Vretola Holdings Limited nepiniginiu įnašu, nominalių verčių suma turėtų būti kaip nors pakartotinai vertinama ir, pagrindui esant, patikslinama.
Thus only after settlement of dispute it will be known whether the sum of the nominal values of the shares which are paid for by the contribution in kind of Vretola Holdings Limited should be valued and, on reasonable grounds, adjusted.
Regardless of the above-mentioned aspects regarding the validity of the conclusion of the Property Valuation Oversight Agency, the Company has no grounds to doubt the competence and decisions of property valuator UAB OBER-HAUS nekilnojamas turtas.
According to the standards of transparency and information disclosure, the Company will inform on results of settlement of current situation and, on reasonable grounds, on taken actions.
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- 02.01.2015 09:43
AB AGROWILL GROUP notice on changes in the nominal value of the shares
02.01.2015 09:43AB AGROWILL GROUP notice on changes in the nominal value of the shares
On 23 July 2014 the Council of the European Union approved Lithuania's request to join the euro area on 1 January 2015. According to this on 1 January 2015 Lithuania converted its national currency from Lithuanian Litas (LTL) to Euro (EUR) based on the official (Central Bank) conversion rate which is fixed at EUR 1.00 = LTL 3.4528.
On the basis set out above, on 1 January 2015 the nominal value of Agrowill Group, AB (hereinafter, the "Company") shares were automatically converted from 1 LTL per share to 0.29 EUR per share in the Central Securities Depository of Lithuania (CSDL). The question of amendments to the Articles of Association of the Company and approval of the new wording of the Articles of Association regarding to the changes in the nominal value of the shares and the amount of the share capital shall be put on the agenda of the forthcoming Ordinary General Meeting of Shareholders of the Company.
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- 02.12.2014 09:02
AB AGROWILL GROUP Group companies of Agrowill Group, AB fulfill its obligations of restructuring plans and continue payments to the creditors
02.12.2014 09:02AB AGROWILL GROUP Group companies of Agrowill Group, AB fulfill its obligations of restructuring plans and continue payments to the creditors
Subsidiary agricultural companies of Agrowill Group - ŽŪB "Agrowill Kairėnai", ŽŪB "Agrowill Spindulys" ir ŽŪB " Agrowill Vėriškės", ŽŪB "Agrowill Skėmiai" finished their settlement with creditors under restructuring procedure. Final instalment of LTL 2.85 million was paid this week to the creditors of these companies (the first part of payment was paid in December, 2013).
Creditors of remaining subsidiary agricultural companies of Agrowill Group (ŽŪB "Agrowill Alanta", ŽŪB "Agrowill Smilgiai", ŽŪB "Agrowill Mantviliškis", ŽŪB "Agrowill Lankesa", ŽŪB "Agrowill Dumšiškės", ŽŪB "Agrowill Jurbarkai", ŽŪB "Agrowill Eimučiai", ŽŪB "Agrowill Žadžiūnai", ŽŪB "Agrowill Nausodė", ŽŪB "Agrowill Želsvelė") have received 15 percent of their creditor‘s amount - LTL 1.05 million under restructuring procedures. Creditors of these agricultural companies will receive the remaining 85 percent of their creditor‘s amount - LTL 6.24 million in December, 2015, according to the restructuring plans.
The final settlement (remaining 85 percent of creditor‘s amount, i.e LTL 10.22 million) with the creditors of
Agrowill Group, AB according to the restructuring plan will take place not later than 7th April, 2015 (the first part of payment - 1,846 mln. LTL was paid in April, 2014). Agrowill Group, AB informs that payments to the creditors of Agrowill Group, AB and it subsidiary companies will be carried out as it is foreseen in the restructuring plans of each company. On the last year of restructuring process, i.e 2015 it will be paid the remainder - 85 percent of creditors claims LTL 16.46 million.
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- 01.12.2014 08:21
AB AGROWILL GROUP Interim information of Agrowill Group AB for the 9 months period ended 30 September 2014
01.12.2014 08:21AB AGROWILL GROUP Interim information of Agrowill Group AB for the 9 months period ended 30 September 2014
The effect of the merger between Agrowill Group, AB, Baltic Champs, UAB and eTime invest, UAB is incorporated into the provided Group‘s consolidated financial statements for the 9 months period ended 30 September 2014 .
The total consolidated revenue of Agrowill Group, AB for the nine months of 2014 was LTL 96.991 million (EUR 28.091 million). For the nine months of 2013 the total consolidated revenue of Agrowill Group, AB was LTL 50.148 million (EUR 14.524 million) while the revenue of Baltic Champs, UAB was LTL 12.474 million (EUR 3.163 million).
Net profit for the first nine months of 2014 was LTL 31.696 million (EUR 9.18 million). Agrowill Group, AB had a net loss of LTL 5.326 million (EUR 1.543 million) and Baltic Champs, UAB had a net profit of LTL 2.796 million (EUR 0.81 million) over the same period a year ago.
Net profit was highly impacted by write off negative goodwill according to IFRS after merger of Agrowill Group, AB and "Baltic Champs", UAB. Net profit also was impacted by sale of the part of the land plots which haven‘t been used for direct agricultural activities.
The gross profitability of Agrowill Group, AB increased due to profitable growing of mushrooms, while the profitability of milk sales dropped due to a fall in milk prices caused by the food product embargo from Russia.
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- 01.12.2014 08:16
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 3/2014 QS
01.12.2014 08:16AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 3/2014 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 3 kwartał(y) narastająco / 2014 okres od do kwartał(y) narastająco / okres od do 3 kwartał(y) narastająco / 2014 okres od 2014-01-01 do 2014-09-30 3 kwartał(y) narastająco / 2013 okres od 2013-01-01 do 2013-09-30 Revenues 28,091 14,524 Operating profit 10,840 192 Profit (loss) for the period 9,180 (1,543) Total comprehensive income attributable to equity holders 9,118 (1,531) Net cash generated from operating activities 1,260 2,157 Net cash used in investing activities (6,220) 3,495 Net cash generated from financing activities (5,979) 1,106 Total assets 131,019 94,238 Total equity 54,756 34,089 Więcej na: biznes.pap.pl
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- 29.09.2014 17:18
AB AGROWILL GROUP Agrowill Group, AB Notification on transaction concluded by manager of the company
29.09.2014 17:18AB AGROWILL GROUP Agrowill Group, AB Notification on transaction concluded by manager of the company
Podstawa prawna: Agrowill Group, AB received notification on transaction concluded by manager of the company.
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- 26.09.2014 08:14
AB AGROWILL GROUP, AB Notifications on transactions concluded by managers of the company
26.09.2014 08:14AB AGROWILL GROUP, AB Notifications on transactions concluded by managers of the company
Podstawa prawna: Agrowill Group, AB received notifications on transactions concluded by managers of the company.
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- 01.09.2014 08:19
AB AGROWILL GROUP Interim information of Agrowill Group AB for the 6 months period ended 30 June 2014
01.09.2014 08:19AB AGROWILL GROUP Interim information of Agrowill Group AB for the 6 months period ended 30 June 2014
The effect of the merger between Agrowill Group, AB, Baltic Champs, UAB and eTime invest, UAB is incorporated into the provided Group‘s consolidated financial statements for the 6 months period ended 30 June 2014 .
The total consolidated revenue of Agrowill Group, AB for the six months of 2014 was LTL 41.891 million (EUR 12.132 million). For the six months of 2013 the total consolidated revenue of Agrowill Group, AB was LTL 18.618 million (EUR 5.262 million).
EBITDA for the six months of 2014 was LTL 11.4 million (EUR 3.3 million), as compared to LTL 5.2 million (EUR 1.5 million) in the six months of 2013.
Net profit for the six months of 2014 was LTL 44.550 million (EUR 12.902 million). It was a net loss of LTL 3.498 million (EUR 1.013 million) over same period a year ago.
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- 01.09.2014 08:10
AB AGROWILL GROUP Raport okresowy półroczny za 2014 PS
01.09.2014 08:10AB AGROWILL GROUP Raport okresowy półroczny za 2014 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2014 półrocze / półrocze / 2014 półrocze /2013 Revenues 12,132 5,392 Operating profit 14,221 159 Profit (loss) for the period 12,903 (1,013) Total comprehensive income attributable to equity holders 12,856 (982) Net cash generated from operating activities (1,566) (8) Net cash used in investing activities (6,027) (1,564) Net cash generated from financing activities (5,559) 1,263 Total assets 135,017 90,328 Total equity 61,111 Więcej na: biznes.pap.pl
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- 28.08.2014 15:06
AB AGROWILL GROUP New CEO of Agrowill Group, AB has been appointed
28.08.2014 15:06AB AGROWILL GROUP New CEO of Agrowill Group, AB has been appointed
Saulius Jurgelėnas, Chairman of the Board of Agrowill Group, AB, has been appointed as new CEO (general director) of the Company.
Marius Žutautas, previous general director of the Company since 2011, will continue his activity with the Company as member of the Board.
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- 20.06.2014 18:21
GPW: wykreśleniu akcji spółki AGROWILL z WIG i WIG-spożywczy oraz WIG-CEE
20.06.2014 18:21GPW: wykreśleniu akcji spółki AGROWILL z WIG i WIG-spożywczy oraz WIG-CEE
Giełda Papierów Wartościowych w Warszawie informuje, że na podstawie uchwał nr 42/2007 oraz 472/2012 Zarządu GPW z późn. zm., po sesji 20 czerwca 2014 r. zostanie przeprowadzona korekta nadzwyczajna list uczestników indeksów WIG, WIG-spożywczy oraz WIG-CEE polegająca na wykreśleniu akcji spółki AGROWILL (ISIN LT0000127466) z list uczestników tych indeksów.
Operacja wykreślenia akcji spółki AGROWILL z portfeli wyżej wymienionych indeksów wynika z ich metodologii, zgodnie z którą w indeksach giełdowych nie mogą uczestniczyć spółki, których liczba akcji w wolnym obrocie jest niższa niż 10%.
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- 13.06.2014 10:23
AB AGROWILL GROUP Agrowill Group, AB Notifications on transactions concluded by managers of the company
13.06.2014 10:23AB AGROWILL GROUP Agrowill Group, AB Notifications on transactions concluded by managers of the company
Podstawa prawna: Agrowill Group, AB received notifications on transactions concluded by managers of the company (attached).
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- 13.06.2014 08:43
AB AGROWILL GROUP The report on the implementation of mandatory non-competitive tender offer was received
13.06.2014 08:43AB AGROWILL GROUP The report on the implementation of mandatory non-competitive tender offer was received
On 13 June 2014 AB "Agrowill Group" received a report from its shareholders Baltic Champs Group, UAB, Vretola Holdings Limited, Volemer Holdings Limited, UAB "Eastern Agro Holdings", UAB Sauledra, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius and Domantas Savičius on the implementation of the mandatory non-competitive tender offer.
Through the implementation period of the tender offer the offerors bought-up 8 631 224 ordinary registered shares of AB "Agrowill Group", with nominal value of LTL 1 each (ISIN code LT0000127466), which represent 4,61 percent of voting rights at the general meeting of shareholders of the company.
The report on the implementation of the tender offer is attached hereto.
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- 03.06.2014 15:07
AB AGROWILL GROUP Presentation of Agrowill Group, AB, which will be presented at the conference CEO Meets Investor, organised by NASDAQ OMX Vilnius, on 3 June 2014
03.06.2014 15:07AB AGROWILL GROUP Presentation of Agrowill Group, AB, which will be presented at the conference CEO Meets Investor, organised by NASDAQ OMX Vilnius, on 3 June 2014
Podstawa prawna: Please find attached presentation of Agrowill Group, AB, which will be presented at the conference CEO Meets Investor, organised by NASDAQ OMX Vilnius, on 3 June 2014
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- 30.05.2014 17:10
AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 1/2014 QS
30.05.2014 17:10AB AGROWILL GROUP Raport okresowy kwartalny skonsolidowany 1/2014 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 1 kwartał(y) narastająco / 2014 okres od do kwartał(y) narastająco / okres od do 1 kwartał(y) narastająco / 2014 okres od 2014-01-01 do 2014-03-31 1 kwartał(y) narastająco / 2013 okres od 2013-01-01 do 2013-03-31 Revenues 3,515 2,901 Operating profit 715 (225) Profit (loss) for the period 299 (721) Total comprehensive income attributable to equity holders 288 (699) Net cash generated from operating activities (691) 1,730 Net cash used in investing activities (1,026) (374) Net cash generated from financing activities (1,084) (2,138) Total assets 85,395 87,192 Total equity 34,231 Więcej na: biznes.pap.pl
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- 27.05.2014 08:45
AB AGROWILL GROUP Agrowill Group, AB and DNB bank, AB signed an agreement to merge and to prolong repayment of loan
27.05.2014 08:45AB AGROWILL GROUP Agrowill Group, AB and DNB bank, AB signed an agreement to merge and to prolong repayment of loan
On April 30th, 2014, in it's annual report Agrowill Group, AB has announced that in April 2014, an agreement was reached with DnB Bank AB to merge all loans issued to agriculture subsidiaries under restructuring- into one loan agreement.
A complex of reorganization of restructuring liabilities result from combining these loans into a single loan agreement - the total amount owed to the bank -i.e LTL 33,6 million- did not increase. The new loan amount issued will be used to repay the old restructuring liabilities for which assets of restructured entities were pledged.
The new issued loan has a 5 year repayment schedule with around 40 per cent of amount (LTL 14,8 million) bulleted for year 2019.
The final new loan issue and repayment of old loans will be finalized as soon as documentary preparation (change of mortgage papers and etc.) will be over.
Taking into consideration this complex decision of reorganisation of restructuring liabilities against DNB bank, AB and also the fact that in April, 2014 parent company Agrowill Group, AB has made payment in time according to restructuring plan - 15 percent of its creditors‘ amount, the Company informs that Group's restructuring liabilities decreased from LTL 54,6 million (as of 31st December, 2014) down to LTL 20,4 million.
The Company will continue to give maximum effort and will work as quickly as possible to complete the process of restructuring.
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- 22.05.2014 18:00
AB AGROWILL GROUP Opinion of the Board of AB Agrowill Group about the submitted mandatory non-competitive tender offer to buy shares of the company
22.05.2014 18:00AB AGROWILL GROUP Opinion of the Board of AB Agrowill Group about the submitted mandatory non-competitive tender offer to buy shares of the company
Podstawa prawna: The Board of AB Agrowill Group, having familiarised itself with the mandatory non-competitive tender offer material presented to it by Baltic Champs Group, UAB, Vretola Holdings Limited, Volemer Holdings Limited, UAB "Eastern Agro Holdings", UAB Sauledra, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius and Domantas Savičius, in its meeting held on 22 May 2014 made the following statement (attached).
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- 20.05.2014 13:56
Akcjonariusze Agrowill Group ogłosili wezwanie na pozostałe akcje spółki po 0,29 euro za akcję
20.05.2014 13:56Akcjonariusze Agrowill Group ogłosili wezwanie na pozostałe akcje spółki po 0,29 euro za akcję
Cena w wezwaniu stanowi równowartość 1,21 zł na akcję.
Termin obowiązywania wezwania ustalono na 14 dni kalendarzowych.
Wezwanie obejmuje 33.456.444 akcje Agrowill Group.
Najwięksi akcjonariusze Agrowill Group mają obecnie 153.959.808 akcji, stanowiących 82,15 proc. głosów na WZ spółki. (PAP)
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- 20.05.2014 13:30
AB AGROWILL GROUP Regarding approval of the circular of the non-competitive mandatory tender offer
20.05.2014 13:30AB AGROWILL GROUP Regarding approval of the circular of the non-competitive mandatory tender offer
Podstawa prawna: On 20 May 2014 AB Agrowill Group received a notification from the company's shareholders Baltic Champs Group, UAB, Vretola Holdings Limited, Volemer Holdings Limited, UAB "Eastern Agro Holdings", UAB Sauledra, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius and Domantas Savičius about the decision of the Bank of Lithuania to approve the circular of a non-competitive mandatory tender offer to buy up the remaining ordinary registered voting shares of AB Agrowill Group.
The tender offer price is EUR 0.29 per 1 (one) ordinary registered share of AB Agrowill Group LTL 1 (one litas) par value (ISIN code LT0000127466) each (equivalent in litas is LTL 1, equivalent in zloty as on the day of circular is PLN 1.21). Commencement of the implementation of the tender offer is on 26 May 2014, termination - on 9 June 2014.
Comprehensive conditions of the tender offer are presented in the circular (in English and in Polish languages) attached (please see the annexes). A summary of circular (in English and in Polish languages) is also attached thereof.
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- 14.05.2014 15:00
AB AGROWILL GROUP Chairman of the management Board of "Agrowill Group", AB appointed
14.05.2014 15:00AB AGROWILL GROUP Chairman of the management Board of "Agrowill Group", AB appointed
Saulius Jurgelėnas appointed as a chairman of the management Board of Agrowill Group, AB as of 14.05.2014
On 08.05.2014 the Company announced that members of the management Board of the Company have been elected for the new term of office:
Saulius Jurgelėnas;
Marijus Bakas;
Linas Bulzgys;
Domantas Savičius;
Linas Strėlis;
Marius Žutautas;
Vladas Bagavičius.
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- 09.05.2014 08:20
AB AGROWILL GROUP Resolutions of Supervisory Council of "Agrowill Group", AB with regard to recall of the management Board and election of new management Board
09.05.2014 08:20AB AGROWILL GROUP Resolutions of Supervisory Council of "Agrowill Group", AB with regard to recall of the management Board and election of new management Board
Resolutions of Supervisory Board of "Agrowill Group", AB with regard to the management Board:
1.To recall the management Board of the Company in corpore regarding new wording of the Articles of Association;
2. To elect members of the management Board of the Company for the new term of office:
Marijus Bakas;
Saulius Jurgelėnas;
Linas Bulzgys;
Domantas Savičius;
Linas Strėlis;
Marius Žutautas;
Vladas Bagavičius.
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- 06.05.2014 08:12
AB AGROWILL GROUP Additional information to Annual report of Agrowill Group AB
06.05.2014 08:12AB AGROWILL GROUP Additional information to Annual report of Agrowill Group AB
Podstawa prawna: According to the Rules approved by Bank of Lithuania on preparation and diclosure of periodical and additional information, hereby we provide additional information to Annual report of Agrowill Group, AB.
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- 30.04.2014 23:25
AB AGROWILL GROUP Resolutions of the ordinary shareholders meeting of "Agrowill Group" AB which took place on April 30, 2014
30.04.2014 23:25AB AGROWILL GROUP Resolutions of the ordinary shareholders meeting of "Agrowill Group" AB which took place on April 30, 2014
Podstawa prawna: Resolutions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which took place on April 30, 2014:
1. Consolidated annual report of the Company for the year 2013 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements for the year 2013.
Decision:
- To approve consolidated annual financial statements for the year 2013.
3. Approval of the profit (loss) appropriation of the Company for the year 2013.
Decision:
- To leave inappropriated the result of the Company for the year 2013 as indicated in the consolidated Financial Statements of the Company for 2013.
4. Election of the auditor of the Company.
Decision:
-To elect KPMG Baltics, UAB as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2014 and 2015 financial years. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case not more than 99.000 LTL (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
All documents possessed by the Company related to the agenda and decisions of the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
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- 30.04.2014 08:00
AB AGROWILL GROUP Draft resolutions of ordinary shareholders meeting of "Agrowill Group" which will take place April 30, 2014 (AMENDED)
30.04.2014 08:00AB AGROWILL GROUP Draft resolutions of ordinary shareholders meeting of "Agrowill Group" which will take place April 30, 2014 (AMENDED)
Podstawa prawna: Draft resolutions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on April 30, 2014:
1. Consolidated annual report of the Company for the year 2013 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements for the year 2013.
Draft decision:
- To approve consolidated annual financial statements for the year 2013.
3. Approval of the profit (loss) appropriation of the Company for the year 2013.
Draft decision:
- To leave inappropriated the result of the Company for the year 2013 as indicated in the consolidated Financial Statements of the Company for 2013.
4. Election of the auditor of the Company.
Draft decision:
-To elect KPMG Baltics, UAB as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2014 and 2015 financial years. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case not more than 99.000 LTL (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
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- 30.04.2014 08:00
AB AGROWILL GROUP Raport okresowy roczny skonsolidowany za 2013 RS
30.04.2014 08:00AB AGROWILL GROUP Raport okresowy roczny skonsolidowany za 2013 RS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 2013 2013 2012 Revenues 23,915 25,107 Operating profit 2,298 4,062 Profit (loss) for the period (1,214) 1,708 Total comprehensive income attributable to equity holders (1,026) 1,566 Net cash generated from operating activities 6,385 6,759 Net cash used in investing activities (710) 4,680 Net cash generated from financing activities (6,198) (1,974) Total assets 83,464 85,504 Total equity 33,933 Więcej na: biznes.pap.pl
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- 28.04.2014 22:53
AB AGROWILL GROUP Newly issued shares of Agrowill Group, AB were introduced to trading on the Warsaw Stock Exchange
28.04.2014 22:53AB AGROWILL GROUP Newly issued shares of Agrowill Group, AB were introduced to trading on the Warsaw Stock Exchange
On 28th of April 2014 the Management Board of the Warsaw Stock Exchange approved the application of Agrowill Group, AB (hereinafter, the "Company") for introduction to trading of 102,595,266 shares of the new issue on the parallel market of the Warsaw Stock Exchange and admitted the shares to trading.
The new issue of the shares was issued by way of increase of the authorised capital of the Company under the decisions of the general meeting of shareholders of the Company, dated 13 March 2014. Thus, following the admission, as indicated above all the shares of the Company (187,416,252 units) are listed on AB NASDAQ OMX Vilnius and the Warsaw Stock Exchange.
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- 28.04.2014 12:38
GPW: Dopuszczenie do obrotu akcji spółki AB AGROWILL GROUP
28.04.2014 12:38GPW: Dopuszczenie do obrotu akcji spółki AB AGROWILL GROUP
Uchwała Nr 507/2014
Zarządu Giełdy Papierów Wartościowych w Warszawie S.A.
z dnia 28 kwietnia 2014 r.
w sprawie dopuszczenia i wprowadzenia do obrotu giełdowego na Głównym Rynku GPW akcji zwykłych spółki AB AGROWILL GROUP
z siedzibą w Wilnie
§ 1
Zarząd Giełdy stwierdza, że zgodnie z § 19 ust. 1 Regulaminu Giełdy do obrotu giełdowego na rynku równoległym dopuszczonych jest 102.595.266 (sto dwa miliony pięćset dziewięćdziesiąt pięć tysięcy dwieście sześćdziesiąt sześć) akcji zwykłych spółki AB AGROWILL GROUP, o wartości nominalnej 1 LTL (jeden lit litewski) każda.
§ 2
Na podstawie § 38 ust. 1 i 3 Regulaminu Giełdy, Zarząd Giełdy postanawia wprowadzić z dniem 30 kwietnia 2014 r. w trybie zwykłym do obrotu giełdowego na rynku równoległym akcje spółki AB AGROWILL GROUP, o których mowa w § 1, rejestrowane przez Krajowy Depozyt Papierów Wartościowych S.A. pod kodem "LT0000127466".
§ 3
Uchwała wchodzi w życie z dniem podjęcia.
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- 23.04.2014 08:33
AB AGROWILL GROUP Draft resolutions of ordinary shareholders meeting of "Agrowill Group" which will take place April 30, 2014
23.04.2014 08:33AB AGROWILL GROUP Draft resolutions of ordinary shareholders meeting of "Agrowill Group" which will take place April 30, 2014
Podstawa prawna: Draft resolutions of the ordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which will take place on April 30, 2014:
1. Consolidated annual report of the Company for the year 2013 and report of the Auditor:
- Taken for the information.
2. Approval of consolidated annual financial statements for the year 2013.
Draft decision:
- To approve consolidated annual financial statements for the year 2013.
3. Approval of the profit (loss) appropriation of the Company for the year 2013.
Draft decision:
- To leave inappropriated the result of the Company for the year 2013 as indicated in the consolidated Financial Statements of the Company for 2013.
4. Election of the auditor of the Company.
Draft decision:
-To elect [..........] as the Company's audit enterprise to perform the audit of the Group financial statements (including - consolidated) for the 2014 and 2015 financial years. To authorize the Company's general manager or any member of the Board to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case not more than [..........] LTL (VAT excluded) per year for the audit of the Company's financial statements (including - consolidated).
Note: Consolidated annual financial statements for the year 2013 and consolidated annual report of the Company 2013 will be disclosed later by separate announcement.
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- 22.04.2014 10:54
AB AGROWILL GROUP Notification about the intention to submit a non-competitive mandatory tender offer
22.04.2014 10:54AB AGROWILL GROUP Notification about the intention to submit a non-competitive mandatory tender offer
On 22 April 2014 AB Agrowill Group received a notification that (i) Baltic Champs Group, UAB, code 145798333, with its registered office at Šiaulių distr. municip. Poviliškių vill., Lithuania, (ii) Vretola Holdings Limited, code HE 270472, with its registered office at Stylianou Lena, 18, Pallouriotissa, 1046, Nicosia, Cyprus, (iii) Volemer Holdings Limited, code HE 268133, with its registered office at Avlonos str. 1, Maria House 5th floor, CY 1075 Nicosia, Cyprus, (iv) UAB "Eastern Agro Holdings", code 300125868, with its registered office at Smolensko st. 10, Vilnius, Lithuania, (v) UAB Sauledra, code 302873255, with its registered office at Mindaugo st. 14B-14, Vilnius, Lithuania, (vi) Romualdas Antanas Petrošius, (vii) Aldona Petrošienė, (viii) Jurgis Petrošius, (ix) Marius Žutautas, (x) Vladas Bagavičius and (xi) Domantas Savičius (hereinafter jointly referred to as the "Offer Submitters"), intend to submit a non-competitive mandatory tender offer to buy up the remaining 33,456,444 (thirty three million four hundred fifty six thousand four hundred forty four) ordinary registered shares of AB Agrowill Group (legal form: public limited liability company, legal entity code 126264360, registered at Smolensko st. 10, Vilnius, Lithuania, data about the company are collected and kept in the Register of Legal Persons of the Republic of Lithuania) with the par value of LTL 1 (one litas) each, constituting 17.85% (seventeen and eighty five hundredths percent) of shares and votes carried by them at the general meeting of shareholders of AB Agrowill Group.
The Offer Submitters acquired more that 1/3 (one third) of shares of AB Agrowill Group on 17 April 2014, following increase of the company's authorized capital according to the decisions of the general meeting of shareholders, dated 13 March 2014 and registration of new shares with the Central Securities Depository of Lithuania and following signature with the company the shareholders' agreement. On the day of this notification the Offer Submitters collectively hold 153,959,808 (one hundred fifty three million nine hundred fifty nine eight hundred eight) ordinary registered shares of AB Agrowill Group with the par value of LTL 1 (one litas) each, constituting 82.15% (eighty two and fifteen hundredths percent) of shares and votes carried by them at the general meeting of shareholders of AB Agrowill Group.
Intended way of settlement for the securities to be bought up is in cash.
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- 22.04.2014 10:37
AB AGROWILL GROUP Notification on the acquisition of voting rights (change of the share in the total number of votes)
22.04.2014 10:37AB AGROWILL GROUP Notification on the acquisition of voting rights (change of the share in the total number of votes)
On 22 April 2014 AB Agrowill Group received a notification of Baltic Champs Group, UAB, Vretola Holdings Limited, Volemer Holdings Limited, UAB "Eastern Agro Holdings", UAB Sauledra, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius and Domantas Savičius on the acquisition of voting rights (change of the share in the total number of votes). The threshold that was crossed - 75%, the reason for crossing the threshold - increase of the authorised capital of the company according to the decisions of the extraordinary general meeting of shareholders of 13 March 2014, as well as the signature of the shareholders' agreement, dated 15 April 2014 between the company and its aforementioned shareholders.
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- 16.04.2014 09:12
AB AGROWILL GROUP Regarding mandatory tender offer to to buy up the remaining voting securities of the Company, also with regard the price of mandatory tender offer
16.04.2014 09:12AB AGROWILL GROUP Regarding mandatory tender offer to to buy up the remaining voting securities of the Company, also with regard the price of mandatory tender offer
Agrowill Group AB informs that upon receipt of announcements from Company‘s shareholders of acquisition of votes, also on mandatory tender offer to to buy up the remaining voting securities of the Company, also notification on established price of mandatory tender offer , - the Company will diclose such information publicly according to regulation.
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- 15.04.2014 15:08
AB AGROWILL GROUP Transaction on the merger of AB Agrowill Group with other companies was closed
15.04.2014 15:08AB AGROWILL GROUP Transaction on the merger of AB Agrowill Group with other companies was closed
Podstawa prawna: AB Agrowill Group (hereinafter, the Company) hereby informs that on 15 April 2014 the documents regarding closing of the transaction on merger of the Company with other companies was signed according to the Framework Merger Agreement, dated 14 February 2014 (hereinafter, the Agreement), as it is foreseen in the Company's notification on material event of 20 February 2014.
During the closing of the transaction under the Agreement inter alia the following actions were executed:
(i) The Company has signed with Baltic Champs Group, UAB the Share Subscription Agreement of new shares, being issued under the decisions of the extraordinary general meeting of shareholders of the Company, dated 13 March 2014 (hereinafter, the New Shares), according to which Baltic Champs Group, UAB subscribed 88,444,014 New Shares (total issue price LTL 88,444,014), as well as paid for them with 100% Baltic Champs, UAB block of shares, consisting of 629,100 ordinary registered shares LTL 100 par value each;
(ii) The Company has signed with Vretola Holdings Limited the Share Subscription Agreement of New Shares, according to which Vretola Holdings Limited subscribed 14,151,252 New Shares (total issue price LTL 14,151,252), as well as paid for them with 100% UAB eTime invest block of shares, consisting of 6,856,500 ordinary registered shares LTL 1 par value each;
(iii) Apart from subscription of the New Shares Baltic Champs Group, UAB additionally acquired from Vretola Holdings Limited a block of Company's 5,622,488 shares for a total price of LTL 5,622,488;
(iv) Under the Share Sale-Purchase Agreement, concluded by the Company and Kęstutis Juščius, the Company has acquired from the seller 100% of shares of agricultural companies owned by him - UAB AGRO Ramučiai (legal entity code 302854479) and UAB Luganta (legal entity code 300045023). The total price of these shares is LTL 5,705,215, out of which LTL 356,867.45 will be paid for shares of UAB AGRO Ramučiai and LTL 5,348,347.55 - for shares of UAB Luganta;
(v) The Company has entered into the Shareholders' Agreement with Volemer Holdings Limited, Vretola Holdings Limited, UAB "Eastern Agro Holdings", UAB Sauledra, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius, Domantas Savičius and Baltic Champs Group, UAB, which, in addition to the issues of the management of the Company, also establishes that after the closing of the merger transaction under the Agreement, the mandatory tender offer to buy the remaining voting shares of the Company will be submitted and implemented by the above-indicated current shareholders of the Company together with the new shareholder Baltic Champs Group, UAB pro rata to the number of the Company shares held by them.
The Company further informs that on 15 April 2014 the Articles of Association of the Company with the increased authorised capital to up to LTL 187,416,252 were registered with the Register of Legal Persons, and the Central Securities Depository of Lithuania announced a stock event regarding registration of the New Shares (102,595,266 units). Taking into consideration the aforementioned, on 17 April 2014 the New Shares should be registered with the depository and automatically introduced into trading on the Secondary List of AB NASDAQ OMX Vilnius. The same procedures will follow with Polish National Depository for Securities - KDPW and Warsaw Stock Exchange.
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- 09.04.2014 21:47
AB AGROWILL GROUP Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 30 April, 2014
09.04.2014 21:47AB AGROWILL GROUP Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 30 April, 2014
On the initiative and by the decision of the Board of Agrowill Group, AB (company code 126264360, registered address Smolensko st. 10, Vilnius, hereinafter - the Company) the ordinary general meeting of shareholders of the Company is being convened on 30 April 2014, at 10 a.m.
The meeting will be held in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 09.30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 23 April, 2014.
Agenda of the Meeting:
1. Consolidated annual report of the Company for the year 2013 and report of the Auditor.
2. Approval of consolidated annual financial statements for the year 2013.
3. Approval of the profit (loss) appropriation of the Company for the year 2013.
4. Election of the auditor of the Company .
The draft decisions and general ballot will be disclosed by separate notification of the Company.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of 1 litas par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 84,820,986. ISIN code of the Company's shares is LT0000127466.
Important notice - the Company will issue separate notification in case the share capital of the Company will be increased (according to the decisions of extraordinary shareholders meeting as of 13 March, 2014) before record date of the meeting.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@agrowill.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.agrowill.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company. The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.agrowill.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.agrowill.lt.
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- 07.04.2014 08:59
AB AGROWILL GROUP Agrowill Group, AB fulfill its obligations of restructuring plan and made first payment to the creditors
07.04.2014 08:59AB AGROWILL GROUP Agrowill Group, AB fulfill its obligations of restructuring plan and made first payment to the creditors
Restructuring AB "Agrowill Group" made first payment in time according to restructuring plan - 15 percent of its creditors‘ amount (in total LTL 1,846 million).
Payment for bond holders of the Company has been transfered to representative of bond holders - brokerage company UAB FMĮ Orion Securities, which is due to distribute payments to accounts of bond holders.
Other Group‘s subsidiaries (according to their restructuring plans) will pay 15 percent to their creditors till 1st December, 2014.
Agrowill Group, AB informs that payments to the creditors of Agrowill Group, AB and it subsidiary companies will be carried out as it is foreseen in the restructuring plans of each company. On the third year, i.e. 2013 -2014, it be paid 15 percent of total amount, and on the last year of restructuring process it will be paid the remainder - 85 percent of creditors claims.
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- 02.04.2014 07:49
AB AGROWILL GROUP The Competition Council cleared acquisition by Baltic Champs Group
02.04.2014 07:49AB AGROWILL GROUP The Competition Council cleared acquisition by Baltic Champs Group
On 1 April 2014, the Competition Council cleared acquisition by Baltic Champs Group, UAB of 50,2 per cent Agrowill Group, AB shares and acquisition of sole control of Agrowill Group, AB.
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- 31.03.2014 17:39
AB AGROWILL GROUP Approved prospectus on admission of shares of Agrowill Group, AB to regulated markets
31.03.2014 17:39AB AGROWILL GROUP Approved prospectus on admission of shares of Agrowill Group, AB to regulated markets
Podstawa prawna: On 31 March 2014 the Bank of Lithuania approved the prospectus on admission of new ordinary registered shares of Agrowill Group, AB (hereinafter, the "Company") to trading on the regulated markets (AB NASDAQ OMX Vilnius and Warsaw Stock Exchange) (hereinafter, the "Prospectus", please see the attached documents).
The approved Prospectus does not foresee the public offering of Company's shares, and the Prospectus is designated solely for the purpose of admission of up to 102,595,266 units of Company's shares, to be newly issued during the increase of the authorised capital, to trading on the aforementioned regulated markets.
The new shares of the Company will be issued following the withdrawal of all the current Company's shareholders the pre-emptive right to acquire the shares and entitling Baltic Champs Group, UAB and Vretola Holdings Limited to acquire them, having the aim to extend crop activities conducted by the group of companies of Agrowill Group, AB as well as to launch a champignon growing business and other activities in connection therewith, as it is foreseen by the decisions of the extraordinary general meeting of shareholders of the Company, dated 13 March 2014.
The Prospectus is published through GlobeNewswire, the on-line information system of AB NASDAQ OMX Vilnius, as well as through on-line information system of the Warsaw Stock Exchange and on the Company's website http://www.agrowill.lt.
IMPORTANT NOTICE:
This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate and/or is illegal.
Distribution of this announcement and other information in connection with the increase of the Company's authorised capital may be restricted by law in certain jurisdictions. Persons into whose possession this notification or such other information should come are required to inform themselves about and to observe any such restrictions.
No offer or invitation to acquire securities of the Company is being made by or in connection with this notification and in connection with the Prospectus, which is designated exclusively for the purpose of admission of new shares of the Company to trading on the regulated markets. The Prospectus is the only legally binding document related to admission of new shares of the Company to trading on the indicated regulated markets, containing information on the Company, increase of its authorised capital under the decisions of the general meeting of shareholders of the Company, dated 13 March 2014, etc.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States and/or in any other states.
Vladas Bagavičius
Chairman of the Board
+370 5 233 5340
Więcej na: biznes.pap.pl
kom espi abs/
- 28.03.2014 07:39
AB AGROWILL GROUP Chairman of the Supervisory Council of Agrowill Group, AB has been appointed
28.03.2014 07:39AB AGROWILL GROUP Chairman of the Supervisory Council of Agrowill Group, AB has been appointed
Kęstutis Juščius has been appointed as a Chairman of the new Supervisory Council of Agrowill Group, AB.
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kom espi mra
- 13.03.2014 16:25
AB AGROWILL GROUP Resolutions of the extraordinary shareholders meeting of "Agrowill Group" AB which took place on March 13, 2014
13.03.2014 16:25AB AGROWILL GROUP Resolutions of the extraordinary shareholders meeting of "Agrowill Group" AB which took place on March 13, 2014
Resolutions of the extraordinary shareholders meeting of Agrowill Group AB (company code 126264360, registered address: Smolensko st. 10, Vilnius) which took place on March 13, 2014:
1. Increase of the authorised capital of the Company with additional non-monetary contributions.
Decision:
- To increase the authorised capital of the Company with additional non-monetary contributions from LTL 84,820,986 (eighty four million eight hundred twenty thousand nine hundred eighty six litas) to LTL 187,416,252 (one hundred eighty seven million four hundred sixteen thousand two hundred fifty two litas), by issuing no more than 102,595,266 (one hundred two million five hundred ninety five thousand two hundred sixty six) ordinary registered shares LTL 1 (one litas) par value each (hereinafter - the New Shares).
The issue price of each newly issued ordinary registered share of the Company, the total number of which may be up to 102,595,266 (one hundred two million five hundred ninety five thousand two hundred sixty six), is LTL 1 (one litas). The total issue price of the New Shares is up to LTL 102,595,266 (one hundred two million five hundred ninety five thousand two hundred sixty six litas), depending on the final number of the New Shares to be issued.
2. Withdrawal of the pre-emptive right of the Company's shareholders to acquire newly issued shares of the Company and granting of the right to acquire newly issued shares of the Company.
Decision:
- Following paragraph 1(15) of Article 20 and paragraph 5 of Article 57 of the Law on Companies of the Republic of Lithuania, also referring to the announcement of the Board of the Company regarding the withdrawal of the pre-emptive right of the Company's shareholders to acquire newly issued shares of the Company and granting of the right to acquire the shares, to withdraw the pre-emptive right of all the shareholders of the Company to acquire up to 102,595,266 (one hundred two million five hundred ninety five thousand two hundred sixty six) ordinary registered shares to be issued by the Company. To establish that all up to 102,595,266 (one hundred two million five hundred ninety five thousand two hundred sixty six) ordinary registered shares of the Company LTL 1 (one litas) par value each will be subscribed and acquired by Baltic Champs Group UAB, code 145798333, registered at Šiauliai district municipality, Poviliškiai village, Lithuania, and by Vretola Holdings Limited, code HE 270472, registered at Stylianou Lena, 18, Pallouriotissa, 1046, Nicosia, Cyprus. From this number of New Shares 88,444,014 (eighty eight million four hundred forty four thousand fourteen) shares will be subscribed and acquired by Baltic Champs Group UAB and 14,151,252 (fourteen million one hundred fifty one thousand two hundred fifty two) shares by Vretola Holdings Limited.
To set that the period for subscription of the newly issued shares is 3 (three) months as of the date of adoption of this resolution. Newly issued shares having nominal value and issue price of LTL 1 (one litas), will be paid by the following non-monetary contributions:
(iii) by the block of 100 percent of shares of Baltic Champs, UAB (code 302942064, registered at Šiauliai district municipality, Poviliškiai village, Lithuania), held by Baltic Champs Group UAB which consists of 629,100 (six hundred twenty nine thousand one hundred) ordinary registered shares LTL 100 (one hundred litas) par value each;
(iv) by the block of 100 percent of shares of UAB "eTime invest" (code 300578676, registered at Saltoniškių st. 29, Vilnius, Lithuania), held by Vretola Holdings Limited which consists of 6,856,500 (six million eight hundred fifty six thousand five hundred) ordinary registered shares LTL 1 (one litas) par value each.
Value of the non-monetary contribution determined by the independent asset appraiser has to be no less than the issue price of the New Shares to be acquired.
If not all the New Shares are subscribed for within the time limit the authorised capital of the Company may be increased by the nominal value of the subscribed shares. In this case the Board of the Company shall be authorised to decide if the increase of the authorised capital of the Company has still taken place disregarding that not all the New Shares were subscribed and (if so) the authorised capital of the Company shall be increased by the nominal value of the subscribed shares.
To establish that the pre-emptive right of Company's shareholders to acquire the New Shares is withdrawn for the reasons, indicated in the announcement of the Company's Board of 19 February 2014 regarding withdrawal of the pre-emptive right of shareholders of the Company and rendering the right on acquisition of shares, i.e.: (i) aiming to extend crop activities conducted by the group of companies AB "Agrowill Group" as well as to launch a champignon growing business as well as other activities in connection therewith; (ii) taking into consideration that the Company intends to proceed with the capital increase by transferring the aforementioned non-monetary contributions of Baltic Champs Group, UAB and Vretola Holdings Limited (shares of the companies, held by them), and not by paying the shares by cash, as well as aiming (iii) that the capital increase of the Company is not dragged in time and aiming to have the necessary flexibility in the process, successful closing of which is dependable inter alia on the permissions of the respective state institutions and third parties for the transaction (e.g. Competition Council, creditors of the respective parties to the transaction), which may be not provided. Furthermore, this capital increase of the Company is being executed with an aim of expansion of activities conducted by the group of companies AB "Agrowill Group" by raising additional investments, and following the arrangements reached with the potential investors Baltic Champs Group, UAB and Vretola Holdings Limited regarding the shareholders' structure of the Company after its capital increase, capital increase without withdrawal of the pre-emptive right of the current Company's shareholders would not ensure such shareholders' structure. For this reason the transaction itself and indicated foreseen investments into the Company would not be executed at all.
3. Increase of the number of the Board members of the Company.
Decision:
- To increase the number of the Board members of the Company from 5 (five) to 7 (seven).
4. Revocation of the current Supervisory Council of the Company and election of the new members of the Supervisory Council.
Decision:
- To revoke the current Supervisory Council of the Company in corpore
- To elect the following persons as the new members of the Supervisory Council of the Company:
Kęstutis Juščius;
Gediminas Žiemelis;
Aurimas Sanikovas;
Rimantas Rudzkis;
Liudas Navickas.
5. Amendments to the Articles of Association of the Company and approval of the new wording of Articles of Association.
Decision:
Taking into consideration the adopted decisions to increase the number of Board members of the Company, to increase the authorised capital of the Company as well as the requirements of the new wording of Law on Companies of the Republic of Lithuania, to approve the new wording of Articles of Association of the Company, which is annexed to the minutes of the meeting.
To authorise (with the power to delegate) the General Manager of the Company to sign the new wording of Articles of Association of the Company as well as to sign any and all documents and execute any actions in order to register the new Supervisory Council members and the increase of the authorised capital of the Company with the Register of Legal Persons.
If not all the New Shares are subscribed for during the intended share subscription period and the Board of the Company decides to hold that the increase of the authorised capital of the Company has still taken place, to obligate the Board of the Company to amend the amount of the authorised capital and the number of shares indicated in the Articles of Association of the Company accordingly.
6. Admission of the new shares of the Company to trading on the regulated markets NASDAQ OMX Vilnius AB and on the Warsaw Stock Exchange and granting of authorisations to the Board of the Company to execute all the actions in connection therewith
Decision:
- To initiate the admission of New Shares to trading on the regulated markets NASDAQ OMX Vilnius AB and on the Warsaw Stock Exchange and to authorise and obligate the Board of the Company to execute all the actions in connection therewith (including, without limitation, to prepare, approve and provide for approval of the Bank of Lithuania the prospectus of admission of the New Shares to trading on the indicated regulated markets).
All documents possessed by the Company related to the agenda and decisionsof the Meeting, are available at the headquarters of Agrowill Group AB, Smolensko st. 10, Vilnius, Lithuania (tel. +370 5 233 53 40) and also available online at www.agrowill.lt
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kom espi zdz
- 12.03.2014 08:53
AB AGROWILL GROUP On the amended draft decision on the issue No. 4 of the agenda
12.03.2014 08:53AB AGROWILL GROUP On the amended draft decision on the issue No. 4 of the agenda
Podstawa prawna: Following the proposal of the Company's shareholders (having right of innitiative according to the Law on Companies) the draft resolution on issue No. 4 of the agenda of the Meeting is amended by additional candidate to the Supervisory Council:
-Liudas Navickas
Therefore, the curent wording of draft resolution on issue No. 4 of the agenda of the Meeting:
"4. Revocation of the current Supervisory Council of the Company and election of the new members of the Supervisory Council:
4.1. To revoke the current Supervisory Council of the Company in corpore.
4.2. To elect the candidates having received the most votes during the general meeting of shareholders of the Company as the new members of the Supervisory Council. To offer to the meeting the election of the following persons to the Supervisory Council of the Company:
1.Kęstutis Juščius;
2.Gediminas Žiemelis;
3.Aurimas Sanikovas;
4.Rimantas Rudzkis;
5.Romanas Kančauskas;
6.Liudas Navickas."
The Company presented the information provided for in applicable legal acts, which must be presented when informing about the convocation of the meeting, on 20 February 2014 when notifying about the material event.
Also the Company presented additional information on 28 February 2014 when notifying about the material event.
An updated general voting ballot paper as well as a short presentation of the additional proposed candidate to the Company's Supervisory Council are enclosed herewith.
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kom espi zdz
- 04.03.2014 17:56
AB AGROWILL GROUP Notification about acquisition of a block of shares of Agrowill Group, AB
04.03.2014 17:56AB AGROWILL GROUP Notification about acquisition of a block of shares of Agrowill Group, AB
Podstawa prawna: Agrowill Group, AB has received a notification from:
1) Vretola Holdings Limited - regarding acquisition of voting rights. The declared limit reached - 20 percent . The reason for overstepping the limit - acquisition of voting rights by OTC transaction.
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kom espi mra
- 03.03.2014 16:11
AB AGROWILL GROUP raport okresowy kwartalny skonsolidowany 4/2013 QS
03.03.2014 16:11AB AGROWILL GROUP raport okresowy kwartalny skonsolidowany 4/2013 QS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR 4 kwartał(y) narastająco / 2013 okres od do kwartał(y) narastająco / okres od do 4 kwartał(y) narastająco / 2013 okres od 2013-01-01 do 2013-12-31 kwartał(y) narastająco / okres od 2012-01-01 do 2012-12-31 Revenues 23,915 25,107 Operating profit 2,479 8,818 Profit for the period -1,417 1,708 Total comprehensive income attributable to equity holders -1,364 1,556 Net cash generated from operating activities 7,329 6,774 Net cash used in investing activities 4,816 4,680 Net cash generated from financing activities -1,616 -1,974 Total assets 83,945 85,504 Total equity 34,215 35,632 Więcej na: biznes.pap.pl
kom espi abs/
- 20.02.2014 09:42
Agrowill łączy się z Baltic Champs Group (opis)
20.02.2014 09:42Agrowill łączy się z Baltic Champs Group (opis)
Pakiet 88.444.014 akcji zostanie objęty przez Baltic Champs Group w zamian za wkład niepieniężny w postaci 100 proc. udziałów Baltic Champs, hodowcy i sprzedawcy pieczarek w krajach bałtyckich. Pozostałe 14.151.252 akcje trafią do Vretola Holdings Limited w zamian za wkład niepieniężny w postaci 100 proc. udziałów eTime Invest UAB. eTime Invest poprzez swoje spółki zależne jest dzierżawcą 11 tys. ha ziemi rolnej na Ukrainie, na Krymie.
Podstawowym warunkiem transakcji jest przejęcie przez Baltic Champs Group kontroli nad Agrowill Group. Dlatego poza objęciem nowoemitowanych akcji Agrowill, Baltic Champs Group nabędzie od Vretola Holding Limited akcje stanowiące 3 proc. podwyższonego kapitału Agrowill Group. Po podwyższeniu kapitału i dokupieniu akcji, Baltic Champs Group będzie właścicielem 50,2 proc. Agrowill Group.
Nowe akcje Agrowill Group zostaną wyemitowane z wyłączeniem prawa poboru dla dotychczasowych akcjonariuszy.
Emisja nowych akcji i finalizacja transakcji są planowane na przełomie marca i kwietnia po zatwierdzeniu przez WZA i uzyskaniu zgody urzędu antymonopolowego.
Po przeprowadzeniu transakcji, najwięksi akcjonariusze Agrowill Group, zgodnie z litewskim prawem, planują przeprowadzić obowiązkowe wezwanie na akcje należące do akcjonariuszy mniejszościowych, którym zaoferują 1 LTL za każdą akcję.
"(...) Fuzja oraz zwiększenie kapitału umocnią naszą spółkę i sprawią, że zoptymalizujemy nasz biznes, zagospodarujemy rynkowe nisze i zwiększymy wartość firmy" – poinformował, cytowany w komunikacie, Vladas Bagavičius, prezes Agrowill.
"(...) Zamierzamy wykorzystać przewagi, jakie płyną z bogatej infrastruktury rolno-spożywczej Agrowill Group oraz czerpać z bezpośrednich kontaktów Baltic Champs z odbiorcami w krajach skandynawskich oraz Rosji. Efekty synergii sprawią, że możliwa będzie zmiana jakościowa w ramach Agrowill Group, dzięki której firma ze sprzedawcy nieprzetworzonych produktów rolnych stanie się producentem żywności o wyższej jakości. Uzupełnienie grupy o ukraiński holding spożywczy na Krymie sprawi również, że będziemy w stanie dostarczać produkty przez cały rok" – dodał w komunikacie Kęstutis Juščius, jedyny udziałowiec BCG.
Spółki podały, że w wyniku transakcji powstanie grupa rolno-spożywcza o rocznej sprzedaży na poziomie ok. 150 mln LTL i dysponująca gruntami rolnymi (własnymi i dzierżawionymi) na Litwie i Ukrainie o powierzchni ponad 40 tys. ha.
Baltic Champs UAB, czyli firma która stanie się spółką zależną Grupy Agrowill w momencie sfinalizowania transakcji, w całym 2013 r. miała 74 mln LTL przychodów, 18 mln LTL EBITDA i 12 mln LTL zysku netto. Na koniec grudnia 2013 r. aktywa spółki miały wartość 135 mln LTL, a zadłużenie finansowe 53 mln LTL. W ubiegłym roku spółka wyhodowała i sprzedała ponad 10 tys. ton pieczarek i 20 tys. ton kompostu. Głównymi rynkami eksportowymi są kraje skandynawskie oraz Rosja. (PAP)
jow/ asa/
- 20.02.2014 09:30
Agrowill łączy się z Baltic Champs Group
20.02.2014 09:30Agrowill łączy się z Baltic Champs Group
W zamian za wkład niepieniężny w postaci 100 proc. udziałów Baltic Champs UAB (BC), hodowcy i sprzedawcy pieczarek w krajach bałtyckich, BCG obejmie 88.444.014 akcji Agrowill Group po cenie 1 LTL każda.
Pozostałe 14.151.252 nowych akcji Agrowill Group, po cenie 1 LTL każda, obejmie z kolei za wkład niepieniężny w postaci 100 proc. udziałów w spółce UAB eTime invest, Vretola Holdings Limited, obecny udziałowiec Agrowill Group. UAB eTime invest posiada dzierżawione grunty na Ukrainie.
"(...) Fuzja oraz zwiększenie kapitału umocnią naszą spółkę i sprawią, że zoptymalizujemy nasz biznes, zagospodarujemy rynkowe nisze i zwiększymy wartość firmy" – poinformował, cytowany w komunikacie, Vladas Bagavičius, prezes Agrowill.
"(...) Zamierzamy wykorzystać przewagi, jakie płyną z bogatej infrastruktury rolno-spożywczej Agrowill Group oraz czerpać z bezpośrednich kontaktów Baltic Champs z odbiorcami w krajach skandynawskich oraz Rosji. Efekty synergii sprawią, że możliwa będzie zmiana jakościowa w ramach Agrowill Group, dzięki której firma ze sprzedawcy nieprzetworzonych produktów rolnych stanie się producentem żywności o wyższej jakości. Uzupełnienie grupy o ukraiński holding spożywczy na Krymie sprawi również, że będziemy w stanie dostarczać produkty przez cały rok" – dodał w komunikacie Kęstutis Juščius, jedyny udziałowiec BCG.
Spółki podały, że w wyniku transakcji powstanie zdywersyfikowana grupa rolno-spożywcza o rocznej sprzedaży na poziomie ok. 150 mln LTL i dysponująca gruntami rolnymi (własnymi i dzierżawionymi) na Litwie i Ukrainie o powierzchni ponad 40 tys. ha. (PAP)
jow/ asa/
- 20.02.2014 08:11
AB AGROWILL GROUP Notice on Convocation of the Extraordinary General Meeting of Shareholders of Agrowill Group AB
20.02.2014 08:11AB AGROWILL GROUP Notice on Convocation of the Extraordinary General Meeting of Shareholders of Agrowill Group AB
Podstawa prawna: On the initiative and by the decision of the Board of Agrowill Group AB (company code 126264360, registered address Smolensko st. 10, Vilnius, hereinafter - the Company) the extraordinary general meeting of shareholders of the Company is being convened on 13 March 2014 at 10 a.m.
The meeting will be held in the conference room at the hotel "Amberton", address L. Stuokos-Gucevičiaus st. 1, LT-01122 Vilnius.
The registration of the shareholders begins at 09.30 a.m.
Only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders may participate and vote at the general meeting of shareholders.
The record date of the meeting shall be 5 March 2014.
Agenda of the meeting:
1.Increase of the authorised capital of the Company with additional non-monetary contributions;
2. Withdrawal of the pre-emptive right of the Company's shareholders to acquire newly issued shares of the Company and granting of the right to acquire newly issued shares of the Company;
3. Increase of the number of the Board members of the Company;
4. Revocation of the current Supervisory Council of the Company and election of the new members of the Supervisory Council;
5. Amendments to the Articles of Association of the Company and approval of the new wording of Articles of Association;
6. Admission of the new shares of the Company to trading on the regulated markets NASDAQ OMX Vilnius AB and on the Warsaw Stock Exchange and granting of authorisations to the Board of the Company to execute all the actions in connection therewith.
Shareholders of the Company shall have a right to participate and vote at the general meeting of shareholders personally or by power of attorney, or represented by the person with whom an agreement on the transfer of voting rights is concluded.
The total number of the Company's shares of 1 litas par value each and the number of shares granting voting rights during the general meeting of shareholders is the same and amounts to 84,820,986. ISIN code of the Company's shares is LT0000127466.
A person attending the general meeting of shareholders and having a voting right must provide a person's identification document. A person who is not a shareholder must additionally provide a document confirming his/her right to vote at the general meeting of shareholders.
Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the general meeting of shareholders on his/her behalf. At the general meeting of shareholders an authorised person shall have the same rights as would be held by the shareholder represented by him/her, unless the authorized person's rights are limited by the power of attorney or by laws.
The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws.
The Company does not establish special form of power of attorney.
Shareholder shall have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the meeting on shareholder's behalf. Such authorization shall not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail info@agrowill.lt no later than until the last business day before the meeting at 12.00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the electronic signature but not the letter sent via e-mail. By submitting the notification to the Company the shareholder shall include the internet address from which it would be possible to download free of charge software to verify an electronic signature of the shareholder.
A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the general ballot paper. Upon a shareholder's request, the Company, not later than 10 days before the general meeting, shall send the general ballot paper by registered mail free of charge. The general ballot paper is also provided on the Company's website at www.agrowill.lt. The filled-in general ballot paper and the document confirming the voting right (if any) must be submitted to the Company sending by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than on the last business day until the meeting.
The Company is not providing the possibility to attend and vote at the general meeting of shareholders through electronic means of communication.
The shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the general meeting of shareholders shall be presented. Proposal to supplement the agenda must be presented to the Company sending them by registered mail or providing it against signature at the address of the registered office of the Company indicated in the notice. The agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders.
Each shareholder holding shares that grant at least 1/20 of all votes at any time before the general meeting of shareholders or during the meeting shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders, as well as the additional candidates to the members of the Supervisory Council of the Company. The proposed draft decisions must be presented in writing sending them by registered mail or providing them against signature at the address of the registered office of the Company indicated in the notice.
The shareholders shall have the right to present questions related to the agenda issues of the general meeting of shareholders to the Company in advance in writing, by providing the shareholder's personal identification number and consent to process personal data - personal identification number in the letter which should be sent to the Company by registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days before the general meeting of shareholders. Responses of a general character shall be posted on the Company's website www.agrowill.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.
The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the meeting, including notification on convocation of the meeting, information about the total number of the Company's shares and the number of shares granting voting rights during the general meeting of shareholders, draft resolutions, and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders' rights at Agrowill Group AB, at the address Smolensko st. 10, Vilnius, or on the Company's website at www.agrowill.lt.
Enclosures:
1. Draft resolutions of the general meeting of shareholders.
2. General ballot paper of the general meeting of shareholders.
3. Notice of the Board to the general meeting of shareholders.
4. New wording of the Articles of Association.
Więcej na: biznes.pap.pl
kom espi abs/
- 20.02.2014 08:01
AB AGROWILL GROUP Agreement on the merger of AB Agrowill Group with other companies was signed
20.02.2014 08:01AB AGROWILL GROUP Agreement on the merger of AB Agrowill Group with other companies was signed
Podstawa prawna: AB Agrowill Group (hereinafter, the Company) and its present shareholders (Volemer Holdings Limited, Vretola Holdings Limited, UAB Eastern Agro Holdings, UAB Novitum, UAB Inovacinis Žemės Ūkis, Romualdas Antanas Petrošius, Aldona Petrošienė, Jurgis Petrošius, Marius Žutautas, Vladas Bagavičius, Domantas Savičius), a party of the one part, entered into the merger agreement (hereinafter, the Agreement) with Baltic Champs Group, UAB and Kęstutis Juščius, a party of the other part regarding merger of the Company and the following companies:
1) Baltic Champs, UAB, legal entity code 302942064;
2)UAB eTime invest, legal entity code 300578676.
According to the Agreement, it is planned to carry out the merger by way of issuing a new share issue by the Company, which will be paid for with non-monetary contributions - 100% of shares in Baltic Champs, UAB, which are owned by Baltic Champs Group, UAB, as well as 100% of shares in UAB eTime invest (this company possesses land plots through its subsidiary in Ukraine as the lessee), which are owned by Vretola Holdings Limited.
For this purpose the Company undertook in the Agreement to issue and to offer to Baltic Champs Group, UAB and to Vretola Holdings Limited on the closing date (the closing is planned to be effected by 31 March 2014) to acquire the total number of 102,595,266 newly issued shares of the Company, for the total issue price of LTL 102,595,266. Baltic Champs Group, UAB will be offered to acquire 88,444,014 new shares and Vretola Holdings Limited will be offered to acquire 14,151,252 new shares out of the above-indicted number.
Baltic Champs Group, UAB and Vretola Holdings Limited, in their own turn, undertook to acquire all the new shares of the Company in the above-indicated portions under the terms and conditions indicated in the Agreement, by signing share subscription agreements on the closing date and paying for the new shares with, respectively, 100% Baltic Champs, UAB block of shares and 100% UAB eTime invest block of shares.
The Agreement also establishes that the Company will acquire from Kęstutis Juščius 100% blocks of shares of agricultural companies, owned by him - UAB AGRO Ramučiai (legal entity code 302854479) and UAB Luganta (legal entity code 300045023) according to a relevant share sale-purchase agreement for shares of these companies, pursuant to which the said shares will be transferred to the Company at the closing. The planned total price of these blocks of shares is LTL 5,705,215 (five million seven hundred and five thousand two hundred and fifteen litas), out of which LTL 356,867.45 (three hundred and fifty six thousand eight hundred and sixty seven litas 45 cents) will be paid for shares of UAB AGRO Ramučiai and LTL 5,348,347.55 (five million three hundred and forty eight thousand three hundred and forty seven litas 55 cents) - for shares of UAB Luganta.
Apart from subscription of the new shares, Baltic Champs Group, UAB will additionally acquire from Vretola Holdings Limited a block of shares of the Company, which will constitute 3% from the increased authorised capital of the Company.
The Agreement inter alia provides for the following conditions precedent to the closing of the merger transaction:
the Competition Council of the Republic of Lithuania will have issued an unconditional permit to effect concentration, as provided for in the Agreement;
the general meeting of shareholders of the Company will have been lawfully convened and held and it will have adopted the necessary decisions on the increase of the authorised capital of the Company and the withdrawal of the pre-emptive right of the present shareholders of the Company to acquire newly issued shares of the Company and offering these shares to be acquired by Baltic Champs Group, UAB and Vretola Holdings Limited;
the Bank of Lithuania will have approved the prospectus for listing the new share issue of the Company on the NASDAQ OMX Vilnius stock exchange and the Warsaw Stock Exchange, etc.
Besides, following the Agreement, at the time of the closing, in addition to new share subscription agreements of the Company, the shareholders agreement will also be signed, which, in addition to the issues of the management of the Company, will also establish that after the closing of the merger transaction the mandatory tender offer to buy the remaining voting shares of the Company will be submitted and implemented by the above-indicated present shareholders of the Company together with the new shareholder Baltic Champs Group, UAB pro rata to the number of the Company shares held by them.
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- 29.11.2013 15:13
AB AGROWILL GROUP Interim information of Agrowill Group AB for the 9 months period ended 30 September 2013
29.11.2013 15:13AB AGROWILL GROUP Interim information of Agrowill Group AB for the 9 months period ended 30 September 2013
The total consolidated Agrowill Group AB, Group's revenue for the three quarters of 2013 was LTL 50,148 million (EUR 14,524 million), an increase by 15 per cent over the total revenue of LTL 43,374 million (EUR 12,562 million) for the same period of 2012.
EBITDA for the three quarters of 2013 decreased by 56 per cent to LTL 7,970 million (EUR 2,308 million), as compared to LTL 18,370 million (EUR 5,320 million) in the same period of 2012.
The gross profitability of the Group for the 9 month period ended September 30, 2013 was circa 7 percentage points lower compared to the corresponding period of 2012. The main cause of this development was the decrease in crop sales profitability due to lower grain prices and higher costs of inputs. The Group's gross profitability was further decreased by the decrease in EU and state subsidies by almost LTL 1,5 million (EUR 0,434 million) due to applied modulation.
However, the gross profitability of milk sales increased by over 17 per cent owing to higher milk prices, improved production efficiency and successful cow herd expansion.
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kom espi mra
- 02.09.2013 10:45
AB AGROWILL GROUP Interim information of Agrowill Group AB for the 6 months period ended 30 June 2013
02.09.2013 10:45AB AGROWILL GROUP Interim information of Agrowill Group AB for the 6 months period ended 30 June 2013
During the first six months of this year Agrowill Group, AB, generated LTL 18,618 million of revenue (a 13% rise, compared to the same period last year) and its gross profit amounted to LTL 7,832 million and exceeded that in the first half of the previous year by 61%.
The net result was a loss of LTL 3,498 million, 32% less than in the first half of the last year.
Compared to the same period last year, the Group's EBITDA for the first six months of this year increased by 57% - from LTL 3,220 million to LTL 5,051 million.
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- 02.09.2013 10:37
AB AGROWILL GROUP raport okresowy półroczny za 2013 PS
02.09.2013 10:37AB AGROWILL GROUP raport okresowy półroczny za 2013 PS
WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2013 półrocze / półrocze / 2013 półrocze /2012 Revenues 5,392 4,761 Operating profit 159 -489 Profit for the period -1,013 -1,496 Total comprehensive income attributable to equity holders -982 -1,544 Net cash generated from operating activities -8 -320 Net cash used in investing activities -1,564 -596 Net cash generated from financing activities 1,263 540 Total assets 90,328 83,173 Total equity 34,619 34,760 Więcej na: biznes.pap.pl i biznes.pap.pl/espi
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- 19.04.2013 15:10
AB AGROWILL GROUP - the transaction regarding sale of the shares of subsidiary companies
19.04.2013 15:10AB AGROWILL GROUP - the transaction regarding sale of the shares of subsidiary companies
The transaction regarding sale of the shares of subsidiary companies UAB "Žemės vystymo fondas 1", UAB "Žemės vystymo fondas 2", UAB "Žemės vystymo fondas 8" of the Agrowill Group AB, is finalised
Shares purchase agreements have been concluded with Closed-end real estate investment fund "Orion Agroland Value Fund I" managed by UAB "Orion Asset Management".
Value of transaction - LTL 17.680 mln. (EUR 5.120 mln. LTL)
UAB "Žemės vystymo fondas 1", UAB "Žemės vystymo fondas 2", UAB "Žemės vystymo fondas 8" all together own 1.900 ha of land.
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AUGA Group AB
Konstitucijos pr. 21C08130 Wilno
tel. +370 5 2335340
fax. +370 5 2335345
email: info@auga.lt
http://www.auga.lt
Profil spółki
Grupa jest największym na Litwie przedsiębiorstwem zajmującym się produkcją rolną, hodowlą zwierząt i produkcją pieczarek. Model biznesowy jest oparty na ekologicznym procesie produkcji na każdym etapie. Grupa uprawia ponad 25,5 tys. hektarów gruntów i hoduje ponad 7 ty. sztuk bydła.Analizy i raporty
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- CD Projekt, PKP Cargo, PKN Orlen, 11 bit studios, Cognor, Comarch, Grodno, Idea Bank, Getin, Inpro, K2 Internet, Krezus, MCI Capital, Pfleiderer Group, Auga Group 21.08.2018
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