To: BUCHAREST STOCK EXCHANGE S.A.
FINANCIAL SUPERVISORY AUTHORITY
CURRENT REPORT 28/2022
According to Law nr. 24/2017 regarding issuers of financial instruments and market operations, ASF regulation nr. 5/2018 regarding the issuers of financial instruments and market operations and/or the Bucharest Stock Exchange Rulebook for Multilateral Trading System.
Date of report | 06.06.2022 |
Name of the Company | Agroland Business System S.A. |
Registered Office | Timisoara, 14 Garii Street, Timis County, Romania |
Phone/Fax | 0731 333 791/0256 247 435 |
investitor@agroland.ro | |
Trade Registry No. | J35/405/2009 |
Fiscal Code | RO 25165241 |
Subscribed and paid share capital | 5,179,059.60 RON |
Total number of shares | 51,790,596 |
Market where securities are traded | MTS AeRO Premium / Bonds-SMT |
The main characteristics of the | Shares AG symbol |
securities issued by the issuer | Corporate Bonds AGR25 symbol |
Important events to be reported:Obtaining a grant of approximately EUR 120,000
The management of Agroland Business System S.A. (the "Company") informs the market about obtaining a grant of approximately EUR 120,000 in the SME AGRI-FOOD program. The Company will co- fund the grant with EUR 18,000 own cash, the entirety of the funds to be used for the acquisition of raw materials and supplies.
The contracts within the SME AGRI-FOOD program will pe concluded with the first 3,700 winners of the grants by the end of June 2022. The Company's position is 345. The Company seeks to access the money immediately, in a single tranche, after the conclusion of the contract.
The Company has applied for 2 additional funding programs amounting to EUR 470,000. If granted, the capital will be used partially for financing of the current activity of the Company (EUR 290,000) and for an investment in reproduction farms (EUR 180,000), the first farm of such kind being finalized in 2021. The Company also intends to submit a project to finance a 1MW photovoltaic park at Avicola Mihailesti, once the financing measure will be available.
CEO
Horia Dan Cardos
Agroland Business System S.A.
Headquarters: Timisoara, 14 Garii street, Timiș county, Romania
J35/405/2009 I RO 25165241
Phone/Fax: 0731 333 791/0256 247 435 I Website: www.agroland.ro
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Agroland Business System SA published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 05:41:03 UTC.