Agroland the largest network of agricultural stores in Romania debuts on BVB MTS AeRO market on March 1st

2/26/2021

Bucharest Stock Exchange (BVB) informs that on Monday, March 1st, Agroland Business System shares, the company that operates the largest network of agricultural stores in Romania, will start trading on the AeRO market within BVB’s Multilateral Trading System (MTS). Agroland shares will be traded under the AG (ISIN - RO3UHXXNWZE0).

The debut to trading of Agroland shares will be marked by the online official opening of the trading session, which will take place on March 1st, starting with 10:00 and can be watched live on the social media channels of Bucharest Stock Exchange (Facebook and YouTube).

The company carried out a private placement in November 2020, attracting RON 7.9mn from investors. Within the private placement, 1.7mn shares were put up for sale, and investors placed subscription orders for 8.5mn shares, with a cumulative value of RON 38.5mn, which exceeded almost five times the offer. Although originally scheduled for November 18th - December 2nd, 2020, the placement was completed in advance from day one. The 1.7mn shares were allocated pro-rata to 137 investors, of which 3 institutional investors and 134 retail investors. Thus, the investors who participated in the private placement hold 15% of Agroland shares.

Following the private placement, Agroland obtained an anticipated capitalization of RON 52.9mn (EUR 10.8mn).

TradeVille carried out the private placement and, at the same time, the listing of the company on the AeRO market, as an Authorized Consultant. TradeVille will continue to assist Agroland for the next 12 months, after listing, to meet investor reporting and information requirements.

More information is available in the Memorandum prepared for admission to trading and published on the BVB website, at this LINK.