The board of directors of Alpcot Russian Land Fund AB (publ), under change of name to
Alpcot Agro AB, is planning, pursuant to an authorisation from the annual general meeting, a
private placement of approximately 6–8 million new shares at a subscription price of SEK
63–70 per share.
The company would receive proceeds of approximately SEK 378 – 560 million before
deduction of transaction expenses. The new shares would correspond to approximately 22–
27 per cent of the outstanding shares and votes in the company after the issue.
Approximately SEK 150 million of the total proceeds is intended to be used for acquisition of
further agricultural land. The remainder is intended to be used for investments in machinery
and equipment, other investments, as well as for general business purposes.
The company has retained Carnegie Investment Bank AB as financial advisor regarding the
contemplated private placement of shares to be directed to certain selected qualified
investors and certain other selected investors. The minimum investment in the share issue
will be 8,000 shares corresponding to a total consideration of SEK 504,000–560,000.
Subscription for shares will be made through an accelerated book building process.