FirstFarms A/S Announces Convertible Bond to Share Conversion
Understanding FirstFarms A/S Convertible Bond Conversion
FirstFarms A/S has received an important notification from Constantinsborg A/S regarding the conversion of a convertible bond. The notification details the conversion of a bond valued at DKK 89,100,000 into shares, which will occur soon.
Details of the Convertible Bond and Share Issuance
The bond, which was entered into with the Lender, will be converted into DKK 1,100,000 shares, each with a nominal value of DKK 10. This marks a significant capital increase of nominally DKK 11,000,000.
Capital Increase Timeline
The conversion is slated for March, when shares will be issued at a rate of DKK 84 each. This conversion not only represents a strategic financial move for FirstFarms but also aims at enhancing shareholder value.
Company’s Adjusted Share Capital
After the conversion process, the share capital of FirstFarms will rise to nominally DKK 122,463,110. This change illustrates the company's ongoing commitment to growth and expansion.
Future Listing and Trading Updates
Post-conversion, the newly issued shares will be listed and traded on Nasdaq Copenhagen A/S under the FirstFarms ISIN code DK0060056166. This transition is critical for reinstating investor confidence and bolstering market visibility.
Official Company Announcement
A subsequent announcement will reveal the finalized details once the conversion is completed, providing shareholders with full transparency of the proceedings.
About FirstFarms A/S
FirstFarms A/S is a company listed on the Danish stock exchange. The enterprise emphasizes significant responsibility toward local communities, ensuring its operations benefit both its investors and the environment. The commitment to sustainable practices remains a core value, with daily efforts geared towards enhancing corporate responsibility.
Leadership and Communication
For further details, shareholders and interested parties are encouraged to reach out to the company's Chairman, Henrik Hougaard, at +45 40 53 62 48. This proactive approach underlines FirstFarms' dedication to open communication with stakeholders.
Frequently Asked Questions
What is the main purpose of the convertible bond conversion?
The conversion aims to enhance FirstFarms' share capital and provide added value to shareholders through increased equity.
When will the shares from the conversion be available for trading?
The shares are set to be issued shortly after the planned conversion date in March, followed by an official listing on Nasdaq Copenhagen.
How does the conversion affect existing shareholders?
The conversion is designed to strengthen the company's financial standing, potentially benefiting existing shareholders through increased market value.
Who is the main lender involved in this process?
The main lender in this conversion is Constantinsborg A/S, which plays a crucial role in the financial operations of FirstFarms.
What continuing steps will FirstFarms take to maintain investor relations?
FirstFarms is committed to transparency and will provide regular updates to investors, ensuring they are well-informed about ongoing developments.
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