FirstFarms Boosts Share Capital with Convertible Bond Conversion
FirstFarms Enhances Capital Through Share Issuance
In a recent announcement, FirstFarms A/S has taken substantial steps to strengthen its financial position by converting a convertible bond into shares. This transaction, marked by the conversion of a bond with a principal value of DKK 89,100,000 into 1,100,000 new shares of the company, underscores FirstFarms' dedication to growth and innovation.
Details of the Convertible Bond Conversion
The conversion, which involved an accrued interest handling, was officially recorded on 6 March 2025, resulting in a capital increase totaling DKK 11,000,000. The shares were issued at a price of DKK 84 each, reflecting a significant valuation for the investors participating in this capital raising effort.
Impact on Share Capital and Voting Rights
With this newly issued batch of shares, FirstFarms’ total share capital now stands at nominally DKK 122,463,110, distributed across 12,246,311 shares of nominally DKK 10 each. Importantly, the increase in share capital also equates to a corresponding boost in voting rights, reinforcing the company's commitment to its investors and stakeholders.
Shareholder Benefits and Expectations
The application for these new shares to be traded on Nasdaq Copenhagen A/S is underway, and they will be listed under FirstFarms' ISIN code DK0060056166 soon. This move is expected to enhance liquidity and provide shareholders with increased access to trading opportunities in the market.
FirstFarms: Committed to Sustainable Practices
FirstFarms A/S is more than just a name in agriculture; it represents a philosophy of sustainability and community responsibility. The company remains focused on delivering high-quality products that are sold primarily in local markets, which emphasizes its commitment to not only profitability but also social responsibility.
Future Growth Initiatives
As a listed company, FirstFarms A/S continuously seeks out new opportunities that will create value for investors and support the communities where they operate. The capital raised through this convertible bond highlights their operational capacity and dedication to expanding those opportunities.
Frequently Asked Questions
What was the total amount raised through the bond conversion?
The total amount raised through the convertible bond conversion was DKK 11,000,000.
How many new shares were issued?
A total of 1,100,000 new shares were issued, each with a nominal value of DKK 10.
What is the expected listing location for the new shares?
The new shares are expected to be listed on Nasdaq Copenhagen A/S.
What is the significance of the bond conversion for FirstFarms?
The bond conversion signifies a strengthening of capital base and provides an opportunity for growth while also enhancing liquidity for shareholders.
Who should be contacted for more information about FirstFarms?
For further details, individuals are encouraged to contact CEO Anders H. Nørgaard at FirstFarms A/S via phone at +45 75 86 87 87.
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