FirstFarms A/S purchases agriculture and land in eastern European EU-countries. We modernise, develop and optimise the operation in preparation for a sustainable production of agricultural produce, which is competitive in terms of price and quality.
We are now for the fourth time offering issuance of convertible bonds. This time for up to DKK 72.25 million. The profit is solid with 5 percent annually in the loan period of 5 years, and the possibility for a good return is high, as the agriculture production in Eastern Europe is in good development. The price on land is increasing and the demand for pork is high.
All FirstFarms A/S' investments are based on long-term and active ownerships. We invest massively in land, herds, buildings and machines and utilises the significant economies of scale that exists for agricultural production in Eastern Europe.
We have a broad portfolio both geographically and operationally and thus minimise the risk for the company and for our investors.
The funds released by the sale of the convertible bonds shall primarily be utilised for expansions of our newest business area pig production and to further acquisition of agricultural land.
FirstFarms A/S has a healthy economy, is in solid progress, has an ambitious growth strategy and operates a responsible business. We have focus on development, sustainability, compliance with environmental and other legal requirements and good conditions for our employees.
Summary:
- FirstFarms offers investment in sustainable agriculture in Eastern Europe
- The profit is solid with 5 percent annually in the loan period of 5 years
- Conversion of the bonds to shares gives opportunity for a good return
- The land prices in Eastern Europe have increased with over 100 percent the last 10 years to a level of approx. 30 percent of the price for agricultural land in Denmark
- The demand for pork is high
- FirstFarms' portfolio is broad, which minimises the risk.
Main terms:
- Minimum subscription DKK 750,000
- Deadline for subscription is 12th December 2017 at 11.59 pm. Binding subscription form is attached and can be forwarded to Tina Thomsen at mail address tit@firstfarms.com
- After deadline for subscription, the convertible bond is forwarded for signature. The deadline for payment of the subscription amount is determined to 18th December 2017
- The bonds expire in December 2022
- The conversion price is determined to 57.25 in accordance with the authorisation and the terms of the convertible bonds, which are attached.
