St Helier, Jersey, 2012-11-16 16:10 CET (GLOBE NEWSWIRE) --
NOT TO BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, WIHTIN OR INTO AUTSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE ILLEGAL
The Board of Directors of Black Earth Farming Limited (“Black Earth Farming” or the “Company”) has prepared a prospectus in connection with the Rights Issue. The prospectus has been approved by, and registered with, the Swedish Financial Supervisory Authority (Finansinspektionen) and the Jersey registrar of companies has given, and not withdrawn, its consent to the circulation of the prospectus. The prospectus is now available on Black Earth Farming’s website, www.blackearthfarming.com, and Pareto Öhman AB’s website, www.paretosec.com.
A printed version of the prospectus (in English) is expected to be available from 22 November 2012 at the offices of Pareto Öhman AB (Berzelii Park 9, SE-103 91 Stockholm, Sweden). The prospectus can also be ordered from Pareto Öhman AB via email at kundtjanst@paretoohman.se or by telephone: +46 (0)8 402 51 70.
New information with respect to disclosure in the prospectus
Black Earth Farming’s total equity attributable to owners of the parent as of 31 August 2012 amounted to RUR 7,076,367 thousand (USD 219,127 thousand)1, compared to RUR 5,863,386 thousand (USD 178,669 thousand)2 as at 30 June 2012.
Advisors
Pareto Öhman AB is financial advisor and Linklaters is legal advisor to Black Earth Farming in connection with the Rights Issue.
For further information, please contact:
Erik Lystedt, Director of Investor Relations, Black Earth Farming Ltd., erik@blackearthfarming.com, tel: +44 (0) 2071 178 100
About Black Earth Farming Ltd.
Black Earth Farming Ltd. is a leading farming company, publicly listed on Nasdaq OMX Stockholm and operating in Russia. It acquires, develops and farms agricultural land assets primarily in the fertile Black Earth region in southwest Russia. Black Earth Farming has gained a strong market position in the Kursk, Tambov, Lipetsk and Voronezh areas, controlling some 310,000 hectares, of what perhaps is the world’s most fertile soil. In 2012 Black Earth Farming intends to harvest over 222,000 hectares, effectively making it one of the world’s largest public farming companies by cropped area. The Company’s main products are wheat, barley, corn, sunflower, soya and rapeseeds.
Important notice
The information in this press release is not intended, to directly or indirectly, be distributed, published or made public in Australia, Canada, Hong Kong, Japan, Singapore, South Africa, Switzerland, the United States or any other jurisdiction where the distribution of this press release would be illegal. The distribution of this press release may be restricted by law in certain jurisdictions and persons who take part of this press release or other information set out herein should inform themselves of, and observe, any such restrictions.
The information in this press release does not constitute an offer to sell shares or solicitation of an offer to buy shares. This press release does not constitute a prospectus under the Prospectus Directive 2003/71/EC, as amended.
The information in this press release does not constitute and is not part of an offer or solicitation of an offer to buy or subscribe for securities in the United States. Securities mentioned herein have not and will not be registered in accordance with the Securities Act of 1933 (the “Securities Act”). Securities mentioned herein may not be offered or sold in the United States unless they are registered in accordance with the Securities Act or fall within an exemption in the Securities Act. There will not be any public offer in the United States regarding securities.
The information in this press release may not be forwarded or distributed to any other person and may not be reproduced in any way. The forwarding, distribution, reproduction or presentation of the information herein, partly or fully, may not be permitted. Failure to comply with these instructions may be a breach of the Securities Act or applicable laws in other jurisdictions.
1Amount is translated from RUR to USD at the closing exchange rate as at 31 August 2012 of RUR 32.2934 to USD 1.00.
2Amount is translated from RUR to USD at the closing exchange rate as at 30 June 2012 of RUR 32.8169 to USD 1.00.
