KYIV, UKRAINE — UKRLANDFARMING PLC (“ULF” or the “Company”), the leading agricultural producer in Ukraine, would like to inform the market that the Company is in discussions with potential investors regarding raising private funding via a preferred equity stake in the Company. ULF has previously disclosed its intentions, and it now believes there is a strong interest from investors to move forward.
The purpose and timing of this deal is in line with the Company’s goals of expanding the shareholder base prior to the IPO; improving transparency and corporate governance in the Company; strengthening the balance sheet with a cash-in equity injection; and potentially taking advantage of distressed acquisition opportunities in the Ukrainian market at the moment.
UKRLANDFARMING PLC has demonstrated a strong track record of growth in both its livestock and crop farming operations, as well as increasing its land bank to 654,000 ha. The Company’s business is supported by a solid balance sheet.
There is no guarantee that the contemplated transaction will be completed.
For enquiries:
IR department
Tel: +38 044 393 40 93
Email: ir@ukrlandfarming.com.ua
FTI Consulting London
Larisa Millings
+44 (0)20 3727 1364
Information for editors
UKRLANDFARMING PLC (“ULF” or the “Company”) is a leading agricultural producer in Ukraine in crops and animal farming with great potential for further expansion in domestic and global markets. The Company leverages its land bank (654,000 ha) of fertile Ukrainian soil (chernozem) and advanced technologies to develop modern agricultural production and maximize its output.
According to the State Statistics Committee of Ukraine, in 2013 ULF produced around 5.4% of total grain output, as well as 3.8% of milk and 18% of beef products in Ukraine.
According to Pro-Consulting, in 2013 ULF through its subsidiary AvangardCo IPL held a 57% and a 91% share in industrial production of eggs and dry egg products respectively in Ukraine.