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AGROTON PLC ALLOCATES SHARES IN PUBLIC OFFERING. SUBSCRIPTIONS IN INDIVIDUAL INVESTORS TRANCHE REDUCED BY 76,9%

Agroton Public Limited has allocated the shares in its public offering. Investors were allocated a total of 5,670,000 shares—all of the offered shares. Institutional investors have taken up 90% of the offering (5,103,000 shares) and individual investors 10% (567,000 shares).
 
During the book-building process, institutional investors' demand significantly exceeded the number of shares offered to them. The reduction rate in the tranche for individual investors was 76,9%.
 
Agroton raised gross proceeds from the offering of PLN 153 million. The company intends to use the funds primarily to increase the capacity of its grain elevators, increase the land bank under management for crop production, purchase equipment for cultivation of land, and strengthen the company’s working capital.
 
After the offering, new shareholders will represent about 26.2% of the shares in the company’s total share capital.
 
The company plans to begin listing on the Warsaw Stock Exchange in the first half  of November 2010.
 
“We are very happy that both institutional and individual investors have shown their appreciation for our company and its growth strategy, which has translated into the complete success of the Agroton public offering,” said Agroton CEO Iurii Zhuravlov. “The funds raised from the issue of shares will allow us to increase the capacity of our grain elevators and the acreage under cultivation, as well as purchase additional machinery for cultivation of land. This will translate into steady growth in the value of the company in upcoming years. Our new shareholders will be able to share in this growth.”