REG - Agriterra Ltd - Further Debt Conversion and TVR

AgriterraAnnouncement

23/03/2023 10:45

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RNS Number : 0256U  Agriterra Ltd  23 March 2023

The information contained within this announcement is deemed by the Company to
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REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE
UNLAWFUL.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE
FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR)
ORDINARY SHARES TO ANY PERSON WITH A REGISTERED ADDRESS IN, LOCATED IN, OR
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23 March 2023

Agriterra Limited ('Agriterra' or the 'Company')

Agriterra Limited / Ticker: AGTA / Index: AIM / Sector: Agriculture

Further Debt Conversion and TVR

Agriterra, the AIM-quoted African agricultural company, announces that,
further to the announcement made on 22 March, Magister Investments Limited
("Magister"), have elected to convert a further c. £5,884 of debt held by
Magister in the Company into 588,389 new Ordinary Shares (the "Further
Conversion Shares") at the Issue Price (being 1 pence).

The net effect of this further conversion is that Magister will restore its
shareholding in the Company to 50.58%, which it had prior to the Placing and
Broker Option, with a holding of 36,332,222 Ordinary Shares.

Total Voting Rights

Application has been made for admission of 588,389 Further Conversion Shares
to be admitted to trading on AIM ("Admission"), with Admission expected to be
on or around 28 March 2023. Following Admission, the Company's enlarged issued
share capital will be 71,829,007 Ordinary Shares. The Company holds no
Ordinary Shares in Treasury. This figure of 71,829,007 Ordinary Shares may be
used by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, capitalised terms are as per the Company's 22 March
2023 RNS.

** ENDS **

 

 

For further information please visit www.agriterra-ltd.com or contact:

 

 Agriterra Limited                   Caroline Havers

                                     caroline@agriterra-ltd.com (mailto:caroline@agriterra-ltd.com)

 Strand Hanson Limited               Ritchie Balmer / James Spinney
 Nominated & Financial Adviser

                                   +44 (0) 207 409 3494

 Peterhouse Capital Limited          Lucy Williams / Rose Greensmith / Eran Zucker

 Broker                              +44 (0) 207 469 0930

 

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