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The first IPO in 2009 was successfully closed

News

BG Agro and the Lead Manager UniCredit Bulbank determined the Offer price of the company’s shares

On 26 November 2009 the book-building for the sale of existing shares of the capital of BG Agro AD (the „Company”) was successfully closed. The shares were offered under conditions of public offering for sale of existing shares of BG Agro AD to institutional, other professional and retail investors in Bulgaria.

• The Selling shareholders and the Lead Manager, UniCredit Bulbank, set the Offer price at BGN 1,67 per share.

• For the offered 6 053 616 shares of the capital of BG Agro AD were submitted orders for over 7 mln shares, of which 81.2% - by institutional investors.

• The Selling shareholders and the Lead Manager decided to allocate 5 189 967 shares, representing 12.86% of the share capital of the Company, giving a total free-float of 16,23%.

• The trade with the Company’s shares on the Bulgarian Stock Exchange – Sofia (BSE) commences on 2 December 2009 at 9.30h local time with Ticker „АО0” and the deals for the transfer of the allocated shares will be executed on the same date.

• The market capitalisation of BG Agro estimated at the shares’ Offer price will be BGN 67,4 mln.

Nenko Nenkov, Chairman of the Management Board of BG Agro AD:

„We welcome the new shareholders and thank them for their vote of confidence to BG Agro. Our decision for the Offer price and the number of allocated shares takes into account the investors’ interest – our partners. Our focus remains at the business and achievement of common success.”