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AgroGeneration raises another EUR 2.5 mln via placement

AgroGeneration raises another EUR 2.5 mln via placement

20 May 2010

AgroGeneration (NYX: ALAGR FP) the France-headquartered farming group with assets in Ukraine that listed on NYSE Alternext in March, announced yesterday that it attracted EUR 2.5 mln in additional funds. AgroGeneration sold a further 1,075,268 shares at EUR 1.86 apiece for a total of EUR 2.0 mln; the other EUR 0.5 mln was attracted via the sale of 306,228 shares at EUR 1.8 apiece to Invest Securities. The company said total outstanding shares now equal 28,331,332, or a 21.2% stake. AgroGeneration said that another EUR 0.2 mln tranche could be placed by June 15, which would bring total funds attracted since February up to EUR 15.0 mln.

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