Kernel Holding SA (KER) komunikat - KERNEL ENTERS INTO A BINDING AGREEMENT TO ACQUIRE A 108,000 HA FARMING BUSINESS IN UKRAINE

POLISH FINANCIAL SUPERVISION AUTHORITY
		UNI - EN REPORT No		6	/	2013
Date of issue:	2013-04-11
Short name of the issuer
KERNEL HOLDING S.A.
Subject
KERNEL ENTERS INTO A BINDING AGREEMENT TO ACQUIRE A 108,000 HA FARMING BUSINESS IN UKRAINE
Official market - legal basis
Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
Unofficial market - legal basis
Contents of the report:
Kernel Holding S.A. entered into a share purchase agreement to acquire an 80% interest in a farming business that manages 108,000 hectares of leasehold farmland and operates 100,000 tons of grain storage capacity. With a highly concentrated and fully-farmed land bank in the southern Chernihiv and Sumy regions and the northern Poltava region, the business is self-sufficient in working capital and is fully-equipped with modern farming machinery. Kernel will pay USD 68 million for the 80% interest in the business which has a current net debt of USD 101 million. Closing is subject to approval by the Antimonopoly Committee of Ukraine. Following the acquisition, Kernel expects to cultivate 422,000 ha of land in 2013 season.
Annexes
File			Description

KERNEL HOLDING S.A.

(fullname of the issuer)

KERNEL HOLDING S.A.

Spożywczy (spo)

(short name of the issuer)

(sector according to clasification
of the WSE in Warsow)

L-1331

Luksemburg

(post code)

(city)

boulevard Grande-Duchesse Charlotte 65

(street)

(number)

(phone number)

(fax)

(e-mail)

(web site)

(NIP)

(REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date	Name	Position / Function	Signature
2013-04-11	A.Usachova, Y.Kovalchuk	Directors

Konta:	Konta osobiste Konta młodzieżowe Konta firmowe Konta walutowe
Kredyty:	Kredyty gotówkowe Kredyty mieszkaniowe Kredyty z dopłatą Kredyty dla firm

Kernel Holding SA
KERNEL ENTERS INTO A BINDING AGREEMENT TO ACQUIRE A 108,000 HA FARMING BUSINESS IN UKRAINE