Kernel Holding SA (KER) komunikat - PURCHASE OF FARMING ENTERPRISE

POLISH FINANCIAL SUPERVISION AUTHORITY
		UNI - EN REPORT No		41	/	2010
Date of issue:	2010-10-08
Short name of the issuer
KERNEL HOLDING S.A.
Subject
PURCHASE OF FARMING ENTERPRISE
Official market - legal basis
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bie¿¹ce i okresowe
Unofficial market - legal basis
Contents of the report:
Kernel Holding S.A. informs that on 8 October 2010 a Subsidiary of Kernel Holding S.A. entered into a preliminary agreement to purchase the farming enterprise for a total consideration equivalent to USD 1.6 million. The assets of the farming enterprise include lease rights on 2 356 ha of land in the region of Kirovograd (the lease period is up to 7 years), the value of the lease rights being estimated at USD 265 per hectare, plus farming equipment, inventory and biological assets. The transaction is to be finalized by January 2011.
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
2010-10-08	A.Usachova, P.Conrad	Directors

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

Kernel Holding SA
PURCHASE OF FARMING ENTERPRISE