FarmCompany A/S is pleased to announce the successful completion of a capital increase via the issue of new shares in the amount of EUR 4.5 Million during the last quarter of 2017, reaching nearly EUR 10.0 Million in issued equity and EUR 17.0 Million in gross assets.
Commenting on the capital increase, the Chairman of the Board, Jens Ohnemus, highlighted that “The capital increase was subscribed by existing and new investors, including Danish, British, Dutch and Asian investors who recognize the attributes of agricultural real assets and the favourable outlook to invest in Danish farmland assets”.
The capital increase is an important step towards the Company’s significant growth strategy and expanding its shareholder base to include local and international investors.
Following the closing, Mr. Ohnemus added that “we are very thrilled to welcome our new investors, with whom we will continue to build an institutional portfolio of high quality and sustainable agricultural assets in Denmark”.
Svendborg, Denmark – 15 December 2017, 03:00pm