History
2016
On June 2nd, 2016 the Company completed the divestment of 40,000ha of arable land and 40,000 ha of pasture land in Rostov, Russia.
On March 23, 2016 the Company announced that the Board of Directors decided to exercise its authorisation to issue convertibles. As part of the transaction EUR 1.5 million was released to the Company, conditional upon a partial debt to equity swap to its bondholders.
On March 4, 2016 the Company held an extraordinary general meeting where all proposed resolutions were adopted. Among other items the extraordinary general meeting authorised the Board of Directors to issue convertible bonds.
In January 2016 the Group announced the partial disposal of the stake in Trigon Dairy Farming Estonia (TDFE). The transaction completed involved selling 10.74% in TDFE. Following the transaction Trigon Agri retains an ownership stake of 39.24% in TDFE. The shares were acquired by Ingman Development Oy Ab. The use of cryptocurrency in the transaction of agricultural commodities can significantly reduce transaction costs. Since crypto robots like prime bitcoin can help you trade bitcoins and let you make high profits with low risk, you can reduce transaction costs easily. This will greatly help the farmers.
2015
In November 2015, a framework agreement for the divestment of its Rostov cluster was signed. The agreement foresees closing of the transaction no later than August 28, 2016.
In 1Q 2015, the Group’s Estonian milk production subsidiary AS Trigon Dairy Farming Estonia (TDFE) completed a new share issue of EUR 2 million subscribed by Ingman Development Oy Ab. In July 2015 TDFE completed the second phase of the new share issue in amount of EUR 2.12 million subscribed by Ingman Development Oy Ab and other non-controlling shareholders in TDFE. As a result, the shareholding of Ingman Development Oy Ab increased to 39.16% in TDFE and Trigon Agri’s shareholding dropped to 49.98%. Consequently, as of April 1, 2015 the Milk production segment in Estonia is no longer consolidated into Trigon Agri’s accounts due to loss of control.
On February 26, 2015 Trigon Agri SEK 350 million bond was extended until August 31, 2017.
2014
In 2014, Trigon Agri completed the divestment of 36,000ha in Penza, Russia.
2013
In 2Q 2013 Trigon Agri completed a limited capital raising for its Estonian dairy farming subsidiary AS Trigon Dairy Farming Estonia (‘TDFE’). As a part of the transaction, the Ingman Group from Finland acquired 21% of TDFE.
As part of the Group’s longer-term planning the Group divided its assets into core and non-core with focus on core assets. The core assets of the Group are cereals production operations in Ukraine and cereals production operations in the Rostov cluster in Russia. The non-core assets of the Group are cereals production operations in Penza, Russia and milk production operations in St Petersburg region in Russia and in Estonia.
2012
In 4Q 2012 Trigon Agri carried out a land-swap transaction in Russia involving the acquisition of a new 71 thousand hectares production cluster in Rostov Oblast in exchange for swapping out of its two current Russian production clusters in Samara and Stavropol.
In April 2012 Trigon Dairy Farming AS finalized the acquisition of Estonian dairy farm AS Väätsa Agro, the largest milk production farm in Estonia in terms of milk quota. At the time of the acquisition the company farmed 4,160 hectares of farmland and had 3,386 dairy animals, including 1,685 milking cows.
2011
Since December 14, 2011 the bonds of Trigon Agri are listed on the Corporate Bond List of NASDAQ OMX Stockholm.
In 2Q 2011 Trigon Agri concluded a four-year bond issue in amount of SEK 350 million (EUR 38,152 thousand) with an annual interest rate of 11%.
2010
In December 2010, Trigon Agri A/S was approved for listing on the main market of NASDAQ OMX Stockholm.
In August 2010, Trigon Agri acquired the minority share of Ramburs Trigon, thereby fully taking over the operations of its sales and trading joint venture.
2009
In December 2009, the Group signed an agreement to acquire a brownfield elevator next to its farming operations in the Stavropol region.
Additionally, the Group acquired a brownfield elevator site next to its farming operations in the Penza region and increased its freehold ownership of land in Russia to 80 thousand hectares.
2008
On 6 May 2008, Trigon Agri completed a further follow-on capital raising of EUR 105 million to fund the expansion of its operations in the Black Earth regions of Ukraine and Russia. The funds raised from the placing were intended for financing investment programmes in the existing production clusters.
On 7 April 2008, Trigon Agri entered into an agreement with Ramburs Group, a leading Ukrainian commodities trading group, for the establishment of the joint venture company Ramburs Trigon. The joint venture handled sales and trading activities as well as the management of the cereal storage operations of the Trigon Agri group.
During the first quarter of 2008, a second production cluster was established nearby the city of Kirovograd in Ukraine, and two further clusters nearby the cities of Samara and Penza in Russia. After the set up of operations in three additional cereal production clusters in the Black Earth region, the Trigon Agri group had by the middle of 2008 established a strong platform for cereal production, storage and trading throughout the Black Earth regions of Ukraine and Russia.
2007
With the capital raised in 2007, the company continued the expansion of its cereal farming in Kharkov and made the first investments into railroad connected large storage facilities (elevators) pursuing its strategy of building an integrated production, storage and trading operation.
On 17 May 2007, Trigon Agri completed a private placing of shares to institutional investors and high net worth individuals in several European Union member states and in the United States securing approximately EUR 50 million, before issue costs. Following the private placing, Trigon Agri’s shares were listed on the NASDAQ OMX First North alternative stock exchange in Stockholm on 18 May 2007.
2006
In 2006 Trigon Agri made its first investments in farming companies by acquiring cereal farming operations in eastern Ukraine nearby the city of Kharkov. The acquisitions marked the establishment of the first production cluster of Trigon Agri group. During the second half of 2006 dairy farms were acquired but the St Petersburg farm was of greenfield character and consequently commercial milk production did not start until April 2008.
Trigon Agri was established in May 2006. The initially committed start-up capital of EUR 20 million was raised from Trigon Capital and primarily Finnish high net worth individuals. Trigon Capital remains a minority shareholder in the Group while its wholly-owned subsidiary Trigon Agri Advisors provides management services to the Group (Please see further under section ’Corporate Governance’).