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2016-05-17

Trigon Agri: Trigon Agri A/S: Update on debt to equity swap to its bondholders

As communicated in the 23 March 2016 announcement "EUR 1.5 million
released to Trigon Agri A/S - Conditional upon a partial debt to
equity swap to its bondholders", Trigon Agri A/S ("Trigon") has
entered into an agreement with a committee of holders (the "Holders'
Committee") under its SEK 350,000,000 11% bonds with ISIN
SE0004019008 (the "Bond Loan").

As is set out in the announcement, Trigon is obliged to repay EUR 1.5
million to a blocked account if all applicable conditions for the
debt to equity swap are not fulfilled by 17 May 2016. As certain
administrative and technical aspects of the process have taken more
time than initially expected, the Company and the Holders' Committee
have agreed to extend the time bar as follows.

· The partial redemption of the Bond Loan in kind shall be carried
out by no later than 30 June 2016.

· The SPV Receivable (as defined in the announcement) shall be
amended to convertibles by no later than 31 December 2016.

Investor enquiries:

Mr. Simon Boughton, CEO of Trigon Agri A/S, Tel: +372 66 79200,
E-mail: mail@trigonagri.com

About Trigon Agri

Trigon Agri is an integrated soft commodities production, storage and
trading company with operations in Ukraine, Russia and Estonia.
Trigon Agri's shares are traded on the main market of Nasdaq
Stockholm.

For subscription to Company Announcements please contact us:
mail@trigonagri.com.

If you do not want to receive Trigon Agri press releases automatically
in the future please send an e-mail to the following address:
unsubscribe@trigonagri.com.

The information set out in this press release is announced in
accordance with the Swedish Securities Market Act. The information
was submitted for publication on 17 May 2016 at 8:30 CET.

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http://news.cision.com/trigon-agri/r/trigon-agri-a-s--update-on-debt-to-...
http://mb.cision.com/Main/515/2010300/516600.pdf

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