Preferential right issue
The Board of Directors of Oboya Horticulture Industries AB ("Oboya" or "the Company"), listed on the Nasdaq First North Growth Market, has, with the support of the authorization from the Extraordinary General Meeting on August 15, 2019, decided to carry out a new issue of a maximum of 11,457,807 shares in series B with pre-emptive rights for existing shareholders at a subscription price of SEK 3.60 per share, which at most can provide the Company with approximately SEK 41.2 million before issue costs.
Press & News
Oboya Horticulture Industries AB ("Oboya" or "The Company") has through its wholly owned subsidiary VEFI AS in Drammen, Norway received orders for cultivation products for hydroponic cultivation in Sweden. The order value amounts to approximately SEK 18.5 million and is spread over two years from January 2020.
VEFI AS was founded in 1949 and since then has been operating mainly in hydroponic cultivation for efficient cultivation and distribution. VEFI has been active for 70 years and today is a leading supplier of products for hydroponic cultivation and production is done through the group company VEFI Europa Sp.z.o. o in Poland. Hydroponic cultivation means that cultivation takes place in greenhouses, regardless of the climate with the possibility of growing all year round, and usually in a final and self-sufficient system.
The order value amounted to SEK 18.5 million and relates to the delivery of various cultivation products such as pots, packaging bags, trays etc. and will be delivered continuously over the next two years. The customer is one of the leading Swedish companies in hydroponic cultivation of lettuce, vegetables and fresh herbs in Sweden.
Erik Penser Bank is Oboyas Certified Adviser at Nasdaq First North. Tel: + 46 8-463 83 00
For any inquiry regarding this press release, kindly contact:
Robert Wu, CEO of Oboya Horticulture Industries AB (publ)
Phone: + 86 159 6983 5999
About Oboya Horticulture Industries AB
Oboya Horticulture aims to become a world-leading total supplier of consumables and logistics products for the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Poland, Vietnam and Kenya. More information about the company is available at www.oboya.se.