KSGAGRO (KSG): Raport bieżący - - raport 24

KOMUNIKATY SPÓŁEK

08.06.2012 09:36 - 11580588

KSG AGRO SA - received COFACE guarantee

KSG Agro S.A. received COFACE guarantee

Podstawa prawna: Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne

The Board of Directors of KSG Agro S.A. (The "Company") is pleased to inform that on 6th of June, 2012, French Export-Credit Agency COFACE made a decision, by which it will guarantee the deal between KSG Agricultural and Industrial Holding Limited, Cyprus subholding of the Company, and I-TEK. Total amount of the contract is EUR 17 607 092.

According to the contract The Company will receive:

1. Supplies of the equipment for the pig breeding complex

2. Supplies of the genetic material for the pig breeding complex

3. Pig breeding complex reconstruction works

4. Supplies of the equipment for the energy pellets production (from straw)

5. Supplies of the equipment for animal food factory

At the current moment the Company, together with I-TEK, is in negotiations with different banks on the issue of receiving loan under this guarantee. KSG Agro plans to finalize those negotiations and to receive the money till the end of June, 2012.

The Board of Directors informs that the reconstruction of the pig breeding complex has begun in May, 2012. The Company plans to finish 1 stage of the reconstruction in December, 2012, and to supply there 4 447 sows.

The other stages of the reconstruction planned to be finished in 2013.

Legal grounds: Article 5 (2) of the Luxembourg law of 11 January 2008 relating to the transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and Article 56 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments to organized trading systems and on public companies