Landkom Raises 10.8 MillionLandkom International PLC (AIM: LKI, "Landkom" or the "Company"), the Ukrainian producer of high-value oil seed rape and wheat, announces that it has conditionally placed 10,800,306 new ordinary shares ("Placing Shares") of 0.1 pence each at 100p per share to raise gross proceeds of 10.8 million (US$22.0 million). Completion of the placing is conditional on admission to trading on AIM of the Placing Shares and application for admission has been made with admission expected to occur on or around 26 March 2008. Following the issue of the Placing Shares, the Company's issued share capital consists of 200,008,935 Ordinary Shares with a nominal value of 0.1 pence each, with voting rights. The above figure of 200,008,935 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules. Richard Spinks, Landkom Chief Executive, commented: "We are pleased to have closed this placing in challenging market conditions and thank our investors for their continued support and confidence. The proceeds will be used to accelerate our growth in terms of securing more land, equipment and in particular storage facilities where we are currently considering a number of options." For further information: Landkom International PLC (www.landkominternational.com)
College Hill
Landkom International PLC is a large scale producer of agricultural feedstock, principally oil seed rape and wheat, for supply to the European biodiesel and food industries. Operating in Western Ukraine in the prime, fertile lands close to the border with Poland, Landkom has secured a land bank in excess of 67,000 hectares (as at 3 March 2008) and has completed the plantation of its first commercial crop of over 10,000 hectares. Landkom has a target to increase the land bank in Ukraine to at least 350,000 hectares by 2011. Landkom is implementing Western-style agronomy practices using modern agricultural equipment to carry out efficient, large-scale farming techniques that will result in greater return from the land, increase levels of employment in the region and support further investment into the local economy. Following first round funding in April 2007 of 6.9 million, Landkom completed a listing on AIM in mid November 2007 raising net 50.1 million at a valuation of 98.4 million.
18 March 2008
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Landkom Share Price Index
LKI Current: 8.62p 52wk Minimum: 5.12p 52wk Maximum: 12.25p Market Value: £37.5 million Last updated 06 September 2010
Landkom on course to achieve profits
Interim Results
Notice of Interim results - 20 July 2010
Landkom International PLC (AIM: LKI), the Ukrainian producer of agricultural commodities, will be publishing its Interim results for the six months to 30 April 2010 on Tuesday, 20 July 2010
29 June 2010 Read more...
35,000 tonnes of rapeseed sold forward at approximately $318 per tonne
Completion of Spring Planting
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