News

25 January 2017 KERNEL HOLDING S.A. DEBUT EUROBOND PRICING ANNOUNCEMENT

Kernel Holdings S.A., a diversified agribusiness company with principal operations in Ukraine and 88% of adjusted EBITDA derived from all FX-denominated exports over the past 5 years, has announced that it has priced USD 500,000,000 aggregate principal amount of 8.75% Notes due 31 January 2022 (the “Notes”). The Notes are, expected to be rated B+ by Fitch, and B by S&P, two and one notches above Ukrainian sovereign respectively.

24 January 2017 ACQUISITION OF A SUBSTANTIAL BLOCK OF SHARES IN KERNEL HOLDING S.A.

Kernel Holding S.A. informs that it has received a notification from TFI PZU SA with its registered office in Warsaw, Poland, acting for and on behalf of investment funds under management:

  • PZU Fundusz Inwestycyjny Otwarty Parasolowy,
  • PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Globalnych Inwestycji,
  • PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Universum,
  • PZU Fundusz Inwestycyjny Zamkniety Akcji Focus,
  • PZU Fundusz Inwestycyjny Zamkniety Dynamiczny,

hereinafter referred to as the “TFI PZU Funds”,  regarding the acquisition of shares in Kernel Holding S.A.

Pursuant to the provisions of Art. 69 Section 1 Clause 1 of the Act of July 29, 2005 on public offerings and the conditions for introducing financial instruments to an organized trading system and on public companies, TFI PZU Funds notified that it had acquired 85,024 shares in Kernel Holding S.A., as a result of which it had crossed on 20 January 2017 the threshold of 10% of the overall number of votes at the general shareholders’ meeting of the Company.

As of 20 January 2017, TFI PZU Funds hold 8,151,113 shares in the Company, representing 10.10% of the share capital and entitling it to 8,151,113 votes at the Company’s general shareholders’ meeting, equal to 10.10% of the total number of votes.

Before the acquisition and as per TFI PZU Funds previous notification received on 20 June 2016, TFI PZU Funds held 4,119,128 shares in the Company, representing 5.17% of the share capital of the company.

20 January 2017 KERNEL HOLDING S.A. ANNOUNCES THE DATE FOR THE EUROBOND ROADSHOW GLOBAL INVESTOR CALL

Kernel Holding S.A. is announcing that it will hold a Global Investor Call on Monday 23rd January 2017, at 12:30 GMT / 14:30 Kyiv time as part of the roadshow for its proposed Eurobond issuance. Dial in available on Company’s website under http://www.kernel.ua/en/calendar/

17 January 2017 KERNEL HOLDING S.A. DEBUT EUROBOND ROADSHOW PRESENTATION ANNOUNCEMENT

Kernel Holdings S.A., a diversified agribusiness company with principal operations in Ukraine and 88% of adjusted EBITDA derived from all FX-denominated exports over the past 5 years, has announced a series of fixed income investor meetings in Europe and the US with respect to a potential inaugural USD-denominated Reg S / 144A 5-year fixed-rate benchmark notes offering. The notes are expected to be rated B+ by Fitch and B by S&P, two and one notches above Ukrainian sovereign, respectively.

 

12 January 2017 Q2 FY2017 OPERATIONS UPDATE

Kernel Holding S.A. is pleased to publish the Operations Update for three months ended 31 December 2016, available under the following link: Q2 FY2017 Operations Update.