Key Developments: Adecoagro SA (AGRO.N)

AGRO.N on New York Stock Exchange

8.65USD
31 Jul 2015
Change (% chg)

$-0.12 (-1.37%)
Prev Close
$8.77
Open
$8.73
Day's High
$8.96
Day's Low
$8.63
Volume
21,712
Avg. Vol
40,362
52-wk High
$11.41
52-wk Low
$7.61

Search Stocks

Latest Key Developments (Source: Significant Developments)

Adecoagro SA announces extension of share repurchase program
Thursday, 14 Aug 2014 06:48pm EDT 

Adecoagro SA:Says that it has approved the extension of the company's share repurchase program for an additional twelve month period, and therefore ending on Sept. 23, 2015.Says under the buyback program, the company can continue acquiring shares up to 5 pct. of the outstanding share capital.Says as of the date of this report, the company has repurchased a total of 2.3 million shares for a total consideration of $18.1 million and an average price of $7.72 dollars per share.  Full Article

Adecoagro SA Announces Filing of Shelf Registration Statement on behalf of Principal Shareholders, Sale of Farm and Board of Directors Approval of Share Repurchase Program
Monday, 23 Sep 2013 07:01pm EDT 

Adecoagro SA announced that it has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC). Under the shelf registration statement, once declared effective by the SEC, certain shareholders may offer and sell from time to time, in one or more offerings, up to 55,821,281 common shares. Adecoagro is not issuing or selling any shares and will not receive any proceeds from the sale of securities sold by the selling shareholders, if any. While the shelf registration statement is effective, the company plans to increase its disclosure as required by law; including its management discussion and analysis section quarterly. On September 13, 2013, Adecoagro entered into a sale agreement, pursuant to which the Company agreed to sell the San Martin farm for a total price of $8.0 million, equivalent to USD2,294 per hectare. San Martin is a 3,502 hectare farm located in the province of Corrientes, Argentina. The farm is used for cattle grazing activities and is a subdivision of the Ita Caabo farm acquired by Adecoagro in 2007. This transaction will generate approximately $6.5 million of operating profit in the third quarter of 2013. Adecoagro also announced that its Board of Directors has authorized a share repurchase program for up to 5% of its outstanding shares. The Company expects the repurchase program to commence on or about September 24, 2013 and will be reviewed by the Board of Directors after a 12-month period.  Full Article

Flour Mills Of Nigeria Plc Enters Technical Assistance Agreement with Adecoagro SA
Sunday, 18 Aug 2013 08:00pm EDT 

Flour Mills Of Nigeria Plc (FMN) announced that it has entered into a Technical Assistance Agreement with Adecoagro SA, a South American Agro Industrial Company. Adecoagro owns and operates over 278,000 hectares of farmland and several industrial assets where it produces over 1.2 million tons of food commodities and renewable energy, including, corn, wheat, soybean, rice, cotton, milk, sugar, ethanol and electricity. Under the terms of the Agreement, Adecoagro will assist FMN in the management and sustainable development of its Kaboji Farm, a commercial farms in Nigeria comprising 10,000 hectares near Kontagora, Niger State dedicated mainly to the cultivation of maize and soybean.  Full Article

Search Stocks