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Decizia nr. 1 a Consiliului de Administratie
al HOLDE AGRI INVEST S.A.
din data de 23 ianuarie 2024
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Decision no. 1 of the Board of Directors of
HOLDE AGRI INVEST S.A.
dated 23 January 2024
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Sedinta membrilor Consiliului de Administratie („Consiliul” / „Consiliul de Administratie”) al HOLDE AGRI INVEST S.A., o societate inmatriculata si functionand in conformitate cu legea romana, avand sediul in Intrarea Nestorel nr. 1, Corp B, etaj 10, Sectorul 4, Bucuresti, Romania, inregistrata la Oficiul Registrului Comertului Bucuresti sub nr. J40/9208/2018, avand codul unic de inregistrare 39549730 („Societatea”),
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The meeting of the members of the Board of Directors (the “Board” / the “Board of Directors”) of HOLDE AGRI INVEST S.A., a joint-stock company, organized and operating under the laws of Romania, with its registered headquarters in 1 Intrarea Nestorei, building B, floor 10, District 4, Bucharest, Romania, registered with the Trade Registry Office under no. J40/9208/2018, having sole registration code 39549730 (the “Company”),
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s-a desfasurat in conformitate cu prevederile Legii Societatilor nr. 31/1990, republicata, cu modificarile si completarile ulterioare („Legea 31/1990”) si cu prevederile actului constitutiv, cu renuntarea in unanimitate de catre membrii Consiliului la formalitatile de convocare prevazute in cadrul acestuia, in data de 23 ianuarie 2024, in prezenta urmatorilor membri:
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was held in accordance with the provisions of Law no. 31/1990 on companies, as republished and subsequently amended and supplemented (“Law 31/1990”) and of the articles of association, by waiving all convening formalities established thereby, on 23 ianuarie 2024, in the presence of the following members:
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· Iulian Circiumaru;
· Mihai-Daniel Anitei;
· Leonard Leca;
· Daniela Nemoianu; si
· Liviu-Gabriel Zagan.
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· Iulian Circiumaru;
· Mihai-Daniel Anitei;
· Leonard Leca;
· Daniela Nemoianu; and
· Liviu-Gabriel Zagan.
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AVAND IN VEDERE URMATOARELE:
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WHEREAS:
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(A) Pe 15 decembrie 2022, Adunarea Generala Extraordinara a Actionarilor („AGEA”) a Societatii a aprobat delegarea catre Consiliul de Administratie a atributiilor AGEA referitoare la majorarea capitalului social al Societatii pentru o perioada de 3 (trei) ani, printr-una sau mai multe emisiuni de actiuni nominative, ordinare si dematerializate, cu o valoare care sa nu depaseasca jumatate din capitalul social subscris, existent in momentul hotararii si autorizarii, respectiv cu pana la 46.423.132 RON („Hotararea AGEA nr. 1 din 15 decembrie 2022”);
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(A) On 15 December 2022, the Extraordinary General Meeting of Shareholders of the Company (“EGMS”) approved the delegation of the EGMS’s duties relating to the increase of the Company’s share capital to the Board of Directors, for a period of three (3) years, by one or several nominative, ordinary, dematerialized shares issues, with a nominal amount not exceeding half of the subscribed share capital existing at the resolution date (i.e. up to the amount of RON 46,423,132) (“EGMS Resolution no. 1 dated 15 December 2022”); and
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(B) La data de 25 august 2023, Consiliul de Administratie a aprobat majorarea capitalului social al Societatii de la valoarea nominala de 102.130.890 RON la valoarea nominala de pana la 142.130.890 RON („Majorarea Capitalului Social”), prin emiterea unui numar de pana la 40.000.000 actiuni noi nominative, dematerializate din Clasa A, cu o valoare nominala de 1 RON, avand fiecare o valoare nominala de 1 RON si o valoare nominala totala de pana la 40.000.000 RON („Actiunile Noi”), astfel cum a fost completata si modificata aceasta decizie prin deciziile Consiliului de Administratie din data de 26 septembrie 2023 si data de 2 octombrie 2023 (impreuna „Deciziile CA”);
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(B) On 25 August 2023, the Board approved the increase of the Company’s share capital from the nominal amount of RON 102,130,890 to the nominal amount of up to RON 142,130,890 (the “Share Capital Increase”), by issuance of a number of up to 40,000,000 new nominative, dematerialized, Class A shares, with a nominal value of RON 1 per share and a total nominal value of up to RON 40,000,000 (the “New Shares”), as such decision has been subsequently supplemented and amended by Board decisions dated 26 September 2023 and 2 October 2023 (together the “Board Decisions”);
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(C) In timpul primei etape a Majorarii de Capital Social (in cadrul careia Actiunile Noi au fost oferite spre subscriere catre actionarii din Clasa A inregistrati in registrul actionarilor Societatii tinut de catre Depozitarul Central S.A., cu data de inregistrare de 14 septembrie 2023), desfasurata in perioada 13 noiembrie 2023 – 13 decembrie 2023, au fost subscrise 3.019.208 Actiuni Noi din 40.000.000 actiuni disponibile, la un pret per Actiune Noua in valoare de 1 RON;
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(C) During the first phase of the Share Capital Increase (during which the New Shares have been offered for subscription to Class A shareholders registered in the Company’s shareholders’ registry held by Depozitarul Central S.A. at the registration date of 14 September 2023), carried out between 13 November 2023 – 13 December 2023, 3,019,208 New Shares out of 40.000.000 shares available have been subscribed, for a price per New Share of RON 1;
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(D) La data de 14 decembrie 2023, Consiliul de Administratie a aprobat:
i. ca un numar de pana la 29.807.306 Actiuni Noi ramase nesubscrise dupa prima etapa a Majorarii de Capital Social sa fie oferite spre subscriere in schimbul unor aporturi in numerar in cadrul etapei de plasament privat a Majorarii de Capital, oferta fiind adresata catre anumite persoane din Uniunea Europeana in baza exceptiilor permise de la publicarea unui prospect, inclusiv cele prevazute la articolul 1 alineat (4), literele (a) – (d) din Regulamentul (UE) 2017/1129 al Parlamentului European si al Consiliului din 14 iunie 2017 privind prospectul care trebuie publicat in cazul unei oferte publice de valori mobiliare sau al admiterii de valori mobiliare la tranzactionare pe o piata reglementata, si de abrogare a Directivei 2003/71/CE („Regulamentul privind Prospectul”) si/sau investori carora le pot fi adresate si directionate asemenea plasamente private in mod legal, in conformitate cu exceptiile de la Regulamentul S („Regulamentul S”) din Legea Privind Valorile Mobiliare din 1933 din Statele Unite ale Americii („Legea privind Valorile Mobiliare”) si fara sa existe o obligatie de conformare cu orice alte formalitati conform vreunei legi aplicabile, in masura in care si doar daca o investitie in Actiunile Noi nu constituie o incalcare a oricarei legi aplicabile de catre un asemenea investitor, desfasurat in perioada 15 decembrie 2023 – 3 ianuarie 2024; si
ii. ca un numar de de 7.173.486 Actiuni Noi ramase nesubscrise dupa prima etapa a Majorarii de Capital Social, sa fie emise in etapa plasamentului privat a Majorarii de Capital ca urmare a compensarii unor creante cu valoarea totala de 10.652.629 RON, din care 119.000 RON reprezentand creante certe, lichide si exigibile rezultate din contractele de cesiune incheiate intre Societate si detinatorii de actiuni din Clasa B in cadrul programului de rascumparare aprobat prin Hotararea AGEA din 27 aprilie 2022 si 10.533.629 RON reprezentand creanta certa, lichida si exigibila rezultata din Termenii Principali privind incetarea Contractului de Management incheiat intre Holde Agri Invest S.A. si Holde Agri Management S.R.L. la data de 22 septembrie 2018, in conformitate cu Hotararea AGEA nr. 1 din 15 decembrie 2022, in conformitate cu prevederile art. 210 alin. (2) din Legea 31/1990 a societatilor, republicata, cu modificarile si completarile ulterioare
(„Plasamentul Privat”);
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(D) On 14 December 2023, the Board approved:
i. 29.807.306 New Shares, which were not subscribed during the first phase of the Share Capital Increase, to be offered for subscription in cash in the context of the private placement phase of the Share Capital Increase, such offer being addressed to investors from the European Union in reliance on the exceptions allowed from the publication of a prospectus, including those provided in article 1 (4), letters (a) - (d) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published in the case of a public offering of securities or the admission of securities to trading on a regulated market, and repealing Directive 2003/71/EC ("Prospectus Regulation") and/or investors to whom such private placements may be otherwise lawfully addressed to and directed, in reliance of Regulation S (“Regulation S”) under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and without the need to undertake any other formalities whatsoever under any applicable law, to the extent, and only provided that, an investment in New Shares does not constitute a violation of any applicable law by such investor, such private placement taking place between 15 December 2023 – 3 January 2024; and
ii. a number of 7,173,486 New Shares, which were not subscribed during the first phase of the Share Capital Increase, to be issued in the private placement of the Share Capital Increase following the conversion of receivables in the total amount of RON 10,652,629, out of which RON 119.000 represents conversion of certain, liquid and due receivables resulting from the sale-purchase agreements concluded between the Company and the holders of Class B shares within the buy-back programme approved by EGMS Resolution dated 27 April 2022 and RON 10,533,629 represents the certain, liquid and due receivable resulting from the Main Terms regarding the termination of the Management Agreement entered into between Holde Agri Invest S.A. and Holde Agri Management S.R.L. on 22 September 2018, pursuant to the EGMS Resolution No. 1 of 15 December 2022, in accordance with the provisions of art. 210 para. (2) of Law 31/1990 on companies, republished, as subsequently amended and supplemented
(the “Private Placement”);
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(E) La data de 22 decembrie 2023, Liviu-Gabriel Zagan, Directorul General al Societatii si imputernicit conform deciziei Consiliului de Administratie din data de 14 decembrie 2023, a emis o decizie prin care s-a aprobat inchiderea anticipata a Plasamentului Privat, la data de 22 decembrie 2023; si
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(E) On 22 December 2023, Liviu-Gabriel Zagan, as General Manager of the Company and empowered person pursuant to the decision of the Board dated 14 December 2023, issued a decision approving the early closure of the Private Placement on 22 December 2023; and
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(F) In conformitate cu deciziile mentionate la punctele (A), (B), (D) si (E) din preambul, Consiliul de Administratie intentioneaza prin prezenta sa aprobe, printre altele, (i) luarea la cunostinta a rezultatelor Plasamentului Privat; (ii) constatarea si validarea rezultatele Majorarii Capitalului Social; (iii) aprobarea Actului Constitutiv actualizat al Societatii, (iv) acordarea de imputerniciri;
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(F) In accordance with the decisions mentioned at items (A), (B), (D) and (E) of the preamble, the Board intends to hereby approve, among others, (i) the acknowledgement of the results of the Private Placement; (ii) the acknowledgment and validation of the results of the Share Capital Increase; (iii) approval of the updated Articles of Incorporation of the Company, (iv) granting of powers of attorney;
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Membrii Consiliului au aprobat ordinea de zi astfel cum a fost stabilita si transmisa acestora in prealabil sedintei, au dezbatut fiecare punct al acesteia si au adoptat cu unanimitate urmatoarele decizii:
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The members of the Board have approved the agenda as such was established and communicated to them prior to the meeting, debated each item on the agenda, and have unanimously approved the following resolutions:
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1. Luarea la cunostinta a rezultatelor Plasamentului Privat
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1. Acknowledgement of the results of the Private Placement
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1.1 Consiliul ia la cunostinta ca in urma finalizarii Plasamentului Privat:
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1.1. The Board acknowledges that following the completion of the Private Placement:
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· au fost subscrise 8.950.000 Actiuni Noi, fiecare avand o valoare nominala de 1 RON si o valoare nominala totala de 8.950.000 RON; si
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· 8,950,000 New Shares, each having a nominal value of RON 1 and a total nominal value of RON 8,950,000 have been subscribed; and
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· un numar de 7.173.486 Actiuni Noi, cu o valoare nominala de 1 RON fiecare si o valoare nominala totala de 7.173.486 RON au fost emise ca urmare a operatiunii de conversie a creantelor certe, lichide si exigibile datorate de Societate in Actiuni Noi.
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· a number of 7,173,486 New Shares, with a nominal value of RON 1 each and a total nominal value of RON 7,173,486 have been issued pursuant to the conversion of certain, liquid and due receivables held against the Company in New Shares.
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2. Constatarea si validarea rezultatelor aferente Majorarii de Capital Social
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2. Ascertainment and validation of the results of the Share Capital Increase
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2.1. Consiliul constata si valideaza prin prezenta, in temeiul subscrierilor de Actiuni Noi efectuate in cadrul Majorarii de Capital Social, urmatoarele rezultate:
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2.1. The Board ascertains and validates hereby, on the basis of the subscriptions of the New Shares performed within the Share Capital Increase, the following results:
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· un numar de 3.019.208 actiuni de clasa A noi nominative, dematerializate, cu o valoare nominala de 1 RON fiecare si o valoare nominala totala de 3.019.208 RON a fost subscris in cadrul primei etape a Majorarii Capitalului Social;
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· a number of 3,019,208 new class A nominative, dematerialized shares, with a nominal value of RON 1 each and a total nominal value of RON 3,019,208 were subscribed within the first phase of the Share Capital Increase;
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· un numar de 8.950.000 actiuni de clasa A noi nominative, dematerializate, cu o valoare nominala de 1 RON fiecare si o valoare nominala totala de 8.950.000RON a fost subscris in cadrul celei de-a doua etape a Majorarii Capitalului Social; si
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· a number of 8,950,000 new class A nominative, dematerialized shares, with a nominal value of RON 1 each and a total nominal value of RON 8,950,000 were subscribed within the second phase of the Share Capital Increase; and
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· un numar de 7.173.486 actiuni de clasa A noi nominative, dematerializate, cu o valoare nominala de 1 RON fiecare si o valoare nominala totala de 7.173.486 RON au fost emise ca urmare a operatiunii de conversie a creantelor certe, lichide si exigibile datorate de Societate in Actiuni Noi in contextul celei de-a doua etape a Majorarii Capitalului Social.
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· a number of 7,173,486 new class A nominative, dematerialized shares, with a nominal value of RON 1 each and a total nominal value of RON 7,173,486 have been issued pursuant to the conversion of certain, liquid and due receivables held against the Company in New Shares in the context of the second phase of the Share Capital Increase.
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2.2. Actiunile Noi ramase nesubscrise dupa derularea Majorarii Capitalului Social, i.e., 20.857.306 Actiuni Noi sunt anulate prin prezenta.
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2.2. The New Shares remaining unsubscribed following the Share Capital Increase, i.e., 20,857,306 New Shares are hereby cancelled.
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2.3. Capitalul social al Societatii este astfel majorat de la valoarea nominala de 102.130.890 RON pana la valoarea nominala de 121.273.584 RON, prin emiterea unui numar de 19.142.694 actiuni de clasa A noi nominative, dematerializate, cu o valoare nominala de 1 RON si o valoare nominala totala de 19.142.694 RON.
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2.3. The share capital of the Company is thus increased from the nominal value of RON 102,130,890 to the nominal value of RON 121,273,584, by issuing a number of 19,142,694 new class A nominative dematerialized shares, with a nominal value of RON 1 and a total nominal value of RON 19,142,694.
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2.4. Suma de 3.479.143 RON, reprezentand diferenta dintre (i) suma totala a creantelor certe, lichide si exigibile datorate de Societate convertite in Actiuni Noi, de 10.652.626,71 RON, la care se adauga suma 2,29 RON reprezentand suma aferenta fractiunilor de Actiuni Noi rotunjite in jos, rezultate ca urmare a conversiei creantelor certe, lichide si exigibile datorate de Societate in Actiuni Noi; si (ii) valoarea nominala totala unui numar de 7.173.486 Actiuni Noi emise in cadrul Majorarii de Capital Social ca urmare a operatiunii de conversie a creantelor certe, lichide si exigibile datorate de Societate, este contribuita la capitalul social al Societatii cu titlu de prima de emisiune.
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2.4. The amount of RON 3,479,143, representing the difference between (i) the total amount of certain, liquid and due receivables held against the Company which have been converted into New Shares, of RON 10,652,626.71, to which an amount of RON 2,29 has been added, representing the amount corresponding to New Shares fractions rounded down, such fractions having resulted from the conversion of certain, liquid and due receivables held against the Company into New Shares; and (ii) the total nominal value of a number of 7,173,486 New Shares issued pursuant to the conversion of certain, liquid and due receivables held against the Company, shall be contributed to the Company's share capital as share premium.
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3. Aprobarea Actului Constitutiv actualizat
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3. Approval of the updated Articles of Association
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3.1 Consiliul aproba prin prezenta modificarea Actului Constitutiv pentru a reflecta Majorarea Capitalului Social, dupa cum urmeaza:
Articolul 4.1 din Actul Constitutiv se va modifica si va avea urmatorul continut:
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3.1. The Board hereby approves the amendment of the Articles of Association in order to reflect the Share Capital Increase, as follows:
Article 4.1. of the Articles of Association shall be amended and shall be read as follows:
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„Capitalul social al Societatii este in valoare totala de 121.273.584 Lei, din care 1.835.000 EUR si 112.688.484 Lei, subscris si varsat integral. Capitalul social este impartit in 121.273.584 actiuni nominative, fiecare avand o valoare nominala de 1 Leu si o valoare nominala totala de 121.273.584 Lei, impartit in doua clase distincte de actiuni, astfel:
a) Clasa A – Clasa actiunilor ordinare, care cuprinde un numar total de 120.577.734 actiuni, fiecare cu o valoare nominala de 1 (un) Leu si avand o valoare nominala totala de 120.577.734 Lei, reprezentand un total de 99,43% din capitalul social subscris si varsat al Societatii, si 100% din drepturile de vot;
b) Clasa B – Clasa actiunilor preferentiale cu dividend prioritar fara drept de vot, care cuprinde un numar total de 695.850 actiuni, fiecare cu o valoare nominala de 1 (un) Leu si o valoare nominala totala de 695,850 Lei, reprezentand 0,57% din capitalul social subscris si varsat al Societatii, si neavand atasate drepturi de vot.
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“The share capital of the Company is of RON 121,273,584, of which EUR 1,835,000 and RON 112,688,484, fully subscribed and paid-up. The share capital is divided in 121,273,584 nominative, each having a nominal value of RON 1 and a total nominal value of RON 121,273,584, divided in two distinct classes of shares, as follows:
a) Class A – The class of ordinary shares, comprising a total number of 120,577,734 shares, each having a nominal of RON 1 and a total nominal value of RON 120,577,734, representing 99.43% of the Company’s subscribed and paid share capital and 100% of the voting rights;
b) Class B – The class of non-voting preference shares with priority dividend, comprising a total number of RON 695,850 shares each having a nominal of RON 1 and a total nominal value of RON 695,850, representing 0.57% of the Company’s subscribed and paid share capital and having no voting rights attached.”
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4. Acordarea de imputerniciri
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4. Granting powers of attorney
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4.1 Consiliul aproba prin prezenta desemnarea si imputernicirea fiecaruia dintre Liviu-Gabriel Zagan si Iulian-Florentin Carciumaru („Reprezentantii”), actionand individual si nu impreuna, semnatura oricaruia dintre Reprezentanti angajand in mod valabil si fiind obligatorie pentru Societate, pentru a indeplini urmatoarele acte si fapte in numele si pe seama Societatii, fiind de asemenea imputerniciti sa reprezinte Societatea in legatura cu investitorii, orice persoana de drept privat sau public, orice notar public, orice banca si/sau orice terta persoana, inclusiv, fara limitare, in vederea:
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4.1. The Board hereby approves the empowerment and appointment of each of Liviu-Gabriel Zagan and Iulian-Florentin Carciumaru (the “Representatives”), individually and not jointly, the signature of any one of the Representatives being binding upon and mandatory for the Company, to do the following acts and things in the name of and on behalf of the Company, being further empowered to represent the Company in relation to the investors, any private or public person, any notary public, bank and/or any other third party, including, without limitation, to:
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4.1.1 cu putere si autoritate depline, sa semneze orice document si sa realizeze orice alta formalitate necesara, utila sau oportuna pentru inregistrarea si opozabilitatea hotararilor adoptate, inclusiv semnarea Actului Constitutiv actualizat, dupa cum va fi cazul, precum si sa semneze, sa stampileze si sa transmita orice alte documente care sunt necesare, adecvate, dezirabile, cerute, utile sau recomandabile in legatura cu exercitarea de catre Societate a tuturor drepturilor si indeplinirea tuturor obligatiilor sale rezultand din sau in legatura cu deciziile aprobate prin prezenta, inclusiv cu privire la Majorarea Capitalului Social; si
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4.1.1. with full power and authority, to execute any document, as well as to perform any other formality necessary, useful or desirable in connection with the registration and the effect towards third parties of the resolutions approved herein, including the updated Articles of Incorporation, as the case may be, as well as to sign, seal, execute and deliver any other documents, necessary, appropriate, desirable, required, useful or advisable in relation to the performance by the Company of all its rights and obligations under or in connection with the decisions adopted herein, including with respect to the Share Capital Increase; and
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4.1.2 sa reprezinte Societatea, personal sau prin reprezentanti, cu puteri si autoritate deplina in fata Registrului Comertului, ASF, Depozitarul Central S.A., notarilor publici si a oricarei alte autoritati sau terti relevanti si sa indeplineasca toate formalitatile necesare cu privire la inregistrarea sau implementarea hotararilor luate prin prezenta la orice registru sau autoritate si sa indeplineasca orice alta actiune, sa semneze si sa modifice orice document si sa indeplineasca orice formalitate necesara pentru ca aspectele decise prin prezenta sa produca efecte depline (inclusiv publicarea acestei decizii in Monitorul Oficial al Romaniei, Partea a IV-a).
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4.1.2. to represent the Company, in person or through proxies, with full powers and authority in front of the Trade Registry Office, FSA, Depozitarul Central S.A., notary public, and of any other authorities or relevant third parties and to carry out all the required formalities regarding the registration and implementation of the resolutions passed hereunder with any registrars or authorities and to take any other action, execute and amend any document and to perform any formalities necessary in order to give full effect to the matters decided herein (including the publication of this resolution in the Official Gazette of Romania, Part IV).
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4.2 Consiliul confirma prin prezenta ca Reprezentantii numiti la punctul 4.1. de mai sus pot (i) actionand individual, sa sub delege oricare si toate puterile acordate lor, dupa cum considera de cuviinta, catre persoane diferite sau catre aceeasi persoana; sau (ii) actionand impreuna, sa imputerniceasca una sau mai multe persoane sa reprezinte Societatea in vederea implementarii chestiunilor decise prin prezenta (inclusiv pentru a indeplini, in numele si pe seama Societatii, puterile mentionate la punctul 4.1. de mai sus).
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4.2. The Board hereby confirms that the Representatives named under item 4.1. above may (i) acting individually, sub-delegate any and all of their powers, as they may seem fit, to different persons or both to the same person; or (ii) acting jointly, empower one or more persons to represent the Company for the purposes of implementing the decision adopted hereby (including carrying out, for and on behalf, of the Company, the powers under item 4.1. above).
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4.3 Consiliul confirma si ratifica prin prezenta decizia mentionata la punctul (E) din preambul.
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4.3. The Board hereby confirms and ratifies the decision referred to in paragraph (E) of the recitals.
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Aceasta decizie a fost semnata in doua exemplare cu valoare de original in limbile engleza si romana, astazi, 23 ianuarie 2024. In caz de discrepante intre cele doua versiuni, va prevala versiunea in limba romana.
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This resolution was signed in two originals in English and Romanian languages, this day of 23 January 2024. In case of discrepancies between the two versions, the Romanian language version shall prevail.
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