About
About GROWTH GREEN AGRICULTURE PLC
Corporate Status
Growth Green Agriculture was incorporated on 4th February 2010 as a private company limited by shares with registered number 7145886.
On 3 October 2011 Growth Green Agriculture converted to a Public Limited Company.
Growth Green Agriculture has 230 shareholders, principally in the UK, and has issued a total of 3,760,000 Ordinary Shares, with shareholder equity of the same amount.
Business
During the period FEB 2010 until end of last year (2012) Growth Green Agriculture has acquired land leases in Ukraine for 2,400 Hectares. Stov Olstas, a group established in Ukraine since 1991, has been retained as Farming Operator.
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The Ghana based company, Green Crop Farming Ghana Ltd., has been retained as Farming Operator. It is the intention to continue investing in the Ghana operation also going forward and to this mean, Growth Green Agriculture has secured an option to acquire additional 1.000 HA.
Both farming operators are obliged under a long term Management Contract to cultivate, maintain, harvest, dry, transport and sell the crop.
It is the intention of the Growth Green Agriculture Board to seek an Admission of the Ordinary Shares on a stock exchange within 6 months after the Closing Date of this Placing, and to this end, has retained London Capital NZ Ltd. as corporate adviser with a view to a listing on GxG markets in London.
In order further to protect and improve the farming assets, the Directors of Growth Green Agriculture are currently investigating
(1) diversifying the agricultural investment into other profitable geographical areas,
(2) a possible listing of the combined assets of the Company and the Farming Operator on a major stock exchange, and
(3) the conversion of the leasehold interest into shares in the Ukraine Farming Operator.
The first diversification plan is to acquire a leasehold interest in a farm in Ghana that is producing chia, a fast growing crop with, in the opinion of the Growth Green Agriculture Board, excellent profit potential.
The proceeds from the current Placing will be used for the exercise of options over land in Ghana for this purpose.
For more information visit the official Growth Green Agriculture website
