Record white wine Posip harvest for Testament Winery

Zhoda Investments' portfolio company Testament Winery, an organic wine producer located on the Dalmatian cost of Croatia, has successfully completed a record harvest of the Posip grape used to produce white wines.

This first white wine variety part of the harvest has now been completed resulting in approximately 22,000 liters of Posip wine from Testament Winery located on the coast outside the city of Sibenik. This is a significant increase from last year's production of 6,000 liters. Favorable weather conditions and strong vineyard management by the winemaker Juraj Sladic has allowed for the increased harvest while still maintaining the premium quality of the organic grapes.

In addition to the fresh white wine produced last year, Testament Winery will this year also make a traditional method skin-contact white wine fermenting on the grapes' natural yeasts.

"We have had a fantastic white wine Posip harvest this year. We are really looking forward to taking this premium wine to the market next year. The Posip wine is a true Dalmatian favorite", says Robert Karlsson, CEO of Zhoda Investments.

Testament Winery's organic vineyard covering 47 hectares is located on slopes overlooking the Adriatic Sea and contains 250,000 vines with the local Dalmatian grapes Babic, Posip, Plavac Mali and Crljenak (the original Zinfandel). The harvested Posip grape makes up less than 10 per cent of the total vines. The red wine harvest is underway and soon to be completed.

Zhoda Investments will be publishing updates on the red grape harvest in Sibenik as well on the operational development in the Smokvica winery on the island of Korcula.

Testament wines available in Sweden

As a service to Zhoda Investments' shareholders a limited number of bottles are available at Systembolaget ("beställningssortiment"). They quickly sold out during the summer but are now back and ready to be ordered.

Testament Babic Nr 73669 - red wine
Testament Posip Nr 74023 - white wine

Testament in digital media

Learn more about Testament Winery and its organic wines on Facebook and Instagram.

Visit our website www.testament-winery.com to read more about Dalmatia's two thousand year old wine history and the Testament wines.

Visit Testament Winery in Dalmatia

Testament Winery is located on a hill sloping down towards the Adriatic Sea outside the city of Sibenik, approximately 50 kilometers up along the coast from Split. Testament's winemaker Juraj Sladic is looking forward to presenting the vineyard and the wines to our shareholders.

Photos from the Posip harvest

Attached to this press release are photos from the manually harvested Posip grapes.

Stockholm, 19 October 2018

For more information, please contact:
Robert Karlsson, CEO Zhoda Investments AB
+46 709 565 141, robert.karlsson@zhodainvestments.com
www.zhodainvestments.com 

About Zhoda Investments
Zhoda Investments invests in selected unlisted European ventures and drives growth and profitability through active ownership and an entrepreneurial approach. Zhoda owns an organic winery in Dalmatia with a 47-hectare state of the art vineyard mainly producing red wine from the local Babic grape. Zhoda is also the owner of a winery on the Dalmatian island of Korcula that produces white premium wines from the indigenous Posip grape. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. For more information, visit www.zhodainvestments.com.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

Operativ uppdatering från Smokvica Winery

Tidigare i våras stärkte Zhoda Investments sin position på den kroatiska vinmarknaden genom ett kompletteringsförvärv för vita premiumviner på den dalmatinska ön Korcula. Bolaget har sedan dess tagit stora steg under en relativt kort tid och kan därför framställa cirka 40 000 flaskor av vin från druvan posip från årets skörd.


Operational update from Smokvica winery

In spring this year, Zhoda Investments strengthened its position on the Croatian wine market by making an add-on acquisition for premium white wine on the Dalmatian island of Korcula. The company has made significant progress in a short period of time and has started producing approximately 40,000 bottles of Posip wine from the 2018 harvest.


Rekordskörd av Testament Winerys vitvinsdruva posip

Zhoda Investments portföljbolag Testament Winery, en producent av ekologiska viner på Dalmatiens kust i Kroatien, har framgångsrikt slutfört en rekordskörd av vitvinsdruvan posip.


Record white wine Posip harvest for Testament Winery

Zhoda Investments' portfolio company Testament Winery, an organic wine producer located on the Dalmatian cost of Croatia, has successfully completed a record harvest of the Posip grape used to produce white wines.


Zhoda Investments B handlas på OTC-listan den 3 september 2018

BQ Broker startar handel i Zhoda Investments aktie B.


Zhoda Investments inleder handel på beQuoteds OTC-lista

Zhoda Investments har slutit avtal med beQuoted om handel i bolagets B-aktie på OTC-listan. Första dag för handel blir den 3 september 2018.


Zhoda Investments to commence trade on beQuoted's OTC list

Zhoda Investments has entered into an agreement with beQuoted regarding trade in the company's B share on the OTC list. First day of trade will be 3 September 2018.


Två guldmedaljer till Testaments vinmakare i världens största vintävling

Tio Kroatiska viner vann guldmedaljer i 2018 Decanter World Wine Awards, världens största och mest inflytelserika vintävling. Två av dessa viner är från Dalmatien, och Testaments två vinmakare Juraj Sladic och Igor Radovanovic är vinmakarna bakom dessa medaljvinnare. Det är ett mycket viktig erkännande av utvecklingen av Dalmatiens vinindustri som nu skapas av en ny generation vinmakare som fokuserar på lokala druvor, en modern framställning och utmärkande vinstilar.

Two gold medals to Testament's winemakers at the world's largest wine competition

In the 2018 Decanter World Wine Awards, the world's largest and most influential wine competition, ten Croatian wines received gold medals. Two of these wines are from Dalmatia and Testament's two winemakers, Juraj Sladic and Igor Radovanovic, are the winemakers behind these award-winning wines. It is an exceptionally important validation of the development of the Dalmatian wine industry set by the new winemaker generation, focused on indigenous varieties, modern approach and precise wine styles.

Zhoda Investments ekologiska viner från Dalmatien nu på Systembolaget

Vinerna Testament Babic och Testament Posip från Zhoda Investments vingård i Dalmatien finns nu tillgängliga för bolagets aktieägare och den svenska marknaden via Systembolagets beställningssortiment. Vinerna säljs i över 100 restauranger i Kroatien och nu kan även den svenska marknaden ta del av dessa ekologiska viner framställda av Dalmatiens ledande vinmakare.


Zhoda Investments' organic wine from Dalmatia is now available at Systembolaget

The Testament Babic and Testament Posip wines from Zhoda Investments' winery in Dalmatia are now available for the company's shareholders and the Swedish market through Systembolaget. Over 100 restaurants in Croatia sell these wines made by Dalmatia's leading winemakers and they have now been made available to the Swedish market.


Kommuniké från årsstämma i Zhoda Investments

Vid årsstämma i Zhoda Investments AB fattade aktieägarna i huvudsak följande beslut.


Communiqué from the Annual General Meeting in Zhoda Investments

The shareholders of Zhoda Investments AB passed the following main resolutions at the Annual General Meeting.


Zhoda Investments nyemission övertecknad

Zhoda Investments ("Zhoda") har framgångsrikt slutfört en nyemission med företrädesrätt för befintliga aktieägare. Nyemissionen som övertecknades med 18% tillför bolaget 20,9 miljoner kronor före emissionskostnader. Medlen ska främst användas för att utveckla Zhodas ekologiska vinverksamhet mot visionen att bli Dalmatiens ledande producent av kvalitetsviner med 1 miljon flaskor per år.


Zhoda Investments' rights issue oversubscribed

Zhoda Investments ("Zhoda") has successfully completed an issue of shares with preferential rights for shareholders. The issue was oversubscribed by 18 per cent and raised SEK 20.9 million before issue costs. The funds will primarily be used to develop Zhoda's organic wine operations towards the vision of becoming Dalmatia's leading winery with 1 million bottles of premium wine per year.


Presentationer av vd Robert Karlsson i samband med den pågående nyemissionen

Zhoda Investments ("Zhoda") genomför en företrädesemission på 21 miljoner kronor. I samband med detta har vd Robert Karlsson genomfört presentationer av emissionen och bolagets investeringsplaner. Nedan finns videolänkar till ett urval av dessa presentationer. Teckningstiden löper ut fredag 1 juni.


Presentations by CEO Robert Karlsson on the current rights issue

Zhoda Investments ("Zhoda") is currently conducting a rights issue. In connection with this, CEO Robert Karlsson has made several presentations on the issue and company's investment plans. Links to a selection of these presentations are found below. The subscription period ends on Friday 1 June.


Ny säljkanal etablerad och all olja producerad under januari-april 2018 har sålts mot förskottsbetalning

Zhoda Investments ("Zhoda") lämnar en operativ uppdatering avseende oljeverksamheten i Poltava Ukraina. Under årets fyra första månader har Zhodas 45 procentiga andel av fältets produktion uppgått till 33 000 fat olja. Bolaget har framgångsrikt etablerat en ny säljkanal för att korta ledtiden mellan produktion och erhållna betalningar. All olja producerad under årets fyra första månader har sålts mot förskottsbetalning och denna har inbringat försäljningsintäkter motsvarande cirka 16 miljoner kronor.


New sales channel established and all oil produced during January-April 2018 sold on pre-payment

Zhoda Investments ("Zhoda") presents an operational update on the oil operations near Poltava in Ukraine. During the first four months of the year, Zhoda's 45 per cent share of the field production amounted to 33 000 barrels. The company has successfully established a new sales channel to reduce the lead-time from production to receipt of payments. All of the oil produced during the first four months of the year has been sold on pre-payment, and this has generated revenues of approximately SEK 16 million.


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