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.

"The Decanter Awards show that the Dalmatian wines are steadily growing in world recognition. It is extremely satisfying for Zhoda that the two Dalmatian gold medal wines were produced by two wine makers that now make Testament wines. We are very fortunate to have Juraj and Igor onboard to continually raise the standards of our wines to become Dalmatia's finest. We are looking forward to medals being awarded to the Testament wines in future competitions. I recommend our shareholders and wine lovers to order the limited number of bottles of Testament Babic and Testament Posip now available at Systembolaget", says Robert Karlsson, CEO of Zhoda Investments.

Decanter Awards and two Dalmatian gold medals

More than 270 of the world's top wine experts gathered in London earlier in May to start judging the 2018 Decanter World Wine Awards. Close to 17,000 wines were judged with ten Croatian wines winning gold medals, two of them from Dalmatia.

Korlat Syrah 2014 is a red wine produced at Benkovac Winery within Badel 1862. It received a gold medal. Juraj Sladic, wine maker and head of Testament's operations in Sibenik, was previously winemaker at Benkovac Winery with a 180-hectare vineyard and a production of over 500,000 bottles per year.

Nerica 2016 Posip is a white wine from the Dalmatian island of Korcula. It received the second of the Dalmatian gold medals in this year's Decanter Awards. Igor Radovanovic, wine maker and head of Testament's operations in Smokvica, is Dalmatia's leading maker of Posip wines and also the enologist behind this award-winner. This is the first gold medal not only for the island of Korcula and a Posip wine, but also for a white indigenous variety.

Zhoda Investments recently acquired the Smokvica winery on Korcula to make elegant and fresh white wines from the Posip grape. It was discovered by chance by a farmer on the island almost 150 years ago, and has since then become the most popular white grape in Dalmatia.

The wineries in Dalmatia owned by Zhoda Investments market their organic wines under the Testament brand. A Testament to the rich wine growing past - combining Dalmatia's two thousand year old winemaking tradition with the most talented new generation winemakers.

How to order Testament organic wines created by the award winning winemakers

  1. Visit your local Systembolaget or go to their website www.systembolaget.se. Do a search for Testament or enter the article number found below
  2. Order delivery to any Systembolaget store. In certain geographic areas such as Stockholm, Gothenburg, Skåne, Uppsala and Västerbotten, you can order the wine to be delivered to your home

Article number for Testament

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. Search for testamentwinery.

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. Our winemaker Juraj Sladic is looking forward to presenting the vineyard and the wines to our shareholders.

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

Stockholm, 12 July 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 producing red wine from the local Babic grape. Zhoda has also acquired 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. The company's shares are traded on Pareto Securities OTC. For more information, visit www.zhodainvestments.com.

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.


Zhoda Investments vd Robert Karlsson genomför presentationer i Stockholm och Malmö om bolagets emission och investeringsplaner

Zhoda Investments ("Zhoda") offentliggjorde den 7 maj 2018 en företrädesemission på 21 miljoner kronor. I samband med detta kommer vd Robert Karlsson att genomföra presentationer av emissionen och bolagets investeringsplaner. Syftet med emissionen är att finansiera utvecklingen av den ekologiska vinverksamheten i Dalmatien. Bolaget bedriver även en oljeverksamhet med bevisade reserver i Poltava som gynnas av de stigande oljepriserna.


Presentations in Stockholm and Malmö by Zhoda Investments CEO Robert Karlsson on the rights issue and investment program

On 7 May 2018, Zhoda Investments ("Zhoda") announced a rights issue of SEK 21 million and CEO Robert Karlsson will be presenting the issue and the company's investment program. The issue will raise funds for the development of the organic wine operations in Dalmatia. The company also holds an investment with proven oil reserves in Poltava, currently benefiting from the rising oil price.


Zhoda Investments inleder teckningsperioden och publicerar memorandum

Den 7 maj 2018 offentliggjorde Zhoda Investments ("Zhoda") att styrelsen beslutat att på basis av ett bemyndigande från årsstämman genomföra en nyemission med företräde för befintliga aktieägare. Idag inleds teckningsperioden och i samband med detta publicerar bolaget ett informationsmemorandum som beskriver bolaget och emissionen. Emissionshandlingar med information om hur man tecknar sig skickas ut till aktieägarna och information finns även tillgänglig på bolagets hemsida.


Zhoda Investments commences the subscription period and publishes an investment memorandum

On 7 May 2018, Zhoda Investments ("Zhoda") announced that the Board of Directors, based on a mandate from the AGM, had resolved to carry out an issue of shares with preferential rights for existing shareholders. The subscription period begins today and the company therefore publishes an investment memorandum (in Swedish) with information on the company and the issue of shares. Issue documents with instructions on how to subscribe are being distributed to the shareholders and are also available on the company's website.


Kallelse till årsstämma i Zhoda Investments

Aktieägarna i Zhoda Investments AB (publ), organisationsnummer 559030-3490 (nedan "Bolaget") kallas till årsstämma den 13 juni 2018 kl. 16.00 på Vinkällaren Grappe, Grevgatan 5, i Stockholm.

Notice to Annual General Meeting of shareholders in Zhoda Investments

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 16.00 CET on 13 June 2018, at Vinkällaren Grappe, Grevgatan 5, in Stockholm.

Zhoda Investments genomför företrädesemission för fortsatta investeringar

 Zhoda Investments ("Zhoda") har utvecklats väl sedan bolaget antog den nya verksamhetsinriktningen för cirka ett och ett halvt år sedan. En ekologisk vinverksamhet har etablerats i Dalmatien. Oljeverksamheten i Ukraina har fått en långsiktig bas genom förlängningen på 20 år av den licens som ger rätt att utvinna olja. Rörelseresultatet för 2017 uppgick till 14 miljoner kronor. För att kunna utveckla befintliga innehav vidare och ha en beredskap för tilläggsinvesteringar har styrelsen beslutat genomföra en nyemission med företräde för befintliga aktieägare. Styrelse och ledning har lämnat avsiktsförklaringar att teckna sig för sina andelar på 9,9 miljoner kronor, vilket motsvarar 48% av emission som maximalt kan uppgå till 20,9 miljoner kronor.


Zhoda Investments announces a preferential rights issue for further investments

Zhoda Investments ("Zhoda") has had a solid development since the company assumed its new business focus 18 months ago. The company has acquired and transformed an organic wine business in Dalmatia. In addition, a long-term base for the oil operations in Ukraine has been established through the prolongation for 20 years of the license to extract oil. The operating profit for 2017 amounted to SEK 14 million. In order to create a financial base to further develop the current holdings and to make add-on investments the board of directors has resolved to conduct a new issue of shares with preferential rights for the current shareholders. The Board of Directors and Management have declared their intent to subscribe for their preferential rights, which amounts to SEK 9.9 million or 48 per cent of the maximum issue of SEK 20.9 million.


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