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 focuses on exciting unlisted companies that an individual investor may not be able to find or manage on his own. About a year ago, we acquired an organic 47-hectare vineyard in Dalmatia that produces excellent wines on local grapes. Based on Dalmatia's proud two thousand year old wine tradition, we are producing premium wines with new technology and the country's leading wine makers. The company also holds an interest in a producing oil field with proven reserves near Poltava in Ukraine, which posts healthy profits especially in these times with a strong increase in the oil price. Zhoda Investments is now conducting a rights issue of SEK 21 million for new investments in the wine operations. The vision is to become Dalmatia's leading wine producer with a yearly output of 1 million bottles. The board and management of Zhoda will subscribe for SEK 10 million, almost half of the total issue. I am looking forward to the upcoming investor meetings where I will present why Zhoda Investments may become an investment that stands out not only by creating exceptional value, but also by offering a pleasant and interesting journey", says Robert Karlsson, CEO of Zhoda Investments.
Aktiespararna - Aktiedagen in Malmö 22 May 2018
CEO Robert Karlsson will make a presentation during Aktiespararnas Aktiedag 22 May 13.50 at Kockum Fritid, Västra Varvsgatan 8 in Malmö.
The program and registration form are available at www.aktiespararna.se/evenemang
Financial Stockholm 28 May 2018
CEO Robert Karlsson will participate in an investment seminar on 28 Maj 19.00 at Hotell Scandic Anglais on Humlegårdsgatan 23 i Stockholm.
The program and registration form are available at www.financialstockholm.com. The number of participants is limited. The presentation will be followed by a wine tasting of the Testament Babic and Testament Posip from Zhoda Investments organic vineyard in Dalmatia. Testament to the rich wine growing past.
The rights issue in summary
- Subscription period 17 May - 1 June 2018
- Rights issue to raise approximately SEK 21 million
- Subscription price of SEK 0.08 per share
- Issue with preferential rights whereby 1 current share entitles the holder to subscribe for 2 new shares
- The board and management have declared their intent to subscribe for approximately SEK 10 million, equivalent to 48 per cent of the total issue
- Subscription documents will be sent to all shareholders
- New shareholders may apply for subscription on a designated form
- More information is available at www.zhodainvestments.com
Valuation and new trading platform for the shares
The valuation in the issue is lower than operational profit 2017 and significantly lower than the company's equity.
- The subscription price amounts to SEK 0.08 per share, which implies a pre-money valuation of approximately SEK 10.5 million.
- During 2017, the operating profit per share amounted to SEK 0.11 per share and the operating profit to SEK 14.1 million.
- Equity per share attributable to Zhoda's shareholders as of 31 December 2017 amounted to SEK 0.49 per share and equity to SEK 64.5 million
Following the completion of the issue the company will apply for trade in the share at beQuoted's OTC market.
Attachment: Teaser - Summary of the rights issue including subscription form (in Swedish)
Stockholm, 18 May 2018
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.
This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.
Zhodas Investments helägda dotterbolag Testament Winery är Kroatiens första svenska vingård. Målet är att skapa Kroatiens bästa vin. Vingården har beviljats ett investeringsbidrag på upp till 15 miljoner kronor för att bygga ett nytt vineri för att öka och effektivisera produktionskapaciteten samt skapa nya intäktsströmmar från gårdsförsäljning och vinprovningar.
Zhoda Investments' wholly owned subsidiary Testament Winery is Croatia's first Swedish winery. The goal is to create Croatia's best wine. The company has been granted an investment subsidy of up to SEK 15 million for the construction of a new winery designed to increase and optimize production capacity and create new revenue streams from sales and tastings at the winery.
Inför dagens årsstämma lämnar Zhoda Investments ("Zhoda") en operativ uppdatering. Världens ekonomier stabiliseras och steg för steg har resande och restaurangnäringen börjat återgå till det normala, vilket ger väsentligt bättre marknadsvillkor för Zhodas verksamheter. Vinverksamheten redovisar en kraftigt ökad försäljning och dagens oljepris på över 70 dollar per fat ger gynnsamma förutsättningar för oljeverksamheten.
Ahead of today's Annual General Meeting, Zhoda Investments ("Zhoda") announces an operational update. The world economy has stabilized and international travel and the restaurant sector are step-by-step returning to levels that existed prior to the pandemic, which results in significantly improved market conditions for Zhoda's operations. The wine operations continue to show strong growth and today's oil price of over 70 dollars per barrel provides a healthy platform for the oil operations.
Zhoda Investments ("Zhoda") publicerar idag årsredovisningen för 2020.
Zhoda Investments ("Zhoda") publishes its annual report for 2020.
Aktieägarna i Zhoda Investments AB (publ), organisationsnummer 559030-3490 (nedan "Bolaget") kallas till årsstämma den 23 juni 2021 kl. 15.00 på Grev Turegatan 18 (Alpcot), 2 tr i Stockholm.
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 15.00 CET on 23 June 2021, at Grev Turegatan 18 (Alpcot), 2nd floor, in Stockholm.
Zhoda Investments ("Zhoda") lämnar en operativ uppdatering från vinverksamheten i kustregionen Dalmatien i Kroatien.
Zhoda Investments ("Zhoda") announces an operational update from the wine operations in the coastal region Dalmatia in Croatia.
Zhoda Investments ("Zhoda") lämnar en operativ uppdatering från oljeverksamheten i Ukraina.
Zhoda Investments ("Zhoda") announces an operational update from the oil operations in Ukraine.
Idag lanseras Testament Winerys första vin på hyllan. När Systembolaget skulle välja ut ett kroatiskt vin att sälja i 123 butiker vann The Dalmatian Dog. Detta är ett viktigt steg för Testament Winery att nå sitt mål - att skapa Kroatiens bästa vin.
Today Testament Winery is launching its first wine at Systembolaget. When the state monopoly selected a Croatian wine to be sold in 123 stores in Sweden, The Dalmatian Dog was chosen. This is an important milestone for Testament in reaching its goal - to create Croatia's best wine.
När världens största vintävling Decanter World Wine Awards nyligen avgjordes blev det storslam för Testament Winery. Ingen kroatisk vingård fick fler medaljer. Detta är ett stort erkännande för bolagets vinmakare och ett viktigt steg i målet att skapa Kroatiens bästa vin.
Testament Winery received more medals than any other Croatian winery when the results from the Decanter World Wine Awards, the world's largest and most influential wine competition, were announced. Judged by the top wine experts from around the globe, this is a huge recognition for the company's winemakers and an important step in reaching the objective of creating Croatia's best wine.
Zhoda Investments ("Zhoda") lämnar en operativ uppdatering avseende vinverksamheten belägen i kustregionen Dalmatien i Kroatien. Pandemin i världen har minskat resandet och inneburit en lägre aktivitet i restaurangnäring. Bolagets har trots detta hittills i år sålt lika många flaskor som för helåret 2019. Det varma vädret med låg nederbörd har inneburit en lägre skörd än tidigare år, men kvaliteten på druvorna är mycket hög och 2020 bedöms kunna ge den bästa årgången i bolagets historia. Att Testaments viner nyligen belönades med flera ädla medaljer i världens största vintävling Decanter är ett fint erkännande för bolagets vinmakare.
Zhoda Investments ("Zhoda") announces an operational update on the wine operations located in the coastal region of Dalmatia in Croatia. The outbreak of the pandemic has led to a decrease in international travel as well as lower activity in the restaurant sector. Despite this the company has managed to sell as many bottles to date in 2020 as for the full year 2019. The warm weather with little rain has led to a lower harvest compared to previous years, but the quality of the grapes is very high and 2020 has the potential to become the best vintage in the company's history. Testament's wines were recently awarded with several gold medals in Decanter, the world's largest wine competition, demonstrating the high level of expertise of the company's winemakers.