Andrii Verevskyi’s company bought 36% of Kernel shares

The Namsen Limited company of Kernel founder Andriy Verevskyi bought 36% of the agricultural holding’s shares.

Previously, Namsen Limited owned 38.05% of Kernel shares. After the end of the tender, Verevsky actually owns 74% of the agricultural producer’s shares.

A tender was announced for the purchase of 62% of the shares. However, Namsen Limited bought back 30.248 million shares of the declared 52.57 million, according to the brokerage company Trigon DM.

The price of the share was 18.5 zloty ($4.26, or UAH 162.33 at the NBU rate), the total amount of the buyout was about $122.4 million.

It is noted that the buyer company will receive the rights to the shares at the time of settlement — that is, on Friday, May 12.

We will remind you that at the end of March, Andrii Verevskyi started buying up Kernel shares. His company Namsen Limited announced a tender for the purchase of 62% of the shares of the Kernel agricultural holding, which did not yet belong to it.

Owners of 22% of Kernel shares, 15 minority financial investors,did not support the delisting of the company from the Warsaw Stock Exchange. Minorities, among whom are mainly pension funds, declare that they will resort to all factual and legal actions, including those of a corporate nature, to protect their rights.