Cases & Deals

AgCert completes £20.5 million of Ordinary Shares in a secondary offering by an institutional placing and capitalization of £10 million of debt

Clients AgCert International PLC

Jones Day advised AgCert International plc on (i) a secondary offering by way of placing of shares with institutional investors to raise £20.5 million and (ii) capitalization of £10 million of debt owed to three of its major shareholders, both subject to shareholder approval. AgCert is an Irish-incorporated company based in Dublin and Florida and is a producer and seller of greenhouse gas emissions reductions from mainly agricultural sources on an industrial scale. Its existing ordinary share capital is admitted to listing on the Official List and to trading on the Main Market of the London Stock Exchange. Nomura Code Securities Limited and Hoare Govett Limited acted as joint sponsors, financial advisers, brokers, bookrunners, lead managers and underwriters.