Market announcement
AS PRFoods
Category
Notifications of major holdings
Date
06.12.2023 21:22:40
Title
OÜ REDSTORM 51% osaluse ja hoonestusloa müük
Message
OÜ REDSTORM 51% osaluse ja hoonestusloa müük
AS-i PRFoods (registrikood 11560713) tütarettevõtjale Saaremere Kala AS-ile
(registrikood 11310040) kuulus OÜ-s REDSTORM (registrikood 11228060) 51% osalus,
nimiväärtusega 2050 eurot, ja kuulub Tarbijakaitse ja Tehnilise Järelevalve
Ameti poolt 19.09.2023 otsusega nr 1-7/23-317 väljastatud hoonestusluba.
OÜ REDSTORM põhitegevus on vikerforelli kasvatamine meres.
Saaremere Kala AS-ile kuuluva hoonestusloa eesmärgiks on avaliku veekogu
koormamine vesiviljelusrajatistega avamere kalakasvatuse rajamise eesmärgil.
Saaremere Kala AS on sõlminud 01.12.2023 müügilepingu ja 06.12.2023 selle lisa,
mille kohaselt müüs Saaremere Kala AS:
1. kogu talle kuuluva OÜ REDSTORM osaluse, 51% kogu kapitalist, osa
nimiväärtusega 2050 eurot, osaühingule SAARE FISHEXPORT (registrikood
10723478);
2. Tarbijakaitse ja Tehnilise Järelevalve Ameti poolt 19.09.2023 otsusega nr
1-7/23-317 väljastatud hoonestusloa osaühingule Energy Port (registrikood
14785192).
Osaühingule SAARE FISHEXPORT kuulus ka käesoleva teates viidatud tehingu eelselt
49% osalus OÜ-s REDSTORM. Osaühing SAARE FISHEXPORT omandas 49% osaluse OÜ-s
REDSTORM selle varasemalt osanikult osaühingult Fodiator (registrikood
11362953).
Osaühing Energy Port kuulub alates 28.11.2023 100% osaühingule SAARE FISHEXPORT.
Saare Kala Tootmine OÜ, Saaremere Kala AS 100% tütarettevõte, on sõlminud
pikaajalise koostöölepingu Redstorm OÜ-ga, viimase poolt kasvatatud kala
edasimüügiks ja töötlemiseks, tagamaks Saare Kala Tootmisele kohaliku kala
tarned.
Tehing seotud isikute vahel, juhtkonna ja seotud isikute huvid
Tulenevalt eelnevalt kirjeldatud seostest emitendiga on tegemist tehingutega
seotud isikuga, kelleks on osaühing SAARE FISHEXPORT. Tehingud vajavad
AS PRFoods aktsionäride heakskiitu, kuivõrd NASDAQ Tallinna börsi reglemendi
kohaselt on tegemist seotud isikuga tehtava olulise tehinguga ning selleks
viiakse läbi AS PRFoods aktsionäride otsuste hääletus koosolekut kokku kutsumata
esimesel võimalusel, kui on kogu NASDAQ Tallinna börsi reglemendi kohaselt
koosolekuks vajalik materjal kogutud. Seoses kavandatava tehinguga tasub
osaühing Redstorm omandajalt saadavate vahendite eest erinevaid kohustusi:
Saaremere Kala AS-i laenud ja võlgnetavad ostuarved, AS-ile PRFoods võlgnetavad
ostuarved, Amber Trust II S.C.A. SICAR ja Lindermann, Birnbaum & Kasela OÜ ees
olevad kohustused.
Emitendi nõukogu ja juhatuse liikmed ei ole kirjeldatud tehingust muul viisil
isiklikult huvitatud. Osaühing Redstorm ei ole emitendi oluline tütarettevõte.
Vara üle andmine ja selle eeltingimused
OÜ REDSTORM 51% osalus anti üle müügilepingu sõlmimisel. Müüdava hoonestusloa
üle andmiseks on vajalik Tarbijakaitse ja Tehnilise Järelevalve Ameti poolt
haldusakti tegemine, millega muudetakse hoonestusloa omajat. Viidatud haldusakti
väljastamise eelduseks on Saaremere Kala AS-i poolt vastava taotluse esitamine
Tarbijakaitse ja Tehnilise Järelevalve Ametile, mis omakorda sõltub järgnevate
eelduste täidetusest:
1. Osaühing Energy Port kui hoonestusloa ostja on kandnud müügihinna (va
sellelt arvestatud käibemaksu (arvestatud kogu tehingu maksumuselt)) summas
2 000 000 eurot notari deposiiti, vastavalt poolte vahel sõlmitud
hoiustamise ametiteenuse lepingule; ja
2. Müüja emaäriühingu AS PRFoods aktsionärid on heaks kiitnud hoonestusloa
müümise osaühingule Energy Port, juhul kui börsi reglemendist tulenevalt on
selline heakskiit vajalik.
Müügilepingu poolte omavahelise kokkuleppe alusel loetakse hoonestusluba üle
antuks pärast esimese müügihinna osa ja käibemaksu laekumist müüjale.
Müügihind ja selle tasumine
OÜ REDSTORM müüdava osa eest kuulus tasumisele summa 313 348 eurot, mis tasuti
lepingu sõlmimisel müüdud osa üle kandmisel, ja millele lisandub 2023 aasta
kasvatushooaja biomassi realiseerimisest saadud tulemist 51%, mis tasutakse
10.01.2024. OÜ REDSTORM on 2023 aasta kasvatushooaja biomassi realiseerimiseks
sõlminud lepingu Saare Kala Tootmine OÜ-ga (registrikood 10377013).
Lepingu sõlmimisel võeti kohustus tagastada ka Saaremere Kala AS-i laen OÜ-le
REDSTORM summas 547 115 eurot (sisaldab ka intresse), tasuda Saaremere Kala AS-i
ostuarve summas 2 555 eurot ja PRFoods AS-i arve summas 10 427 eurot, millised
kohustused said täidetud 04.12.2023.
Müügilepingu kohaselt tasutakse hoonestusloa eest 2 500 000 eurot, millele
lisandub käibemaks, millest 2 000 000 eurot koos kogu tehingule lisanduva
käibemaksuga kuulub tasumisele hoonestusloa omaja muutmise haldusakti tegemise
järgselt, 250 000 eurot tasutakse hiljemalt 10.01.2025 ja 250 000 eurot
tasutakse hiljemalt 10.01.2026.
Hoonestusloa eest esimese osamakse (2 000 000) tasumiseks kasutatakse notar
Mari-Liis Parmase deposiitkontot, kes kohustub selle kandma Saaremere Kala AS-
ile 3 tööpäeva jooksul alates hetkest, mil osaühingu Energy Port on vastava
Tarbijakaitse ja Tehnilise Järelevalve Ameti otsuse alusel saanud hoonestusloa
omajaks, müüja ja ostja on teinud notarile vastava korralduse ja tingimusel, et
see on juhtunud enne 31.01.2024 ning kui see ei ole juhtunud hiljemalt
31.01.2024, siis kannab notar deponeeritud hoonestusloa müügihinna koos
käibemaksuga tagasi osaühingule Energy Port ja kummalgi poolel on õigus sõlmitud
müügilepingust taganeda. Hoonestusloa müügihinnalt arvestatud käibemaksu osa
tasutakse hiljemalt 19.01.2024.
Osaühing SAARE FISHEXPORT annab käenduse tagamaks osaühingu Energy Port
kohustust tasuda hoonestusloa ostuhinna järelmakse osa.
Tehingu mõju AS-ile PRFoods
Tehingute eesmärk on kontserni võlakohususte vähendamine. Mõju AS PRFoods
konsolideeritud aruannetele 2023-2024. majandusaastal on eeldatav OÜ REDSTORM
osade ja hoonestusõiguse müügihind 2 813 313 eurot, millele lisandub biomassi
eest makstav tasu, mille summa selgub vastavalt ülalpool kirjeldatule. Saadavat
tulu vähendatakse 51% proportsioonis OÜ REDSTORM netovaraga 30.11.2023 seisuga
(esialgsete arvutuste põhjal 222 000 eurot, konsolideeritud), firmaväärtusega
summas 2 154 000 eurot (konsolideeritud) ning hoonestusõiguse bilansilise
väärtusega summas 666 000 eurot. Esialgne erakorraline tulem tehingust on -229
000 eurot (konsolideeritud koos kogu segmendi goodwilli mahaarvamisega.
Konsolideerimata neto tulemus on 1,923 miljonit eurot erakorralist kasumit,
juhul kui maha arvatud ainult Redstorm OÜ-ga seotud goodwill), millele lisandub
biomassi eest makstav tasu, mis mõjutab positiivselt lõplikku tulemit. Tehingu
kogumõju avaldatakse AS-i PRFoods 2023-2024 majandusaasta I poolaasta
vahearuandes.
Emitendi juhatuse hinnangul ei kahjusta planeeritavad tehingud tehinguga
mitteseotud aktsionäride huve. Üldkoosoleku korraldamise korral esitab emitent
koosoleku kokkukutsumise teate avaldamisel ka muud börsi reglemendi kohaselt
nõutud dokumendid..
Indrek Kasela
AS PRFoods
Juhatuse liige
T: +372 452 1470
investor@prfoods.ee
www.prfoods.ee
Title
AS PRFoods: Sale of 51% share of OÜ REDSTORM and fish farming licence
Message
AS PRFoods: Sale of 51% share of OÜ REDSTORM and fish farming licence
AS Saaremere Kala (registry code 11310040), which is a subsidiary of AS PRFoods
(registry code 11560713), was the owner of a 51% share of OÜ REDSTORM (registry
code 11228060) with a nominal value of EUR 2,050, and is the holder of a
superficies licence issued by the Consumer Protection and Technical Regulatory
Authority on 19.09.2023 under decision no. 1-7/23-317.
The main activity of OÜ REDSTORM is fish farming in Saaremaa, Estonia.
The purpose of the licence held by Saaremere Kala AS is to encumber a public
water body for the purpose of constructing aquacultural facilities for fish
farming at sea.
Saaremere Kala AS concluded a sales contract on 01.12.2023 and an Annex thereto
on 06.12.2023, under which Saaremere Kala AS sold:
1. its whole shareholding in OÜ REDSTORM, namely a share with the nominal value
of 2,050 euros representing 51% of the company's share capital, to OÜ SAARE
FISHEXPORT (registry code 10723478); and
2. the superficies licence issued by the Consumer Protection and Technical
Regulatory Authority on 19.09.2023 under decision no. 1-7/23-317 to OÜ
Energy Port (registry code 14785192).
Prior to the transaction described in this notification, OÜ SAARE FISHEXPORT
already had a 49% shareholding in OÜ REDSTORM. OÜ SAARE FISHEXPORT acquired the
49% shareholding in OÜ REDSTORM from the company's former shareholder OÜ
Fodiator (registry code 11362953).
OÜ Energy Port is fully (100%) owned by OÜ SAARE FISHEXPORT as of 28.11.2023.
Saare Kala Tootmine, 100% owned Subsidiary of Saaremere Kala and Redstorm OÜ
also concluded long term agreement on sale and processing of fish farmed by
Redstorm OÜ to continue the supply of locally farmed fish for Saare Kala
Tootmine
Transaction between related parties; interests of the management and related
parties
Considering the abovementioned relations with the issuer, the transactions in
question are transactions with a related party, namely OÜ SAARE FISHEXPORT. The
transactions require approval from the shareholders of AS PRFoods because they
are material transactions with related parties within the meaning of NASDAQ
Tallinn Rules, and a vote without calling a meeting of the shareholders of AS
PRFoods shall be held as soon as possible, after all the materials required for
a meeting under NASDAQ Tallinn Rules have been prepared. In connection with the
proposed transaction, OÜ Redstorm shall use the proceeds received from the buyer
to pay various obligations: loans and outstanding purchase invoices of Saaremere
Kala AS, purchase invoices owed to AS PRFoods, obligations due to Amber Trust II
S.C.A. SICAR and to Lindermann, Birnbaum & Kasela OÜ.
The members of the issuer's supervisory board and management board have no other
personal interest in the transaction in question. OÜ Redstorm is not an
important subsidiary of the issuer.
Asset transfers and their preconditions
The 51% shareholding in OÜ REDSTORM was transferred upon conclusion of the sales
contract. The transfer of the sold superficies licence requires an
administrative act by the Consumer Protection and Technical Regulatory Authority
by which the holder of the superficies licence is replaced. The precondition for
obtaining the said administrative act is a relevant application to be submitted
by Saaremere Kala AS to the Consumer Protection and Technical Regulatory
Authority, which is in turn subject to the following preconditions:
1. OÜ Energy Port as the buyer of the superficies licence has deposited the
purchase price (exclusive of VAT (calculated on the full value of the
transaction)) of EUR 2,000,000 with the notary in accordance with the
professional deposit service agreement between the parties; and
2. the shareholders of the seller's parent company AS PRFoods have approved the
sale of the superficies licence to OÜ Energy Port, if such approval is
required under exchange rules.
By mutual agreement of the parties of the sales contract, the superficies
licence shall be deemed transferred after the seller has received the first
instalment of the sales price and the VAT.
Sales price and terms of payment
The share of OÜ REDSTORM was sold for a price of EUR 313,348, fully paid when
the contract was concluded and the share was transferred, which shall be
complemented by 51% of revenue from the sale of biomass from the 2023 farming
season, payable on 10.01.2024. OÜ REDSTORM has concluded a contract with Saare
Kala Tootmine OÜ (registry code 10377013) for the sale of biomass from the 2023
farming season.
The contract was concluded with the obligation to repay a loan obtained by
Saaremere Kala AS from OÜ REDSTORM in the amount of EUR 547,115 (inclusive of
interest), to pay a EUR 2,555 purchase invoice of Saaremere Kala AS and a EUR
10,427 invoice of PRFoods AS, all of which were paid on 04.12.2023.
According to the sales contract, the price of the superficies licence is EUR
2,500,000 (exclusive of VAT), of which EUR 2,000,000 plus VAT for the whole
transaction shall be paid after the administrative act replacing the holder of
the superficies licence is issued, EUR 250,000 is payable by 10.01.2025 and EUR
250,000 by 10.01.2026 at latest.
The first instalment of the price of the superficies licence (EUR 2,000,000)
shall be paid through the deposit account of notary Mari-Liis Parmas, who
undertakes to transfer the said amount to Saaremere Kala AS within 3 business
days after OÜ Energy Port has become the holder of the superficies licence under
the relevant decision by the Consumer Protection and Technical Regulatory
Authority and the seller and the buyer have instructed the notary to make the
payment and this has occurred before 31.01.2024; if this has not occurred by
31.01.2024 at latest, the notary shall return the deposited purchase price of
the superficies licence and the VAT amount to OÜ Energy Port and each party has
the the right to withdraw from the sales contract. The VAT calculated on the
sales price of the superficies licence shall be paid by 19.01.2024 at latest.
OÜ SAARE FISHEXPORT gives a surety for OÜ Energy Port's obligation to pay the
remaining part of the purchase price of the superficies licence.
Effect of the transaction on AS PRFoods
The purpose of the transactions is to concentrate on fish processing and reduce
overall debt level. The effect on the 2023/2024 consolidated accounts of AS
PRFoods includes the assumed total sales price of EUR 2,813,313 for the OÜ
REDSTORM share and the superficies licence, plus the biomass revenue which shall
be determined as described above. The proceeds are reduced by 51% in proportion
with the net assets of OÜ REDSTORM as of 30.11.2023 (EUR 222,000 according to
initial calculations, consolidated), goodwill in the amount of EUR 2,154,000
(consolidated. Redstorm goodwill is 448 keur)) and the EUR 666,000 balance sheet
value of the superficies licence. The initial exceptional income from the
transaction is EUR -229,000 eurot (consolidated, incl goodwill writeoff for the
entire segment. Unconsolidted net effect is 1.923 mEUR, incl goodwill write off
related only to Redstorm OÜ), plus the biomass revenue which will have a
positive effect on the final price. The total effect of the transaction shall be
reported in the 2023/2024 H1 interim accounts of AS PRFoods.
According to the assessment of the issuer's management, the proposed
transactions do not affect the interests of shareholders not involved in the
transactions. If and when a general meeting is held, the issuer shall provide
the rest of the documents required by exchange rules when dispatching the notice
convening the meeting.
Indrek Kasela
AS PRFoods
Management Board Member
T: +372 452 1470
investor@prfoods.ee
www.prfoods.ee