The Management Board of AS “Agrova Baltics” (Nasdaq Baltic First North: EGG) has convened an extraordinary shareholders’ meeting to be held on April 23, 2026, to decide on the company’s further development, including the implementation of a new bond issuance in the amount of EUR 30 million. The bonds are planned to be issued under a programme with a public offering available to investors across all three Baltic states. The purpose of the issuance is to finance the company’s investment programme and partially refinance existing liabilities.
Investments in production expansion in Alūksne and Preiļi
The raised financing will be allocated to the “Agrova Baltics” investment programme in Alūksne and Preiļi, where the company plans to significantly expand its production infrastructure.
Jurijs Adamovičs, Chairman of the Management Board of “Agrova Baltics”: “This is the next logical step in the development of the Agrova Group. We are consistently strengthening our position as a vertically integrated producer while increasing production capacity and efficiency. The planned investment programme will not only significantly expand our operations in Alūksne and Preiļi, but also enable us to complete the transition to 100% cage-free egg production by 2028, where we see strong long-term growth potential both in the Baltics and in export markets.”
The programme includes the construction of three new poultry houses, modernization of the egg sorting and packing centre, expansion of the feed production facility, development of organic fertiliser production, and improvements to related infrastructure.
As a result, a fully integrated, modern production complex covering the entire value chain will be established in Alūksne, while a pullet rearing farm will be developed in Preiļi. The project is closely aligned with Agrova’s zero-waste strategy, ensuring efficient use of by-products and reinforcing the company’s commitment to sustainable production practices.
It is planned that the construction of the three new poultry houses in Alūksne will be completed in the first half of 2027. Following the project, the share of cage-free eggs will reach approximately 90% of total production capacity. By 2028, “Agrova Baltics” plans to fully transition to 100% cage-free egg production, becoming the first company in the Baltics to achieve this.
Shareholders’ meeting details and participation options
The extraordinary shareholders’ meeting will take place on April 23, 2026, at 14:00 at Malduguņu Street 4, Mārupe, Business Garden Riga conference premises. Shareholders will have the option to participate in person or remotely, as well as to vote in writing prior to the meeting.
Shareholders are invited to use the opportunity to vote in advance by submitting a vote signed with a secure electronic signature to: investors@agrova.com or by delivering it in paper form to the company’s registered office.
More detailed information, including voting and proxy forms, is available on the company’s website www.agrova.com and on the Nasdaq Baltic website www.nasdaqbaltic.com.