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16.06.25 - 23:03
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AGI Announces Q2 2025 Dividend (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI” or the “Company”) today announced the declaration of a cash dividend of $0.15 per common share for the second quarter ending June 30, 2025. The dividend is payable on July 15, 2025 to common shareholders of record at the close of business on June 30, 2025. The dividend is an eligible dividend for Canadian income tax purposes. AGI's current annualized cash dividend rate is $0.60 per share.
Company Profile
AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide. Contacts
For More Information Contact:Andrew Jacklin
Sr. Director, Investor Relations
+1-437-335-1630
investor-relations@aggrowth.com...
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12.06.25 - 14:48
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AGI Announces Full Exercise of Over-Allotment Option in Connection with the Public Offering of Senior Subordinated Unsecured Debentures (Business Wire)
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESWINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce the full exercise of the over-allotment option on its offering of convertible unsecured subordinated debentures (the "Debentures"), resulting in the issuance of an additional $12.75 million aggregate principal amount of Debentures, bringing the total offering to $97.75 million aggregate principal amount of Debentures.
The Debentures will bear interest from the date of issue at 7.50% per annum, payable semi-annually in arrears on June 30 and December 31 each year, commencing December 31, 2025. The Debentures will have a maturity date of June 30, 2030, and are listed for trading on the Toronto Stock Exchange under the symbol "AFN.DB.K".
The net proceeds of the offering are expected to be used to repay indebtedness under the Company's senior operatin...
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09.06.25 - 14:27
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AGI Announces Closing of $85 Million Public Offering of Senior Subordinated Unsecured Debentures (Business Wire)
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESWINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce that it has closed the previously announced public offering of $85 million aggregate principal amount of senior subordinated unsecured debentures (the “Debentures”) at a price of $1,000 per Debenture (collectively, the “Offering”). A syndicate led by CIBC Capital Markets and including National Bank Financial, TD Securities Inc., Scotia Capital Inc., ATB Securities Inc., BMO Capital Markets, RBC Capital Markets, Desjardins Capital Markets, Raymond James and Cormark Securities Inc. (collectively, the "Underwriters") acted as underwriters for the Offering.
The Debentures bear interest at 7.50% per annum, payable semi-annually in arrears on June 30 and December 31 each year, commencing December 31, 2025. The Debentures have a maturity date of June 30, 20...
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04.06.25 - 23:03
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AGI Announces Filing of Final Prospectus (Business Wire)
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The final short form prospectus is accessible through SEDAR+
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESWINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce today that it has filed, and obtained a receipt for, a final short form prospectus (the "Prospectus") in each of the provinces of Canada, other than Québec, with respect to the previously announced bought deal offering of $85 million principal amount of 7.50% senior subordinated unsecured debentures (the "Offering") through a syndicate of underwriters (the "Underwriters") led by CIBC Capital Markets. The Company has also granted the Underwriters an option to purchase up to an additional $12.75 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, from time to time, up to 30 days following the closing of the Offering...
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02.06.25 - 13:03
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AGI Announces Board Chair and Committee Chair Appointments (Business Wire)
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Daniel Halyk Appointed as Board ChairWINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we”, or “our”) announced today the appointment of Daniel Halyk as Chair of the Board of Directors effective immediately. Mr. Halyk succeeds the outgoing Chair, Janet Giesselman, who stepped down prior to this year's Annual General Meeting and who had served in the Board Chair role since 2023.
“Dan is a thoughtful, strategic leader with diverse skills that will be highly valuable for AGI as we execute our strategy,” said Paul Householder, President & CEO of AGI. “Dan's extensive operational experience will be a tremendous asset for the Company as we implement our global growth plans. I look forward to partnering closely with Dan and the entire Board to deliver on our commitments to shareholders, customers, and employees. We are equally grateful to Janet for her steady leadership and commitment to AGI over the past ten plus years.”
“It's an ho...
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21.05.25 - 22:33
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AGI Announces Approval of All Resolutions at Annual Meeting of Shareholders (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held on May 21, 2025. A total of 11,874,006 common shares, representing approximately 63% of AGI's outstanding shares, were represented in person or by proxy at the meeting.
The following nominees were elected as directors for the ensuing year, with the specific voting results being as follows:
Director
Votes For
Percentage
Votes Against
Percentage
Rohit Bhardwaj
8,934,310
75.70%
2,868,231
24.30%
Jean-Philippe Choquette
11,779,210
99.80%
23,331
0.20%
Mike Frank
8,623,174
73.06%
3,179,367
26.94%
Daniel Halyk
11,090,391
93.97%
712,150
6.03%
Paul Householder
11,112,535
94.15%
690,006
5.85%
Corrine Ricard
11,119,912
94.22%
682,629
5.78%
Mary Shafer-Malicki
7,099,816
60.15%
4,702,725
39.85%
In addition, all other resolutions presented at the meeting were approved by AGI's shareholders, including the appointment of Ernst & Young...
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21.05.25 - 13:06
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AGI Provides Governance Update (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) announced today that Janet Giesselman, the Chair of AGI's Board of Directors and a director since March 2013, and Anne De Greef-Safft, the Chair of AGI's Human Resources and Compensation Committee and a director since December 2018, have advised AGI that they will not be standing for re-election at the Annual General Meeting of shareholders (the "AGM") that will take place on May 21, 2025.
There are now seven candidates standing for election at the AGM: Rohit Bhardwaj; Jean-Philippe Choquette; Mike Frank; Daniel Halyk; Paul Householder; Corrine Ricard; and Mary Shafer-Malicki. The Board of Directors will select a new Chair in due course.
AGI's Board of Directors thanks Ms. Giesselman and Ms. De Greef-Safft for their significant contributions and service to AGI and its shareholders during their tenure.
AGI Company Profile
AGI is a provider of the equipment and solu...
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05.05.25 - 23:03
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AGI Announces First Quarter 2025 Results and Reiterates Full Year Outlook (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) today announced its financial results for the three-month period ending March 31, 2025 and reiterated its previously stated outlook for full year 2025 Adjusted EBITDA.
First Quarter 2025 Highlights
Revenue of $287 million was down 9% on a year-over-year (“YOY”) basis
Adjusted EBITDA1 of $31 million, above the $25-$30 million outlook provided by AGI
Adjusted EBITDA margin %2 of 10.9% was lower on a YOY basis due to a segment mix with a higher weighting of Commercial segment revenue relative to Farm
Free cash flow1 of $41 million on a last twelve months (“LTM”) basis ending March 31, 2025
Net debt leverage ratio2 of 3.6x at March 31, 2025 vs 3.1x at December 31, 2024
Repurchased 224,900 shares for cancellation under the Normal Course Issuer Bid at a cost of $9 million
2025 Outlook
Adjusted EBITDA guidance for the full year 2025 remains consistent with expectations of at ...
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07.04.25 - 13:06
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AGI Continues Board Refreshment with Nomination of Three New Independent Directors (Business Wire)
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New Board Chair to be Appointed Following the Company's 2026 Annual Meeting of Shareholders
WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. ("AGI" or the "Company") announces that three highly qualified and independent nominees – Jean-Philippe Choquette, Daniel Halyk, and Corrine Ricard – have agreed to stand for election as new director nominees of AGI at the Company's 2025 annual meeting of shareholders (the “Meeting”).
The Board selected Mr. Choquette, Mr. Halyk, and Ms. Ricard following a comprehensive search process that considered numerous potential candidates and included extensive engagement with AGI shareholders. A committee of independent directors led the process with support from a leading independent, internationally recognized search firm. Based on discussions with and support from significant, long-term shareholders, the board of directors (the "Board") will nominate Mr. Choquette, who is one of the Company's largest shareholders, M...
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03.04.25 - 22:21
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AGI First Quarter 2025 Results Release Date and Conference Call (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) will hold a conference call on Tuesday, May 6, 2025, at 8:00am ET to discuss its results for the three-months ending March 31, 2025. A news release announcing AGI's results will be issued after markets close on Monday, May 5, 2025.
To attend the event, please join using the AGI First Quarter Results webcast link. Alternatively, participants can dial-in using +1-833-821-0159 if calling from Canada or the U.S. and +1-647-846-2271 internationally.
A replay of the webcast will be made available on AGI's website. In addition, an audio replay of the call will be available for seven days. To access the audio replay, please dial +1-855-669-9658 if calling from Canada or the U.S. and +1-412-317-0088 internationally. Please enter access code 5753880# for the audio replay.
AGI Company Profile
AGI is a provider of the equipment and solutions required to support the efficient storage, tr...
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27.03.25 - 23:18
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XFRA : DIVIDEND/INTEREST INFORMATION - 31.03.2025 - CA0011811068 (XETRA)
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Das Instrument 7AG CA0011811068 AG GROWTH INTL INC. EQUITY wird cum Dividende/Zinsen gehandelt am 28.03.2025 und ex Dividende/Zinsen am 31.03.2025
The instrument 7AG CA0011811068 AG GROWTH INTL INC. EQUITY has its pre-dividend/interest day on 28.03.2025 and its ex-dividend/interest day on 31.03.2025...
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05.03.25 - 23:45
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AGI Announces Record Fourth Quarter 2024 Results, Provides 2025 Outlook, and Declares First Quarter 2025 Dividends (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) today announced its financial results for the three-months and year-ending December 31, 2024 and provided its outlook for 2025, in addition to declaring dividends for the first quarter of 2025.
Fourth Quarter 2024 Highlights
Revenue of $381 million was approximately flat on a year-over-year (“YOY”) basis
Adjusted EBITDA1 of $78 million, up 7% from $73 million on a YOY basis, is a record fourth quarter result
Adjusted EBITDA margin %2 of 20.5% increased by approximately 125 basis points vs 19.3% on a YOY basis
Free cash flow1 increased by 62% to $79 million on a last twelve months (“LTM”) basis ending Dec 31, 2024, relative to the LTM period ending Dec 31, 2023
Net debt leverage ratio2 of 3.1x at Dec 31, 2024 vs 3.1x at Sept 30, 2024 and 2.8x at Dec 31, 2023
Repurchased 201,400 shares for cancellation under the Normal Course Issuer Bid at a cost of $11 million
Full Year...
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23.01.25 - 11:24
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XFRA : ICFFR - ENDE DER HANDELSUNTERBRECHUNG IN DIVERSEN AKTIEN - TEIL 3 (XETRA)
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CA0011811068...
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13.01.25 - 13:03
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AGI Announces Update To 2024 Outlook (Business Wire)
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WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI”, “us”, “we”, “our”, or the “Company”) today announced an update to the outlook for our 2024 financial performance.
The Company anticipates full year 2024 results to include Adjusted EBITDA1 of approximately $260 million with Adjusted EBITDA margins2 of approximately 18.5%3.
“Our updated guidance is the result of several factors coming together over recent weeks,” commented Paul Householder, President & CEO of AGI. “The U.S. and broader North American farm market continues to be soft with a noticeable slowdown in early order program activity relative to our expectations. In addition, engineering and procurement delays on certain Commercial segment projects in Brazil will push some of the financial contributions we were expecting in 2024 into early 2025. Based on order intake trends and overall market conditions across the North American Farm segment, we are cautious about the potential for a meanin...
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08.01.25 - 13:54
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XFRA : 7AG: Wiederaufnahme/Resumption (XETRA)
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FOLGENDE(S) INSTRUMENT(E) WIRD/ WERDEN WIEDER IN DEN HANDEL AUFGENOMMEN MIT FOLGENDEM TRADING SCHEDULE.
THE FOLLOWING INSTRUMENT(S) IS/ARE RESUMED TRADING WITH FOLLOWING TRADING SCHEDULE:
INSTRUMENT NAME KUERZEL/SHORTCODE ISIN
AG GROWTH INTL INC. 7AG CA0011811068
AB/FROM ONWARDS 08.01.2025 13:48 CET...
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02.01.25 - 09:02
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XFRA : 7AG: Aussetzung/Suspension (XETRA)
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DAS/ DIE FOLGENDE(N) INSTRUMENT(E) IST/ SIND AB SOFORT AUSGESETZT:
THE FOLLOWING INSTRUMENT(S) IS/ ARE SUSPENDED WITH IMMEDIATE EFFECT:
INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL
AG GROWTH INTL INC. 7AG CA0011811068 BAW/UFN...
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