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Verde Agritech Ltd T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Bullboard Posts
Post by 15Stanmoreon Nov 13, 2020 7:57am
874 Views
Post# 31893730

Updates from UK Companies House

Updates from UK Companies HouseShareholders will recall the current corporate structure where Verde AgriTech Plc owns 100% of UK company GB01N, an inactive shell from the early days of Amazon Mining which itself holds 16% of Verde Fertilizantes Ltda., the Brazilian operating entity. Verde AgriTech Plc owns the other 84% directly.

The Registrar at the UK Companies House (the UK equivalent of SEDAR for accessing online documents for a UK registered company) issued four notices today of documents filed for GB01N as follows:

Confirmation statement made on 4 November 2020 with updates
13 Nov 2020 Notification of Verde Agritech Plc as a person with significant control

Notification of Verde Agritech Plc as a person with significant control on 4 November 2020

Director's details changed for Mr Cristiano Botelho Veloso on 4 November 2020
 
Withdrawal of a person with significant control statement on 13 November 2020

Looks like someone (legal counsel doing their due diligence perhaps) thought it necessary to get the records of this inactive Company tidied up after many years of leaving well enough alone. Perhaps preparation for some kind of deal or transaction in the days ahead?

Good question for management on the 17th - why is this happening now?
Bullboard Posts