Verde Agritech Ltd T.NPK

Alternate Symbol(s): VNPKF

Chemicals Basic Materials

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.

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Verde Agritech Ltd > March 2021 Warrant Exercise

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Comment by DiggeDiegoon Jun 12, 2021 4:37am

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Post# 33377320

RE:RE:RE:March 2021 Warrant Exercise

From management information circular dated May 20, 2021 (Sedar May 28:th) page 23

(3) Mr. Veloso used all proceeds from his annual incentive plan payment to exercise his share options and his share warrants in the Company. This is the first time that Verde has paid a bonus to Mr. Veloso in six years, despite Mr. Veloso having repeatedly met and surpassed the performance targets outlined by the Board. This is tantamount to an annual bonus of $84,628 over this six-year period if the Company had paid any bonues to Mr Veloso. It was, however, at Mr Veloso’s behest that the Board of Directors paid no bonuses until the Company became profitable.

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