Capital Increase in BasJes Holding Reserved to Gowan

Isagro S.p.A., jointly with Piemme S.r.l. (company by which it is indirectly controlled), announces that, as per the agreement signed on July 30th, 2013 and communicated on July 31st, 2013, the shareholder’s meeting of BasJes Holding S.r.l. approved recently a € 18 million capital increase reserved to Gowan Company LLC, which has been fully underwritten.

Following such capital increase, BasJes Holding, to which the controlling party Piemme transferred on October 11th, 2013 its majority stake in Manisa S.r.l. (a company controlling Holdisa S.r.l., which owns 54.7% of Isagro’s ordinary shares), is now controlled for 51% by Piemme, with Gowan entering the controlling structure of Isagro holding the remaining 49%.

Isagro and Gowan have also signed agreements for the distribution of Isagro products in the North-American and Italian markets.

Juli Jessen, Gowan Group CEO, commented - “We are enthusiastic to apply our talent in the field to Isagro excellent chemistry“.

“Thanks to a high level of reciprocal complementarity” – Giorgio Basile, President and C.E.O. of Isagro, commented – “the strategic alliance with our partner Gowan will largely contribute to Isagro’s growth in its commercial activities, while assuring Gowan access to our product portfolio and to our proven capability of innovating, both based on our discovery.”