Lochem, 27 June 2023
ForFarmers cancels nearly 6 million shares on 27 June 2023
ForFarmers announces the cancellation of 5,935,004 shares on 27 June 2023.
ForFarmers has repurchased these shares for a total amount of EUR23,245,424 under
the share-buyback programme to the amount of at maximum EUR50 million, which was
approved by the General Meeting of Shareholders in 2021. On 15 March 2022,
ForFarmers announced that it considered it prudent to temporarily suspend the
share-buyback programme, which had started on 2 December 2021. Subsequently,
ForFarmers reported in its Third quarter 2022 trading update on 1 November, not
to restart the share-buyback programme.
The current share-buyback program for a maximum of 625,000 shares, for a maximum
amount of EUR3,125,000, is still ongoing. This programme started on 18 April 2023
for the purpose of ForFarmers fulfilling its obligations under the (depositary
receipts for) share-related incentive schemes and obligations from employee
participation plans 2022. The buy-back programme will end no later than December
31, 2023, or when the programme has been completed.
All the conditions for cancellation of the shares have been met. The share
capital has been adjusted in the articles of association of ForFarmers, the
announcement regarding the intended withdrawal has been made and the declaration
of no objection has been received from the Court.
After cancellation of the 5,935,004 shares, ForFarmers will have 89.283.817
issued ordinary shares, of which 89,082,499 outstanding as of today. The
cancellation of the shares in question does not affect the voting ratio or the
number of shares entitled to dividend.
More information about the share-buyback programmes is available on the
ForFarmers www.forfarmersgroup.eu (http://www.forfarmersgroup.eu) website.
This press release contains information that qualifies as inside information in
the sense of Article 7 paragraph 1 of the EU Market Abuse Regulation.
Note to the editor / For additional information:
Caroline Vogelzang, Director Investor Relations
T: 0031 573 288 194 M: 0031 6 10 94 91 61
E: caroline.vogelzang@forfarmers.eu (mailto:caroline.vogelzang@forfarmers.eu)
About ForFarmers N.V.
ForFarmers N.V. is an international organisation that provides complete
innovative feed solutions to the livestock farming industry. With its 'For the
Future of Farming' mission ForFarmers is committed to the continuity of farming
and to further increasing the sustainability of the agricultural sector.
ForFarmers is a prominent player in Europe with annual sales of around 9 million
tonnes of animal feed. The company is active in the Netherlands, Belgium,
Germany, Poland, and the United Kingdom. ForFarmers has approximately 2,500
employees. In 2022 revenue amounted to approximately EUR3.3 billion.
ForFarmers N.V. is listed on Euronext Amsterdam.
ForFarmers N.V., P.O. Box 91, 7240 AB Lochem, T: +31 (0)573 28 88 00, F: +31
(0)573 28 88 99, info@forfarmers.eu (mailto:info@forfarmers.eu),
www.forfarmersgroup.eu (http://www.forfarmersgroup.eu)
(http://www.forfarmersgroup.eu/)
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, including those relating
to ForFarmers legal obligations in terms of capital and liquidity positions in
certain specified scenarios. In addition, forward-looking statements, without
limitation, may include such phrases as "intends to", "expects", "takes into
account", "is aimed at", ''plans to", "estimated" and words with a similar
meaning. These statements pertain to or may affect matters in the future, such
as ForFarmers future financial results, business plans and current strategies.
Forward-looking statements are subject to a number of risks and uncertainties,
which may mean that there could be material differences between actual results
and performance and expected future results or performances that are implicitly
or explicitly included in the forward-looking statements. Factors that may
result in variations on the current expectations or may contribute to the same
include but are not limited to: developments in legislation, technology,
jurisprudence and regulations, share price fluctuations, legal procedures,
investigations by regulatory bodies, the competitive landscape and general
economic conditions. These and other factors, risks and uncertainties that may
affect any forward-looking statements or the actual results of ForFarmers, are
discussed in the last published annual report. The forward-looking statements in
this press release are only statements as of the date of this document and
ForFarmers accepts no obligation or responsibility with respect to any changes
made to the forward-looking statements contained in this document, regardless of
whether these pertain to new information, future events or otherwise, unless
ForFarmers is legally obliged to do so.
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