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 €23,245,424 under the share-buyback programme to the amount of at maximum €50 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 €3,125,000, 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.euwebsite.
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
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 €3.3 billion.
ForFarmers N.V. is listed on Euronext Amsterdam.
ForFarmers N.V., P.O. Box 91, 7240 AB Lochem, T: +31, 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.
