FFARM Forfarmers NV

Lochem, 2 May 2017

 

 

On 26 April 2017, the Annual General Meeting of Shareholders authorised ForFarmers N.V. ("ForFarmers") to initiate a programme to repurchase its own shares ('share buy-back programme'). In accordance herewith, ForFarmers today initiates its share buy-back programme. 

 

In order to make the ForFarmers balance sheet more efficient, among other things, ForFarmers will repurchase its own shares for a period of 18 months for (a) an amount between € 40 million and € 60 million and (b) for the implementation of employee participation plans in 2017 (for comparison purposes: the 2016 employee participation plan involved 483,000 shares). 

 

On the first trading day of each week, ForFarmers shall publish a press release stating the progress of the share buy-back programme's execution. This announcement can be found on www.forfarmersgroup.eu. 

 

The repurchased shares will first be used for the implementation of the employee participation plans and subsequently own shares will be repurchased as previously indicated under a. As soon as the share buy-back for the employee participation plans is complete, this fact will be announced in the weekly press release.

 

This press release contains information that qualifies as inside information in the sense of Article 7 paragraph 1 of the EU Market Abuse Regulation. 

 

Caroline Vogelzang, Director Investor Relations and Communications 

T: 0031 573 288 194   M: 0031 6 10 94 91 61

E: caroline.vogelzang@forfarmers.eu

 

ForFarmers N.V. ('ForFarmers', Lochem, the Netherlands) is an internationally operating feed company that offers total feed solutions for conventional and organic livestock farming. ForFarmers gives its very best "For the Future of Farming": for the continuity of farming and for a financially secure sector that will continue to serve society for generations to come in a sustainable way. By working side-by-side with farmers ForFarmers delivers real benefits: better returns, healthier livestock and greater efficiency. This is achieved by offering tailored and Total Feed solutions and a targeted approach with specialist and expert support.

 

With sales of approximately 9.3 million tons of feed annually, ForFarmers is market leader in Europe. ForFarmers has 2,273 employees and production facilities in the Netherlands, Belgium, Germany and the United Kingdom. In 2016, revenues amounted to over €2.1 billion.

 

ForFarmers N.V., Postbus 91, 7240 AB Lochem, T: +31 (0)573 28 88 00, F: +31 (0)573 28 88 99

info@forfarmers.eu, www.forfarmersgroup.eu.