ForFarmers N.V.: update on share buy-back programme of its own shares
May 15 2017 - 1:15AM
ForFarmers: update on share
buy-back programme of its own shares
ForFarmers N.V. (hereinafter
'ForFarmers') has repurchased 368,060 shares in the period from 8
May 2017 through 12 May 2017.
The shares were repurchased for an average price of € 8.81 per
share, for a total amount of € 3,242,758. These repurchases
were made in accordance with the authorisation granted by the
ForFarmers N.V. Annual General Meeting of Shareholders on 26 April
2017 as part of the share buy-back programme announced on 2 May
2017.
The total number of shares that has been
repurchased to date according to this programme is 595,060 shares,
for a total amount of € 5,214,470.
The share buy-back programme of ForFarmers
comprises two parts: (a) in order to make its balance sheet more
efficient ForFarmers will repurchase its own shares for a period of
18 months for 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). Part (b) of the buy-back plan, for
which 345,000 shares are required, has been finalised as currently
595,060 own shares have been repurchased. In addition, 40,000
treasury shares will be allocated to the employee participation
plans 2017.
More information about the purchase programme is
available on the ForFarmers website (www.forfarmersgroup.eu).
This press release contains information that
qualifies as inside information in the sense of Article 7 paragraph
1 of the EU Market Abuse Regulation.
·
Download weekly report regarding progress of share buy-back
programme (including the individual transactions).
Note
to the editor / For additional information:
Jos Westerhof, Manager External Communications
T : 0031 573 288 963 M: 0031 6 53 15 80
41
E:
Jos.Westerhof@forfarmers.eu mailto:caroline.vogelzang@forfarmers.eu
Company profile
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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ForFarmers N.V. via Globenewswire
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