ForFarmers N.V.: Update on share buy-back programme ForFarmers
July 06 2020 - 12:55AM
ForFarmers N.V.: Update on share buy-back programme ForFarmers
Lochem, 6 July 2020
Update on share buy-back programme
ForFarmers
ForFarmers N.V. (ForFarmers) has repurchased 20,201
shares in the period from 29 June 2020 through 3 July
2020.
The shares were repurchased at an average price of €5.48 per
share, for a total amount of €110,663. These repurchases were made
in accordance with the authorisation granted by the ForFarmers
Annual General Meeting (AGM) of Shareholders on 24 April 2020 to
complete the current share buy-back programme, as announced on 3
May 2019, for a total amount of €30 million. Also, from 29 April
2020, shares were repurchased for the employee participation plans
for 2020, as announced in the press release on 24 April 2020 with
regard to the decisions of the AGM.
The total number of shares that has been repurchased to date
according to these programmes is 5,130,990 shares, for a total
amount of €31,311,528. Taking into account the shares which have
been repurchased for the employee participation plans 2019 and
2020, the total amount of the share buyback programme shall be
approximately €33 million. Of the approximately €3 million that is
related to the share buyback for the employee participation plans,
some €1.8 million has been spent in 2019 for the plans of that
year. This entails that at this moment repurchases will still take
place for approximately €1.7 million to finalise the share buyback
programme. More information about the purchase programmes is
available on the ForFarmers website www.forfarmersgroup.eu/en.
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 the weekly report regarding progress of share buy-back
programme (including the individual transactions)
Note to the editor / For additional
information:
Caroline Vogelzang, Director Investor Relations &
CommunicationsT: 0031 573 288 194 M: 0031 6 10 94 91
61E: caroline.vogelzang@forfarmers.eu
About ForFarmers N.V. ForFarmers N.V. is an
international organisation that offers complete and innovative feed
solutions for livestock farming. With its “For the Future
of Farming” mission, ForFarmers is committed to the
continuity of farming and further sustainalising the agricultural
sector.
ForFarmers is the market leader in Europe with annual sales of
10.1 million tonnes of animal feed. The company is operating in the
Netherlands, Germany, Belgium, Poland and the United Kingdom.
ForFarmers has approximately 2,600 employees. In 2019, the turnover
amounted to approximately € 2.5 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,
www.forfarmersgroup.eu
FORWARD-LOOKING STATEMENTSThis 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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