ForFarmers N.V.: Update on share buy-back programme ForFarmers
July 27 2020 - 12:58AM
ForFarmers N.V.: Update on share buy-back programme ForFarmers
Lochem, 27 July 2020
Update on share buy-back programme
ForFarmers
ForFarmers N.V. (ForFarmers) has repurchased 71,340
shares in the period from 20 July 2020 through 24
July 2020.
The shares were repurchased at an average price of €5.59 per
share, for a total amount of €398,953. 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 and to buy back shares
for the employee participation plans for 2020. Together this will
result in a total amount of approximately €33 million.
The total number of shares that has been repurchased to date
according to these programmes is 5,349,847 shares, for a total
amount of €32,535,685. 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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