ForFarmers N.V.: ForFarmers temporarily puts share-buyback programme on hold
March 15 2022 - 2:00AM
ForFarmers N.V.: ForFarmers temporarily puts share-buyback
programme on hold
Lochem, 15 March
2022
ForFarmers temporarily puts share-buyback programme on
hold
ForFarmers N.V. has decided to temporarily pause its share
buy-back programme of at maximum €50 million, effective as of
today. Taking into account the significantly increased uncertainty
with respect to raw material prices and gas prices due to the
recent outbreak of the war in Ukraine, ForFarmers considers it
prudent for the time being to put the capital allocation towards
the share buy-back programme on hold. In the past couple of months,
the trading volume in shares of ForFarmers was higher than average.
Accordingly, more shares were be purchased under the share buy-back
programme than was expected. As of the start of the programme on 2
December 2021 and including the shares which were repurchased
yesterday, €23,245,424 million has already been spent on
repurchasing 5,935,004 own shares. ForFarmers will inform the
market by means of a separate press release when the share buy-back
programme will be resumed. 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 RelationsT: 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 approximately 10 million tons of animal feed. The
company is operating in the Netherlands, Germany, Belgium, Poland
and the United Kingdom. ForFarmers has approximately 2,500
employees. In 2021, the turnover amounted to approximately
€ 2.7 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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