ForFarmers N.V.: Resolutions Annual General Meeting of Shareholders ForFarmers N.V.
April 14 2022 - 7:49AM
ForFarmers N.V.: Resolutions Annual General Meeting of Shareholders
ForFarmers N.V.
Lochem, 14 April 2022
Resolutions Annual General Meeting of Shareholders ForFarmers
N.V.
During the Annual General Meeting of Shareholders of
ForFarmers N.V. (hereafter: the ‘General Meeting’ and ‘ForFarmers’
respectively), which was held today, the shareholders adopted the
ForFarmers annual accounts over the 2021 financial year and
approved the dividend proposal for the same financial
year. Dividend of €0.29 per ordinary share (€0.19
dividend and €0.10 special dividend) will be paid entirely in cash
to the shareholders of ForFarmers, after deducting 15% dividend
tax. The ex-dividend date is 20 April 2022 and payment will take
place on 28 April 2022. Other resolutions
- An advisory vote was cast in favour of the 2021 remuneration
report (95.1% in favour; 4.9% against).
- All members of the Executive Board have been discharged from
performing their duties during the financial year 2021.
- All members of the Supervisory Board have been discharged from
performing their duties during the financial year 2021.
- KPMG Accountants N.V. has been appointed as auditor of
ForFarmers for auditing the 2022 financial statements and executive
board report.
- The remuneration policy for the Executive Board and the
Supervisory Board has been adopted, effective as of the financial
year 2022.
- Mr P.E. Wolleswinkel (COO ForFarmers Netherlands/Belgium) has
been appointed as member of the Executive Board.
- Mrs M. Folkers – in ‘t Hout has been appointed as member of the
Supervisory Board.
- Mr R.H.A. Gerritzen and Mr V.A.M. Hulshof have been reappointed
as members of the Supervisory Board.
- The Executive Board has been designated as the authorized body,
upon approval of the Supervisory Board, to issue ordinary shares
and grant rights to subscribe for ordinary shares with a limitation
up to 10% of the issued ordinary shares for the duration of 18
months.
- The Executive Board has been designated as the authorized body,
upon approval of the Supervisory Board, to restrict or exclude the
pre-emptive right of shareholders for the duration of 18
months.
- The Executive Board has been authorised, upon approval of the
Supervisory Board, to have ForFarmers acquire (other than without
consideration) shares in its own share capital (irrespective of the
type) up to a maximum of 10% of the issued share capital of
ForFarmers (determined at the time of the General Meeting). This
authorization to acquire own shares enables the Executive Board to
(a) execute share based (or depositary receipt-based) incentive
schemes and employee participation plans and to (b) resume
the share buy-back programme in the maximum amount of €50 million
(the market will be informed by means of a separate press release
when the share buy-back programme will be resumed).
Decision on shares for share based (or depostary
receipt-based) incentive shemes and the employee participation
plans 2022Taking into consideration the fact that the current
share buy-back programme has temporarily been suspended, the
Executive Board has decided, upon approval of the Supervisory Board
and following the Annual General Meeting, to reserve from the
already repurchased shares since december 2021, the required
(depositary receipts of) shares for the share-based incentive
scheme and employee participation plans 2022. This number of
(depositary receipts of) shares is based on the total amount of the
‘on target’ distribution of long-term incentive schemes (expected
to be approximately €1.4 million) in accordance with the
remuneration policy which was adopted today, plus the expected
number of shares required for the total amount of the 2022 employee
participation plan registrations (for information: in 2021 shares
were repurchased for approximately €1.0 million). The number of
(depositary receipts of) shares that has been reserved for the
emlpoyee participation plans and long-term incentive schemes (2022)
will be repurchased and cancelled later.
This press release contains information which qualifies as
inside information within the meaning of Article 7, paragraph 1 of
the EU Market Abuse Regulation.
Note to the editor / For additional information: Caroline
Vogelzang, Director Investor Relations T: 0031 573 288
194 M: 0031 6 10 94 91 61 E:
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 around 10 million
tonnes of feed, ForFarmers is market leader in Europe. ForFarmers
has approximately 2,500 employees and is active in the Netherlands,
Belgium, Germany, Poland and the United Kingdom. In 2021, revenues
amounted to approximately €2.7 billion. ForFarmers N.V. is listed
at Euronext Amsterdam. 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/en.
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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