Lochem, May 23, 2016
ForFarmers will continue its buyback program on Euronext Amsterdam
ForFarmers N.V. ("ForFarmers"), the European market leader of conventional and organic feed solutions for livestock, today announces that its buyback program will continue on Euronext Amsterdam as from May 24, 2016.The buyback program will be used for the purpose of employee participation plans.
Progress buyback program
ForFarmers B.V. has repurchased 5,504 depository receipts for shares ("Depository Receipts") in the period from May 20, 2016 up to and including May 23, 2016.
The Depository Receipts were repurchased at an average price of € 6.45 per depository receipt for a total consideration of € 35,501. These repurchases were made in accordance with the authorisation granted by the General Meeting of ForFarmers B.V. on April 15, 2016 as part of the buyback program announced on April 18, 2016. The total number of Depository Receipts repurchased under this program on the multilateral trading facility to date amounts to 186,604 Depository Receipts for a total consideration of € 1,191,918.
On May 23, 2016 ForFarmers B.V. was converted into ForFarmers N.V.
Note to the editor / For additional information:
Caroline Vogelzang, Director Investor Relations & Communications, T: 0031 6 10 94 91 61,
E: caroline.vogelzang@forfarmers.eu
ForFarmers N.V. ('ForFarmers', Lochem, the Netherlands) is an internationally active company in the area of conventional and organic feed solutions for stock-farming. With sales of approximately 9.1 million tonnes of feed per annum ForFarmers is market leader in Europe. Apart from feed for the ruminant, swine, poultry and horse sectors ForFarmers also offers commodities for crop and grassland farming. With its products ForFarmers offers customers additional knowledge and advice in the area of feed, farming, and business development.
Given its position in the food chain, ForFarmers is committed to be an industry leader in terms of sustainability. By producing feed in an efficient manner and by developing products and concepts that ensure that animals can consume the feed in a healthier and better manner (improvement of feed efficiency) ForFarmers makes a contribution to a commercially profitable and sustainable feed production. To this end ForFarmers has its own innovation centre that cooperates closely with renowned research institutes and universities.
In 2015 the revenue of ForFarmers was € 2.2 billion. ForFarmers has more than 2,370 employees and production establishments in the Netherlands, Belgium, Germany and the United Kingdom.
End of day May 12, 2016, Coöperatie FromFarmers had a controlling interest of 59.1% in ForFarmers N.V., and with the depository receipts of its members 66.3% of the control over the company. FromFarmers is a cooperative with 6,248 members and is based in Lochem (the Netherlands). The cooperative's activities include the management of its participation in ForFarmers N.V.
ForFarmers N.V., PO Box 91, 7240 AB Lochem, T: +31 (0)573 28 88 00, F: +31 (0)573 28 88 99, info@forfarmersgroup.eu, www.forfarmersgroup.eu, info@fromfarmers.eu, www.fromfarmers.eu.
Disclaimer
None of the information contained in this press release constitutes or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any security. This press release does not constitute a prospectus for the purposes of Directive 2003/71/EC, as amended (the Prospectus Directive).
In connection with the Listing, a prospectus has been approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). A copy of the prospectus may be obtained free of charge on www.forfarmersgroup.eu.