As at 31 December 2017, Coöperatie FromFarmers (hereinafter: the ‘Cooperative’) has a direct capital interest (based on the number of issued ordinary shares) of 17.4%, for which there is no connection to a participation account, and an indirect interest of 31.8%, for which the Cooperative has issued participation accounts to individual members. These members may at any time decide for themselves to convert their participation account, or part thereof, into depositary receipts, make a transfer to investment accounts, or sell on Euronext Amsterdam.
As at 31 December 2017, the Cooperative could give voting instructions for 52,295,509 (certificates of) shares and additionally could give voting instructions for 8,189,422 depositary receipts, which were held by Stichting Beheer- en Administratiekantoor ForFarmers and for which voting rights had not been requested. Taking into consideration the effect of the share buy-back programme, the Cooperative held a voting interest of 60.0% (based on the number of outstanding ordinary shares) as at 31 December 2017. The Cooperative also holds the priority share as long as certain conditions are adhered to as laid down in the Articles of Association. This is clarified in the table below.