As at 31 December 2018, Coöperatie FromFarmers (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 28.4%, 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 2018, the Cooperative could give voting instructions for 48,625,076 (certificates of) shares held by the Cooperative (directly and indirectly) and additionally could give voting instructions for 7,365,430 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 55.90% (based on the number of outstanding ordinary shares) as at 31 December 2018.
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: