Update on and end of share buy-back programme ForFarmers (4 August 2020)

4 August 2020 - 06:59

ForFarmers N.V. (ForFarmers) has repurchased 10,530 shares on 3 August 2020.

The shares were repurchased at an average price of €5.50 per share, for a total amount of €57,915. These repurchases were made in accordance with the authorisation granted by the ForFarmers Annual General Meeting (AGM) of Shareholders on 24 April 2020 to complete the current share buy-back programme, as announced on 3 May 2019, for a total amount of €30 million and to buy back shares for the employee participation plans for 2020.

The total number of shares that has been repurchased to date according to these programmes is 5,429,115 shares, for a total amount of €32,970,546. ForFarmers has herewith completed the share buy-back programme.

ForFarmers shall commence with the cancellation of 4,979,997 shares (5,429,115 minus 449,118 shares for the 2019 and 2020 employee participation plans) and the 6,062,222 shares of the 2017 share buy-back programme. This is in line with the decision taken by the AGM on 24 April last. After cancellation of the 11,042,219 shares, ForFarmers will have 95,218,821 issued ordinary shares, of which 95,190,436 outstanding. ForFarmers will inform the market when the cancellation has taken place.

This press release contains information that qualifies as inside information in the sense of Article 7 paragraph 1 of the EU Market Abuse Regulation.