17 April 2014
ForFarmers BV has announced it will be launching its share buy-back scheme. These repurchases will take place under the following conditions:
a. The maximum number of shares which can be repurchased amounts to 250.000, based on the current share capital of €1 nominal value per ordinary share.
b. The buy-back transactions are in line with the mandate issued by the general meeting held on 15th April 2014.
c. The buy-back scheme will start on 17th April 2014 and is expected to end on 30th September 2014.
d. The buy-back scheme will be executed by a bank, which will purchase the shares on ForFarmers’ trading platform during open and closed periods and within the buy-back scheme’s preconditions.
ForFarmers will publish a press release every 7 working days to report on the scheme’s progress.
The buy-back scheme is being launched for the benefit of a new employee participation plan. The new employee participation plan is aimed at realising alliance, involvement and rewards and forms part of the harmonisation of employment conditions across the various different applicable countries and has been approved by the Supervisory Board.