15 March 2022 - 07:03
ForFarmers N.V. has decided to temporarily pause its share buy-back programme of at maximum
€50 million, effective as of today. Taking into account the significantly increased uncertainty with respect to raw material prices and gas prices due to the recent outbreak of the war in Ukraine, ForFarmers considers it prudent for the time being to put the capital allocation towards the share buy-back programme on hold.
In the past couple of months, the trading volume in shares of ForFarmers was higher than average. Accordingly, more shares were be purchased under the share buy-back programme than was expected. As of the start of the programme on 2 December 2021 and including the shares which were repurchased yesterday, €23,245,424 million has already been spent on repurchasing 5,935,004 own shares.
ForFarmers will inform the market by means of a separate press release when the share buy-back programme will be resumed.