23 May 2016
ForFarmers N.V. (“ForFarmers”), the European market leader of conventional and organic feed solutions for livestock, today announces that the listing of, and first trading in, ForFarmers’ ordinary shares (the “Shares”) on Euronext Amsterdam (the “Listing”) will start on Tuesday May 24, 2016 under symbol “FFARM”.
The reference price for the Shares on Euronext Amsterdam is set at EUR 6.50 being the closing price of May 23, 2016 on the multilateral trading facility.
The reference price is used by Euronext Amsterdam to set the reservation thresholds (“collars”) forming part of Euronext’s trading safeguards for the opening of the trading session to start on May 24, 2016 at 9.00 a.m. CEST and for determination of the price performance. The reference price therefore does not necessarily reflect the actual value of the Shares or of ForFarmers. The reference price has not been set by, and does not imply any valuation performed by, ForFarmers or its financial advisors.
To date, the depository receipts of Shares in ForFarmers and the participation accounts and feed equivalents of FromFarmers are traded via a multilateral trading facility. As of May 24, 2016, only the feed equivalents will remain tradeable via this multilateral trading facility and holders of depository receipts of Shares and participation accounts will have the possibility to convert those financial instruments into ForFarmers shares tradeable on Euronext Amsterdam in accordance with the applicable terms and conditions for such a conversion.
ForFarmers will terminate its liquidity provider agreement with SNS Securities which acted as liquidity provider for the depository receipts in ForFarmers on the multilateral trading facility. ForFarmers will enter into a liquidity provider agreement pursuant to which Rabobank, as from May 24, 2016, will act as liquidity provider for the trade in the Shares up to and including December 31, 2016. As from January 2, 2017, ABN AMRO will act as liquidity provider for the trade in the Shares up to and including December 29, 2017. ForFarmers will assess whether it is necessary to enter into a new liquidity provider agreement thereafter.
Rabobank and ABN AMRO are acting as Joint Financial Advisers in connection with the Listing.
None of the information contained in this press release constitutes or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any security. This press release does not constitute a prospectus for the purposes of Directive 2003/71/EC, as amended (the Prospectus Directive).
In connection with the Listing, a prospectus has been approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). A copy of the prospectus may be obtained free of charge on www.forfarmersgroup.eu.