Update on share buy-back programme ForFarmers (29 June 2020)
29 June 2020 - 06:56

ForFarmers N.V. (ForFarmers) has repurchased 6,478 shares in the period from 22 June 2020 through 26 June 2020.

The shares were repurchased at an average price of €5.38 per share, for a total amount of €34,822. 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. Also, from 29 April 2020, shares were repurchased for the employee participation plans for 2020, as announced in the press release on 24 April 2020 with regard to the decisions of the AGM.

The total number of shares that has been repurchased to date according to these programmes is 5,110,789 shares, for a total amount of €31,200,864.

Taking into account the shares which have been repurchased for the employee participation plans 2019 and 2020, the total amount of the share buyback programme shall be approximately €33 million.
Of the approximately €3 million that is related to the share buyback for the employee participation plans, some €1.8 million has been spent in 2019 for the plans of that year. This entails that at this moment repurchases will still take place for approximately €1.8 million to finalise the share buyback programme.

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

  • Download the weekly report regarding progress of share buy-back programme (including the individual transactions)
  • Download the press release
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ForFarmers NV published this content on 29 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2020 06:18:06 UTC