Ad hoc-Mitteilungen

ForFarmers N.V.: ForFarmers decides to start share-buyback programme

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Lochem, 1 December 2021       

ForFarmers decides to start share-buyback programme

ForFarmers announces to start a programme to repurchase its own shares (share-buyback programme, SBB) for a maximum amount of €50 million, amongst others to make the balance sheet more efficient (share capital reduction). This is in line with the release issued by the Company on 2 November last, in which it announced to disclose its plans on an alternative capital allocation, besides the then also announced intention to distribute a dividend per ordinary share over 2021, which is comparable to the dividend over 2020.  

For the SBB programme, ForFarmers will use the authorisation given by the General Meeting of Shareholders on 23 April 2021 to repurchase at maximum 10% of its own shares and, if granted, the authorisation of the Annual General Meeting in 2022. Within the current authorisation 190,000 shares have already been repurchased for the implementation of employee participation plans in 2021. The total number of shares in the announced SBB programme is consequently at maximum 9,331,882.
It has been decided, after ample consideration, to initiate a regular SBB programme. This will be executed by an independent financial intermediary.

The SBB programme will start on 2 December 2021 and will end on 31 December 2023, or as soon as the SBB programme has been completed.

As of the start of the SBB programme, ForFarmers shall publish a press release stating the progress of the share buy-back programme’s execution on the first trading day of each week. This announcement can be found on www.forfarmersgroup.eu

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


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