Lochem, June 6, 2016
ForFarmers share buyback program completed
ForFarmers N.V. has repurchased 74,285 shares in the period from June 2, 2016 up to and including June 3, 2016.
The shares were repurchased at an average price of € 6.95 per share for a total consideration of € 516,281. These repurchases were made in accordance with the authorisation granted by the General Meeting of ForFarmers on April 15, 2016 as part of the buyback scheme to be used for the purpose of employee participation plans as announced on April 18, 2016.
The total number of shares repurchased under this program to date amounts to 400,000 shares for a total consideration of € 2,683,367. The repurchase program has herewith been completed. Besides the repurchase of the abovementioned number of shares the 82,502 treasury shares, which were obtained on behalf of the previous liquidity provider agreement which ended on May 24, will be used for the purpose of employee participation plans. In total 15% of the ForFarmers employees are participating in the program.
Note to the editor / For additional information:
Caroline Vogelzang, Director Investor Relations and Communications, T: 0031 6 10 94 91 61,
ForFarmers N.V. (Lochem, the Netherlands) is an internationally operating company active in the field of conventional and organic feed solutions for the animal husbandry sector. ForFarmers is the European market leader, with annual volumes of around 9.1 million tons of livestock feed. In addition to animal feed for the ruminant, pig-farming, poultry and equine sectors, ForFarmers supplies trade goods for the arable and grassland farming sectors. ForFarmers also offers its clients additional expertise and advice in the fields of nutrition, livestock farming and business development.
Given its position in the food chain, ForFarmers is committed to be an industry leader in terms of sustainability. Through the efficient production and logistics of feed and by developing products and concepts that ensure a better nutritional efficiency and improved quality of life for animals, ForFarmers contributes to economically viable and sustainable food production. In order to do so, the company has its own innovation centre, which cooperates closely with leading research institutes and universities.
In 2015, ForFarmers recorded a revenue of € 2.2 billion. The company has a workforce of 2,370 employees and production facilities in the Netherlands, Belgium, Germany and the United Kingdom.