ForFarmers N.V.: Trading in ForFarmers' ordinary shares on Euronext Amsterdam starts tomorrow
(Thomson Reuters ONE) -
Trading in ForFarmers' ordinary shares on Euronext Amsterdam starts tomorrow
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.
Liquidity provider
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.
Note to the editor / For additional information:
Caroline Vogelzang, Director Investor Relations & Communications, T:
0031 6 10 94 91 61,
E: caroline.vogelzang(at)forfarmers.eu
ForFarmers N.V. ('ForFarmers', Lochem, the Netherlands) is an internationally
active company in the area of conventional and organic feed solutions for stock-
farming. With sales of approximately 9.1 million tonnes of feed per annum
ForFarmers is market leader in Europe. Apart from feed for the ruminant, swine,
poultry and horse sectors ForFarmers also offers commodities for crop and
grassland farming. With its products ForFarmers offers customers additional
knowledge and advice in the area of feed, farming, and business development.
Given its position in the food chain, ForFarmers is committed to be an industry
leader in terms of sustainability. By producing feed in an efficient manner and
by developing products and concepts that ensure that animals can consume the
feed in a healthier and better manner (improvement of feed efficiency)
ForFarmers makes a contribution to a commercially profitable and sustainable
feed production. To this end ForFarmers has its own innovation centre that
cooperates closely with renowned research institutes and universities.
In 2015 the revenue of ForFarmers was ? 2.2 billion. ForFarmers has more than
2,370 employees and production establishments in the Netherlands, Belgium,
Germany, and the United Kingdom.
End of day May 12, 2016, Coöperatie FromFarmers had a controlling interest of
59.1% in ForFarmers N.V., and with the depository receipts of its members 66.3%
of the control over the company. FromFarmers is a cooperative with 6,248 members
and is based in Lochem (the Netherlands). The cooperative's activities include
the management of its participation in ForFarmers N.V.
ForFarmers N.V., PO Box 91, 7240 AB Lochem, T: +31 (0)573 28 88 00, F: +31
(0)573 28 88 99, info(at)forfarmersgroup.eu, www.forfarmersgroup.eu,
info(at)fromfarmers.eu, www.fromfarmers.eu.
Disclaimer
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.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ForFarmers N.V. via GlobeNewswire
[HUG#2014743]
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2016 - 18:30 Uhr
Sprache: Deutsch
News-ID 472952
Anzahl Zeichen: 6033
contact information:
Town:
Lochem
Kategorie:
Business News
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