Devgen nv: shareholder notification
(Thomson Reuters ONE) -
Regulated information
Ghent - 23 November 2010 - In accordance with Article 14 of the Act of May
2, 2007 on the disclosure of major shareholdings in listed companies, Devgen nv
hereby informs that it has received a shareholder notification from a group of
three undisclosed parties.
On 22 November, 2010, the group of undisclosed parties declared to hold
1,002,628 Devgen shares or a 5.1 % participation in Devgen nv.
For further details on the transparency declarations received by the company,
reference is made to our website www.devgen.com (investor relations).
About Devgen nv
Devgen's mission is to enable farmers to sustainably grow more food on less
land, with less water, agrochemicals and labour.
Devgen uses advanced biotechnology and molecular breeding technology to make
high yielding seeds and crop protection solutions with a superior environmental
profile.
Devgen brings this technology to the market in the world's major food and feed
crops through two complementary strategies:
- Licensing Devgen technology for use in corn, cotton and soy and selected
other crops in exchange for R&D funding, and milestone and royalty payments.
- Producing and selling its premium hybrid seeds in major field crops such as
rice, sunflower, sorghum, and pearl millet, in the Indian subcontinent and
South-East Asia.
In its Crop Protection unit, Devgen developed an agro-chemical product that
protects crops from damage by parasitic nematodes. This nematicide was launched
in Turkey and in US.
Incorporated in 1997, Devgen has offices in Ghent (Belgium), and has
subsidiaries in Singapore, Hyderabad (India), General Santos (Philippines) and
Delaware (US), totaling about 280 employees.
For more information please contact:
Thierry Bogaert, CEO Wim Goemaere, CFO
Tel. +32 9 324 24 24 Tel. +32 9 324 24 24
Thierry.Bogaert(at)devgen.com Wim.Goemaere(at)devgen.com
Or visit: www.devgen.com
This press release may contain forward-looking statements containing the words
"anticipates", "expects" , "intends", "plans", "estimates", "may" and
"continues" as well as similar expressions. Such forward looking statements may
involve known and unknown risks, uncertainties and other factors which might
cause the actual results, performance or achievements of Devgen to be materially
different from any future results or achievements expressed or implied by such
forward-looking statements. Factors that could cause or contribute to such
differences include, among others: agricultural risks and difficulties,
including weather factors, diseases and pests, the costs and requirements of
regulatory compliance and the speed with which approvals are received; public
acceptance of biotechnology products; political, economic and social
developments in countries where Devgen operates and other risks and factors
detailed in the company's most recent annual report.
These forward looking statements speak only as of the date of publication of
this document. Devgen disclaims any obligation to update such forward looking
statements in this document to reflect any change in its expectations,
conditions or circumstances on which such statement is based, unless required by
law or regulation. This document does not constitute, or form part of, any offer
or invitation to sell or issue, or any solicitation of any offer, to purchase or
subscribe for any securities issued by Devgen nv.
[HUG#1464926]
pr engels:
http://hugin.info/135721/R/1464926/403319.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: Devgen via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.11.2010 - 17:40 Uhr
Sprache: Deutsch
News-ID 49043
Anzahl Zeichen: 4520
contact information:
Town:
Gent-Zwijnaarde
Kategorie:
Business News
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"Devgen nv: shareholder notification"
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