ForFarmers Enhances Share Buy-Back Strategy to Support Growth
Overview of ForFarmers' Share Buy-Back Programme
ForFarmers N.V. has recently reported significant activity in its share buy-back programme. The company successfully repurchased a total of 212,721 shares between a period that reflects its commitment to enhancing shareholder value. This initiative underscores ForFarmers' efforts to strengthen its position in the market while supporting its strategic ambitions.
Details of the Recent Share Repurchases
The shares were acquired at an average price of €4.20 each, aggregating to a substantial total of €892,460. These transactions align with the authorization received during the ForFarmers Annual General Meeting of Shareholders, allowing the company to repurchase shares to meet obligations from its share-related incentive schemes. Under this programme, ForFarmers has set a cap on repurchases at 400,000 shares, representing a total potential investment of €2,400,000.
Current Progress and Total Repurchases
To date, a total of 362,119 shares have been repurchased through this ongoing programme, amounting to €1,510,644. This steady progress highlights ForFarmers' proactive approach to managing its capital structure as well as reinforcing its commitment to share value appreciation for its stakeholders.
Sustaining Growth Through Strategic Initiatives
ForFarmers aims to secure long-term growth by investing in its operational capabilities and improving efficiency within the competitive landscape of agricultural feed solutions. The company's core mission, rooted in “For the Future of Farming,” reflects its aspiration to offer supportive and sustainable solutions tailored to the needs of the farming community. This involves deriving knowledge and insights from extensive research and practical experience gained over years of dedication to the industry.
Commitment to Sustainable Agriculture
In alignment with its mission statement, ForFarmers integrates sustainable practices across its operations. The company plays a pivotal role in promoting environmentally friendly farming techniques that not only lead to the production of high-quality animal feed but also contribute to the broader goal of sustainable development in agriculture. ForFarmers stands out as a leader in the European market, achieving sales of around 9 million tonnes of feed annually.
Company Profile and Operations
ForFarmers N.V. operates across multiple countries in Europe, including the Netherlands, Germany, Poland, and the UK. With a dedicated workforce of approximately 2,700 employees, the company has established a robust presence in the livestock agricultural sector. Its focus on delivering tailored solutions fosters strong relationships with farmers, ensuring they receive expert support that aligns with their unique operational needs.
Contact Information for Stakeholders
ForFarmers encourages stakeholders to reach out for further information or queries regarding the ongoing share buy-back programme or insightful corporate updates. The company’s contact details are as follows: ForFarmers N.V., PO Box 91, 7240 AB Lochem, Phone: +31 (0)573 28 88 00, Email: info@forfarmers.eu.
Frequently Asked Questions
What is the purpose of the share buy-back programme for ForFarmers?
The programme aims to enhance shareholder value and fulfil obligations arising from share-related incentive schemes.
How many shares has ForFarmers repurchased so far?
As per the latest update, ForFarmers has repurchased 362,119 shares under the buy-back programme.
What is the total amount spent on the repurchased shares?
The total expenditure on share repurchases stands at €1,510,644.
How does this buy-back initiative align with ForFarmers' corporate strategy?
It reflects ForFarmers' commitment to improving capital structure and supporting sustainable agricultural practices.
Where can stakeholders find more information about the programme?
Stakeholders can refer to ForFarmers' official website for detailed updates and reports on the share buy-back programme.
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