ForFarmers N.V.: Key Resolutions from Recent Shareholders' Meeting
Resolutions from the General Meeting of Shareholders of ForFarmers N.V.
In a recent gathering of ForFarmers N.V.'s shareholders, a series of important resolutions were passed that aim to guide the company's financial and operational direction in the years ahead. This meeting showcased the commitment of ForFarmers to its shareholders while ensuring an environment for enhanced growth and sustainability.
Financial Statements and Dividend Approval
The shareholders endorsed the financial statements for the preceding financial year, reflecting a competent management of resources. A key highlight was the approval of a €0.20 dividend per ordinary share. Shareholders can expect this dividend to be paid entirely in cash, although it will be subject to a 15% withholding tax. This reflects the board's commitment to returning value to shareholders while maintaining operational solidity.
Key Resolutions Passed
Several pivotal resolutions were adopted during the meeting:
- An advisory vote favored the 2024 remuneration report with a notable majority of 92.4%.
- Members of the Executive Board received discharge for their duties during the last financial year, which signifies a vote of confidence in their leadership.
- Similar discharge was granted to members of the Supervisory Board, further reflecting shareholder satisfaction.
- KPMG Accountants N.V. is now the appointed auditor for ForFarmers, tasked with auditing the upcoming financial year's statements.
- PriceWaterhouseCoopers Accountants N.V. has been newly appointed to audit the 2026 financial reports.
- A new member, Ms. L. Beyen, has been appointed to the Supervisory Board for a four-year term, strengthening board governance.
- The Executive Board has been granted authority to issue new ordinary shares and grant rights to subscribe for such shares, capped at 10% of the issued shares.
- This board is also empowered to potentially limit shareholders' pre-emptive rights for 18 months.
- The Executive Board can now acquire up to 10% of its own shares to optimize the capital structure and meet future share-related obligations.
- Additionally, a new share buyback program has been authorized by the meeting.
Share Buyback Program Launch
The Executive Board has announced plans to initiate a share buyback program by April 23. This initiative is designed to honor commitments under various share-related remuneration schemes and aims to repurchase a maximum of 700,000 shares at a total cost not exceeding €4,200,000. Shareholders can expect weekly updates on the progress of this program.
Company Overview
ForFarmers N.V. is dedicated to providing comprehensive feed solutions specifically tailored for organic and conventional livestock farming. With a mission focused on sustainable agricultural practices, ForFarmers strives to ensure that farming remains viable for generations to come. Creating a link between farmers and sustainable food production, it sells approximately 9 million tonnes of animal feed annually and operates across Europe, including production sites in the Netherlands, Germany, Poland, and the UK.
The company encapsulates its ethos with the phrase "For the Future of Farming," emphasizing a progressive approach towards farming solutions and sustainability. This commitment not only fosters strong relationships with farmers but enhances overall food security in an eco-conscious manner.
Contact Information
For more inquiries, individuals can reach out to ForFarmers at the following:
Ilse Niehof-Duivelshof, +31 (0) 573 288800
ForFarmers N.V., PO Box 91, 7240 AB Lochem
Email: info@forfarmers.eu
Website: www.forfarmersgroup.eu/en
Frequently Asked Questions
What significant resolutions were passed at the meeting?
Key resolutions include approval of the financial statements, a €0.20 dividend per share, and appointments for auditors and board members.
Who will be the auditors for the upcoming financial year?
KPMG Accountants N.V. has been appointed as the auditor for the 2025 financial statements.
What is the purpose of the share buyback program?
The share buyback program aims to fulfill commitments related to share-related remuneration plans and enhance capital structure.
How much will shareholders receive in dividends?
Shareholders will receive €0.20 per ordinary share, subject to a 15% withholding tax.
What is the vision of ForFarmers N.V.?
ForFarmers is committed to sustainable farming and strives to provide comprehensive feed solutions while ensuring food security and good returns for farmers.
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