ForFarmers
The company will be listed on Euronext Amsterdam under symbol FFARM.
 
LOCHEM, NETHERLANDS — ForFarmers N.V., a European market leader of conventional and organic feed solutions for livestock, announced on May 23 that the listing and trading of its ordinary shares on Euronext Amsterdam started on May 24 under the symbol FFARM.
 
The reference price for the shares on Euronext Amsterdam is set at €6.50 ($7.29) being the closing price of May 23 on the multilateral trading facility.

The reference price is used by Euronext Amsterdam to set the reservation thresholds forming part of Euronext’s trading safeguards for the opening of the trading session to start on May 24 and for determination of the price performance. The reference price therefore does not necessarily reflect the actual value of the shares of ForFarmers. The reference price has not been set by, and does not imply any valuation performed by, ForFarmers or its financial advisors.
 
On May 5 the ForFarmers announced it would go public in support of its strategy to further expansion. 

The listing is supported by the cooperative FromFarmers, which is the company’s majority shareholder, and on April 15, 99.9% of the votes cast at the company’s annual general meeting were in favor of trading all regular shares.

In 2015, ForFarmers produced 9.1 million tonnes of conventional and organic feed and turned over €2.24 billion. Gross profit in 2015 was up 7.7% to €424.2 million ($483.8 million). ForFarmers has 6% of the compound feed market in Europe.

The company is based in the Netherlands but also has facilities in Belgium, Germany and the U.K. ForFarmers has 2,370 employees.

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, 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.

Rabobank and ABN AMRO are acting as joint financial advisers in connection with the listing.