ForFarmers N.V. commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on April 13, 2023.

ForFarmers N.V. (ENXTAM:FFARM) commences share repurchases on April 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 13, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital and/or depositary receipts. The shares will be repurchased at a price per share (or depositary receipt) of between nil and 110% of the average closing price of the ordinary shares on the regulated Euronext Amsterdam market operated by Euronext Amsterdam N.V., calculated over five trading days prior to the date of acquisition. The repurchased shares enables the Executive Board with the required flexibility for example to meet obligations relating to optimisation of the capital structure and to share-based (or depositary receipt-based) incentive schemes. The authorization is valid for 18 months.

On April 18, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 625,000 shares, for a maximum amount of ?3.12 million. The repurchase program is valid till December 31, 2023.