Greenyard announces the redemption of its € 125m convertible bond

Sint-Katelijne-Waver, Belgium, 23 December 2021

Greenyard announces that as per 22 December 2021, Greenyard has redeemed its 3.75% convertible bond of € 125m at its maturity date, in accordance with the terms and conditions of the bond. The redemption was made at the nominal amount plus accrued interest.

The repayment was made from the funds already available as Term Loan 2 under the senior facilities agreement signed in March of 2021.

The convertible bond was the highest priced debt instrument in Greenyard's capital structure. Therefore, financial costs are expected to continue to decrease in the coming periods, allowing higher free cash flows for the execution of the strategy as announced on 7 December 2021 and in the framework of its most recent Capital Markets Days.

In its three-staged-strategy, and as announced during the Capital Markets Days, the company foresees the deployment of additional CAPEX investments over the coming three years. These are expected to be cash flow neutral over that period. Combined with lower financial costs thanks to the redemption of the convertible bond, this will directly contribute to creating headroom for Greenyard and will contribute to its ambition to accelerate its journey to become a plant-based powerhouse by 2030.

For additional information, please contact Greenyard NV:

Dennis Duinslaeger

Cedric Pauwels

Investor Relations & Treasury Director

Group Communications Director

T +32 15 32 42 49

T +32 15 32 42 00

dennis.duinslaeger@greenyard.group

cedric.pauwels@greenyard.group

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Greenyard is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise, unless as required by applicable law. Greenyard disclaims any liability for statements made or published by third parties (including any employees who are not explicitly mandated by Greenyard) and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Greenyard.

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About Greenyard

Greenyard (Euronext Brussels: GREEN) is a global market leader in fresh, frozen and prepared fruit and vegetables, flowers and plants. Counting Europe's leading retailers amongst its customer base, Greenyard offers efficient and sustainable solutions to customers and suppliers through best-in-class products, market leading innovation, operational excellence and outstanding service.

Our vision is to make lives healthier by helping people enjoy fruit and vegetables at any moment, easily, quickly and pleasurably, whilst fostering nature.

With around 9.000 employees operating in 19 countries worldwide, Greenyard identifies its people, and customer and supplier relationships, as the key assets which enable it to deliver goods and services worth around €4,4 billion per annum.

www.greenyard.group

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Greenyard NV published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 07:36:02 UTC.