HZPC depository receipt for shares fixed at € 180 › HZPC

HZPC depository receipt for shares fixed at € 180

02-11-2018

The value of the depository receipt for shares in HZPC Holding B.V., the world market leader in potato breeding, has been fixed after the bi-annual stock trading day November 2018 at € 180.00 (more sellers than buyers). That means that the value of the HZPC share certificate has decreased by a maximum of 10%. In May 2018, the value per certificate was € 200. This is the first decrease since 2009. 

5,441 share certificates were traded on the last trading day, which was less than 1% of the total number of 783,725 outstandingcertificates.This number is relatively low due to the low demand, with a high offering of share certificates.

CEO of HZPC, Gerard Backx:‘After a long period of price increases, a balance in the market occurs. € 200 may also be a psychological figure at which certificate holders want to take their profits following an enormous rally. May 2018 saw another increase in price, but not the maximum. This was a sign of some balance in the market. HZPC's profit over the past year was lower than the previous year, but that is not an indication for a structurally lower profit. HZPC continues to invest heavily in the future and intends to continue to grow in the global seed potato market.’

HZPC financial year

2014/15

2015/16

2016/17

2017/18

2018/19

Share certificate

€ 113.15

€ 136.90

€ 165.65

€ 200.00

Nov. ‘18 € 180.00

Market value (xmillions)

€ 89

€ 107

€ 130

€ 157

Nov. ‘18 € 141

Dividend/Certificate

€ 3.75

€ 5.75

€ 7.00

€ 4.00

(TBD Oct. 19

HZPC market value/price at 783,725 outstanding certificates on the bi-annual stock trading day in May, unless indicated otherwise; the dividend paid is the same as determined annually in October.
 

Price-setting

HZPC organises a stock trading day twice per financial year, in May and November, for the associated breeders, seed potato growers, and HZPC employees in the countries where HZPC operates. The stock trading day is supervised by a bank through an online platform for buying and selling share certificates. The value of the HZPC share certificate is determined by supply and demand. The price may increase or decrease by a maximum of 10% each stock trading day. The first certificates were traded in the 1999/2000 financial year at a price of €24. The next stock trading day will be on 10 May 2019.
 

Return and seed potato price

HZPC combines its ambition to offer certificate holders a good return (from share price movements and dividend distribution) with paying competitive growers’ prices to the HZPC seed potato growers in the countries where HZPC operates. A dividend has been paid out every year since the founding of HZPC in 1999. The amount of the dividend for 2018/19 will be determined in the shareholders meeting in October 2019.

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