HZPC Depository Receipt for Shares Is Fixed at EUR145.80

The value of the depository receipt for shares in HZPC Holding B.V. has been fixed at EUR145.80. This means that the HZPC certificate has once again decreased by a maximum value of 10%.

“After a long period of maximum increases, the price has fallen over the last three days. The supply was fairly large, but lower than the last trading days. Demand has been limited, but significantly higher than on the last trading days. Less than 1% of the total number of certificates was traded. At the beginning of March, it was announced that the profit for the year 2018/2019 would be higher than last year’s figure. The profit ultimately rose sharply, from EUR4.7m to EUR9.4m. The dividend paid out in October amounted for EUR7.75 per certificate,” said Gerard Backx, CEO of HZPC.

Price-setting

Twice per financial year, in May and November, HZPC organizes a certificate trading day for associated breeders, seed potato growers and employees of HZPC Holding B.V. The trading day is supervised by a solid partner. Share certificates are bought and sold via an online platform. 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 the price of EUR24. The next trading day will take place on May 8, 2020.

Return and Seed Potato Price

HZPC aims to offer certificate holders a good return (from share price movements and dividend distribution) with the payment of a competitive price to its seed potato growers. A dividend has been paid out every year, since the foundation of HZPC in 1999. The dividend for 2019/20 will be determined at the shareholders’ meeting in October 2020.