Dutch potato seed company value exceeds € 100 million
“HZPC has 783,725 certificates of share. At the current value, HZPC’s market value exceeds € 100 million for the first time in history. HZPC traded the first certificates in financial year 1999/2000 against a value of € 24.00. At that time, HZPC’s market value was almost € 19 million.” said Gerard Backx, CEO of HZPC.
This is the 12th time that the value of certificate increased with the 10 percent maximum since May 2010, in addition to one time with more than a 9 percent increase.
HZPC organises a stock trading day twice every financial year, in May and in November, for associated breeders and seed potato growers, and for HZPC employees in the countries where HZPC is represented. The stock trading day is executed by a bank.
Online stock trading platform
This stock trading day was the first to be facilitated with a new online platform for buying and selling certificates of shares. This online system offers shareholders also insight in their own position.
“Since the co-operation with a new external stock exchange, HZPC offers its national and international shareholders a user-friendly online portal that fits well with our current world wide organisation.” shared Gerard Backx.
Value development
Supply and demand determine the value of HZPC’s Certificate of Share. Value decrease or increase is limited to a maximum 10 percent per stock trading day. The first certificates were traded in financial year 1999/2000 against a value of € 24. The next stock trading day will be in November 2016.
Return
Since the founding of HZPC in 1999, a dividend was paid every year. The amount of dividend for 2015/2016 will be determined in the shareholders meeting on 6 October 2016. HZPC combines its ambition to offer certificate holders a good return with paying competitive growers’ prices to the HZPC seed potato growers in the countries where HZPC is represented.
For more information:
Gerard Backx
HZPC Holland B.V.
Tel: +31 513 48 98 88
Email: info@hzpc.nl
www.hzpc.com