Lack of supply at a high demand drives value of HZPC certificates

The value of the certificate of HZPC Holding B.V. (“HZPC”), a leader in potato breeding and seed potato trade, was determined at €150.60 at the biannual stock trading day. This stock trading day 5,447 certificates were traded, this is only 0.7% of the total number of 783,725 available certificates. 

Gerard Backx, CEO of HZPC comments: “The supply of certificates is small. The supply has often been small, but this stock trading day it happened in combination with the highest demand ever. Because of that, the rise is again the maximum of 10%. At the present performance of the company, the HZPC certificate remains an excellent investment alternative; the associated growers and employees prefer to hold their position in our company.“



The value of the HZPC certificate rose again to the maximum 10 percent. Since May 2010 the value has risen thirteen times to the maximum 10 percent – and once with more than 9 percent. HZPC organises a stock trading day twice per 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. Recently an online platform has been used for buying and selling certificates of shares.

Value development 

Supply and demand determine the value of HZPC’s certificate of share. The value decrease or increase is limited to a maximum of 10 percent per stock trading day. The first certificates were traded in financial year 1999/2000 against a value of €4. The next stock trading day will be in May 2017.


Return

Since the founding of HZPC in 1999, a dividend has been paid every year. The amount of dividend for 2015/2016 was determined at €5.75 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
CEO HZPC Holding B.V.
Tel: +31 513 48 98 88

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