Great supply of certificates offers opportunities for active growers

Today during the half-yearly trading day of potato breeder HZPC Holding B.V. it appeared that the supply of certificates has increased again. The price of the certificate of share has been set at € 118,15 (done, left*). This means a reduction of the value of the HZPC certificate by a maximum of 10%. The large supply offers buying opportunities for seed potato growers.

The supply of certificates is higher than ever. Mr Gerard Backx, CEO HZPC: 'After many years with a limited supply, there are currently many - probably mainly older - certificate holders who want to sell their certificates. This offers opportunities for seed potato growers who would like to buy certificates'. Over the next ten years HZPC will also buy shares itself in order to offer them to its growers. This is done via the so-called Connecting Growers program. Gerard Backx: 'We find it important that the certificates are owned by growers who are still fully active themselves. In this way they are co-owners of HZPC'.

Connecting Growers program
This program was created to encourage the transfer of certificates from inactive growers to active growers. For a period of ten years, HZPC annually buys certificates for 1.5 million euro on the market to divide among its active seed potato growers in the European Union. In this way HZPC remains in the hands of its growers. This autumn HZPC has purchased the first shares for the Connecting Growers program and active growers of HZPC can benefit from this.

HZPC price and market value at 783.725 certificates.

Click here for the full press release by HZPC

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