Value HZPC certificate again increases by the maximum amount

The value of the certificate of share of HZPC Holding B.V. (“ HZPC”), the world leader in potato breeding and seed potato trade, is determined on € 165.65 at the bi-annual stock trading day.

This means again a maximum increase of the value of 10% and it brings the market value to € 129.8 million. On this stock trading day 5.607 certificates were traded, this is 0.7% of the total number of 783,725 available certificates.

The value of the HZPC certificate increased again with the maximum 10 percent. Since May 2010 the value has risen fourteen times with the maximum 10 percent – and once with more than 9 percent.

Gerard Backx, CEO of HZPC:

“A good year for the growers, mostly goes along with a good year for HZPC.”

“. Despite the diminishing crop, compared to last year, HZPC succeeded in selling a higher volume of potatoes.”

“In terms of sales and profit before tax, the year 2016/17 will probably be a record-breaking year.”

Value realisation

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 through an online platform for buying and selling certificates of shares.

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 € 24.

The next stock trading day will be in November 2017.

Returns and seed potato price

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.

Since the founding of HZPC in 1999, a dividend was paid every year. The amount of dividend for 2016/17 will be determined in the shareholders meeting of October 2017.