HZPC certificate price down 10% to € 145.80 on recent stock trading day

The value of the shares in HZPC Holding B.V., the world market leader in potato breeding, has been fixed at €145.80 during the recent stock trading day. This means the value of the certificate has once again decreased by the maximum (10%) that is allowed.

On the recent stock trading day, November 1, 2019, the value of the depository receipt for shares in HZPC Holding B.V., has been fixed at € 145.80 (done, left) . This means that the HZPC certificate has once again decreased by a maximum value of 10%.

Potato breeder HZPC publishes certificate prices after after each half-yearly trading day.

Mr Gerard Backx, CEO HZPC:

“After a long period of maximum price increases, the price has fallen over the last three [stock trading] 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 € 4.7 million to € 9.4 million. The dividend paid out in October amounted to € 7.75 per certificate. See our new annual report for more information.”

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 ten percent each stock trading day. The first certificates were traded in the 1999/2000 financial year at a price of € 24. The next trading day will take place on Friday 8 May 2020.

Return and seed potato price

HZPC combines its ambition 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 2019/2020 will be determined at the shareholders’ meeting in October 2020.