As of the stock exchange period in May 2022, a new trading system for the trade in HZPC certificates will be introduced.
This was decided yesterday by the members of the HZPC Association during the general members meeting. The trading system that company used for more than 20 years is outdated: this new trading system ensures more active trading of certificates and a higher level of transparency.
The trade in certificates will be through the Captin Trading Platform. The responsibility for the trade and money flows will, from now on, lie with the Captin company and no longer with the HZPC Association. Certificate holders could previously buy or sell certificates twice a year and there was one trading moment per period. Via the new platform this remains twice a year, but the trading period is fourteen days and numerous trading moments are possible, with the price being able to move during those fourteen days.
“We are in the field of spring. Of starting new ways. Giving life to new and even better breeds that might overcome the climatological, commercial and cultural challenges our clients face.
The trade in certificates will be through the Captin Trading Platform. The responsibility for the trade and money flows will, from now on, lie with the Captin company and no longer with the HZPC Association. Certificate holders could previously buy or sell certificates twice a year and there was one trading moment per period. Via the new platform this remains twice a year, but the trading period is fourteen days and numerous trading moments are possible, with the price being able to move during those fourteen days.
Active trading
The Captin Trading Platform enables more active trading. If one of HZPC’s certificate holders wants to buy or sell certificates at a particular price, the certificate holder makes this known and others can respond directly. When there is a reaction, a deal is made. The certificate holder can then immediately start a new transaction. This actively brings supply and demand together: supply and demand are visible to everyone, as are the prices that are achieved. This makes the certificate trading more transparent.
Transparent trading
Gerard Backx, CEO company: ‘The new platform provides much greater transparency. Our certificate holders are in charge themselves and constantly see from each other what they are doing. This gives us more insight into supply and demand’. Until now, the price value of a certificate could rise or fall by a maximum of 10%. This will be increased to 20% in the new trading method, which will help to achieve a balance in the market more quickly.
HZPC certificate trading
Company has issued 783,725 shares. These are 100% in the hands of the HZPC Association. The Association has issued more than 783,725 certificates of shares. The certificates are divided among 1,800 certificate holders. These are (former) growers and employees of company. They can buy or sell certificates of shares. The Connecting Growers programme has been set up especially for HZPC’s growers. Each year, HZPC buys certificates and donates them to their growers in the European Union since company believes it is important that they are co-owners of the company.
Founded in 1898 and rooted in The Netherlands, HZPC has grown to become global market leader in seed potato trading, innovative breeding and concept development. We offer innovative potato varieties that are optimized for local growing conditions. We share knowledge and serve solutions. With around 400 employees across 19 countries, and exports to over 90 countries, we contribute to the availability of responsible food for the well-being of millions of people worldwide.
