he price of the HZPC share certificate has been set at 118.15 euros. In 2017, the certificate was at the highest level with 200 euros. However, the value fell by almost 82 euros in three years. The stock market value fell in this period from 157 million to 93 million euros (-40 percent).
During the half-yearly trade fair day of potato breeder HZPC Holding BV, it became apparent that the supply of certificates has increased again. The price of the certificate of share is set at 118.15 euros. This means a decrease in the value of the HZPC certificate by a maximum of 10 percent. The wide range of certificates offers opportunities for seed potato growers, according to the management of HZPC.
Wide range
HZPC currently signals the highest range of certificates ever. Gerard Backx, CEO of HZPC, suspects that this is mainly due to the offer of older certificate holders who wish to sell their certificates. “This offers opportunities for seed potato growers who would like to buy certificates,” says Backx. In order to keep HZPC in the hands of the growers, HZPC will annually buy up 1.5 million euros of shares for the next ten years and then donate them to its active seed potato growers in the EU. This is done through the so-called Connecting Growers program. HZPC has established this program to stimulate the transfer of certificates from inactive growers to active growers. This autumn, HZPC purchased the first shares for the Connecting Growers program and active growers of HZPC can benefit from this. Gerard Backx: “We think it is important that the certificates are in the hands of growers who are still fully active themselves. In this way they are co-owners of HZPC. ”
Value
Depositary receipts for shares have fallen significantly in value over the past three years. In 2017, the value of one certificate was still 200 euros. Today it only yields 118.15 euros. A decrease of more than 40 percent. The stock market value of HZPC has therefore also suffered a major blow. In 2017, HZPC was still worth 157 million euros on the stock exchange. By mid-November 2020, ‘only’ 93 million euros.
