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.”
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.
HZPC market value/price at 783,725 outstanding certificates on the bi-annual stock trading day in May, unless indicated otherwise; the dividend paid is determined annually in October.
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.