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HZPC: Great supply of certificates offers opportunities for seed potato growers

During the half-yearly trading day of potato breeder HZPC Holding B.V. today it appeared that the supply of certificates has increased again. The price of  the certificate  of  share has been set at£ 118,15. This means a reduction of the value of the HZPC certificate by a maximum of 10%. The large supply offers buying opportunities for seed potato growers.

The supply of certificates is higher than ever. Mr Gerard Backx, CEO HZPC: ‘After many years with a limited supply, there are currently many – probably mainly older – certificate holders who  want  to sell their certificates. This offers opportunities for seed potato growers who would like to buy certificates’.

Over the next ten years HZPC will also buy shares itself in order to offer them to its growers. This is done via the so-called Connecting Growers program. Gerard Backx: ‘We find it important that the certificates are owned by growers who are still fully  active  themselves. In this way they are co-owners of HZPC’.

Connecting Growers program

This program was created to encourage the transfer  of  certificates  from inactive  growers to active growers. For a period of ten years, HZPC annually buys certificates for 1.5 million euro on the market to divide among its active  seed potato growers in the European Union. In this way HZPC remains in the hands of its growers. This autumn HZPC has purchased the first shares for the Connecting Growers program and active growers of HZPC can benefit from this.

Price and market value

HZPC financial year2014/152015/162016/172017/182018/192019/202020/21
       Nov ’20
Share certificate£ 113,15£ 136,90£ 165,65£ 200,00£ 162,00£ 131,25£ 118,15
Market value (x millions)  £ 89  £ 107  £ 130  £ 157  £ 127  £ 103  £ 93
       TBD oct
Dividend/ certificate£ 3,75£ 5,75£ 7,00£ 4,00£ 7,75£ 1,00                         ’21

HZPC price and market value at 783.725 certificates.

Creation value of the certificate

Supply and demand set the value. This is also the case with the ‘Share  Certificate HZPC’. Twice  a year, in May and November, HZPC organizes a certificate trading day for connected (former) seed potato growers, breeders and employees of HZPC Holding  B.V. 

The  purchase  and  sale  of certificates takes place via an online  platform  and the trading  day  is supervised  by  a  bank.  The price can increase or decrease by a maximum of ten percent per trading  day. The  first  certificates were traded in the financial year 1999/2000 at  a price  of£  24.00.  The  next  trading  day  is Friday, May 7, 2021.

New possibilities

At the moment the board of the Association HZPC is looking for possibilities to organise the trading day differently. In doing so the board takes into account the latest changes in legislation and regulations.

Gerard Backx: ‘We are investigating options  that are positive for all certificate holders. A platform where suppliers and buyers do trade  directly  with each other  for  a certain period of time is one of the possibilities. The aim is to share more about this in November 2021’.

Source: HZPC

Lukie Pieterse, Editor and Publisher of Potato News Today

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