In accordance with article 14 of the Belgian Act of 2 May 2007 on the disclosure of significant shareholdings in listed companies, Greenyard has announced the receipt of two transparency declarations on 24 July and 31 July 2017.
The company was notified that Hein Deprez, Deprez Holding and Food Invest International on the one hand, and Gimv, Gimv-XL Partners Comm V, Adviesbeheer Gimv-XL, Gimv-XL Partners Invest Comm V (known together as Gimv) and Agri Investment Fund (AIF) on the other, are no longer acting in concert following the automatic termination of the shareholders’ agreement with respect to Greenyard.
In addition, the Deprez family has increased its stake from 45.3 per cent to 49.3 per cent through the purchase of AIF’s shares on 31 July 2017.
Taking into account the 3.76 per cent of shares that Greenyard has acquired, the 50 per cent control threshold has been exceeded by the Deprez family, through Deprez Holding and Food Invest International, as a result of this transaction. This transaction doesn’t impact the free float, which remains stable at 38.1 per cent.
Following this transaction, AIF is no longer a member of the board of directors of Greenyard.
Hein Deprez, executive chairman of Greenyard, commented: “I would like to thank the Agri Investment Fund for their valuable support in Greenyard throughout their investment period.”
“During the era AIF was on board, they have been a trusted partner and shareholder,” added Deprez. “AIF’s strong support in growing our business from a small family company to its current global position is an excellent example of AIF’s role in our industry. The Deprez family is pleased it was able to take over AIF’s participation in Greenyard. With this transaction, our family further shows its commitment to remain the controlling shareholder of Greenyard, the global leader in its markets.”
