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Greenyard announces increase of free float after step out of Gimv

Greenyard’s free float increases after step out of Gimv 


Sint-Katelijne-Waver, Belgium, June 20, 2017 - Greenyard (Euronext Brussels: GREEN) announces change in shareholdership


Gimv announced today that it no longer detained shares in Greenyard. As a result, Greenyard’s free float increases materially to 38,5%.
Since the merger in June 2015, Gimv controlled 11,8% of total outstanding shares. This stake was reduced to 4,9% closely afterwards as a result of a private placement. Thereafter, Gimv remained a shareholder for 2 years after the merger.

Hein Deprez, Executive Chairman of Greenyard, comments on the announcement:
‘I would like to thank Gimv for their valuable support in Greenyard throughout their investment period.
Since their entry, Gimv has always been a trusted partner and shareholder, certainly when Greenyard went through a number of transactions in order to strengthen our growth. Gimv also supported  the merger process with Fresh and Horticulture in June 2015, 2 years ago now, and the integration process thereafter.
As Gimv’s role is to bring successful companies to the next level, this announcement clearly fits into their strategy with Greenyard now being a global leader in its markets.‘

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