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HUVEPHARMA STOPS IPO PROCESS
Amsterdam, the Netherlands, 30 June 2021 – Huvepharma B.V. (the “Company”) and together with its consolidated subsidiaries (the “Group”), a leading global livestock animal health company with strong positions in the veterinary and feed additives segments, today announced that the Group and its sole shareholder, Advance Properties OOD (the “Selling Shareholder”), have decided to stop the proposed IPO on Euronext Amsterdam.
Kiril Domuschiev, President and CEO of Huvepharma said: "Our business is highly profitable and cash-generative and growing faster than its peers1, with its growth supported by demand for high-quality animal protein growing globally. Throughout the process we have much appreciated the intensive interaction with all the reputable institutional investors. It became evident to me from their feedback during the process that the Company’s current and medium-term growth trajectory will be best supported by staying private for the time being, preserving the Group’s agility and entrepreneurial culture. However, we might revisit the IPO project at a later date in the future."
With the support of its management, employees, clients and shareholder, Huvepharma therefore remains committed to pursuing its successful global development strategy as a private company in the medium-term.
Huvepharma would like to thank all investors, analysts and journalists connected to the process for their interest in the Group and for their valuable feedback.
Alain Kanora DVM Diplomate ECPHM
Phone: +32 3 292 8306
M+32 473 900 426
United Kingdom – Maitland/AMO
This press release contains information within the meaning of Article 7(1) of the European Market Abuse Regulation (596/2014)
The contents of this announcement have been prepared by and are the sole responsibility of the Company.
This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "plans", "targets", "aims", "believes", "expects", "anticipates", "intends", "estimates", "will", "might", "continues", "should", "continue", "positioned", "ongoing" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections, guidance and other forward-looking statements will not be achieved. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
This announcement and the information contained herein do not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful and this announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions.
None of J.P. Morgan AG, BNP Paribas , Citigroup Global Markets Europe AG, ING Bank N.V., UniCredit Bank AG, Milan Branch, Coöperatieve Rabobank U.A., KBC Securities NV and Raiffeisen Bank or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
1 2015-19 reported livestock sales growth of competitors compiled by Vetnosis
2 2015-19 reported livestock sales growth of competitors compiled by Vetnosis