The issue value of a share and thus the share price is €19.12, with a nominal value of €1.00.

A total of 52,301 shares will be issued for €999,995.12.

Only preference shares are issued. They have no voting rights, but receive a higher dividend of 2.00% on the nominal value per share compared to ordinary shareholders.

There is a funding threshold of 250,000€ for the share issue.

If this amount is not reached, you will get your money back and the capital increase will not be carried out.

At a share price of 19.12€, the fairafric Group (Germany, Ghana, Amanase) is valued at around 11 million€.

2015
First official meetings between Hendrik and cocoa farmers* and cocoa workers* in Ghana.

2016
First Kickstarter campaign
Foundation of fairafric GmbH
First production

2017
Second Kickstarter campaign
Successful organic certification of the entire value chain
Start of collaboration with Yayra Glover Ltd.
Change from 20g bars to 100g bars

2018
Third Kickstarter campaign
Certification Climate Neutral (both chocolate and company)
Establishment of fairafric Foundation, which holds shares in fairafric GmbH for cocoa farmers*
First Seedrs campaign (Seedrs enables startups to attract their clientele as shareholders*), in which 264 private individuals have invested in fairafric

2019
Decision to build a larger chocolate factory on their own: On the land of the cocoa cooperative we work with, in the rural region where the cocoa beans also grow.
Shareholders increase to 360; Ludwig Weinrich and claro fairtrade AG join the fairafric family
Winning the Lammsbräu Sustainability Award

2020
Construction of our new chocolate factory in Amanase. Record-breaking construction time of 5.5 months from groundbreaking to first bar.

2021
fairafric GmbH becomes fairafric AG. Within 3 days the first convertible bond with 990.000€ is fully subscribed and already within 24 hours the first share issue of 999.589,80€ of fairafric is sold out. fairafric buys 250 tons of cocoa beans for production in 2021, paying the highest premiums in West Africa. fairafric also chases record after record in 2021. fairafric more than doubles last year's sales and produces over 2,000,000 chocolate bars.

2022
fairafric opens the Visitor Concept (see below), becomes an official partner of Borussia Dortmund and produces the new BVB chocolate.
fairafric reaches the final of the German Sustainability Award 2022 and wins the competition for shaping the future from Project Sustainability.

However, this is just the beginning!

The owners of fairafric are the founding team, our 1076 shareholders from the clientele, Ludwig Weinrich GmbH and claro fair trade AG as well as our team and the cocoa farmers of our partner cooperative.

1. We will expand the capacity of our drop line. Our current drop line runs 24 hours a day and we are able to meet the existing demand.

2. We will increase our capacity for handmade chocolate products and acquire better equipment to meet the high demand from our B2B customers.

3. Building a marketing and sales team in Ghana, and intensifying our distribution channels in Europe.

We expect to be profitable from 2025 onwards. As we have to pay interest and repayments of over 1,000,000€ in 2023 and our ingredient warehouses and intermediate storage facilities have to increase significantly to accommodate the upcoming growth, we will still be in the red for 2023.

Through our new Visitor Center, we also want to give our customers the opportunity to get a deep look into our operations. The factory visit will be combined with a visit to our farmer communities, all in one day! Unique in the world!

fairafric only issues preference shares. Preference shares are shares in which the shareholders have no voting rights, but receive a higher dividend (a preference) compared to the ordinary shareholders. At fairafric, this preference is 2.00% on the nominal value (1.00€) per share. If the preference shares are not paid or not paid in full and the arrears are not settled in the following year, the preference shareholders are granted voting rights as long as the arrears have not been settled (§140 AktG).

We do not share information about our investors with any tax office. You simply declare interest received on your tax return.

If you want to lend us money interest-free, write us a short e-mail. Of course you can also do this and support us even more.

As the shares are issued unsecured, you may lose your entire investment. fairafric is not yet profitable, so further investments and the success of the current campaign are necessary to ensure liquidity. A further financing round with institutional investors is to be carried out in the near future, for which the first commitments have been made. Nevertheless, there is a risk that the round cannot be closed. Under no circumstances should you invest money that you absolutely need.

The public offer starts on September 19, 2023 and runs until all shares (52,301 shares) have been subscribed.

As this is a new issue of shares, the price is set by fairafric. We have done this in consultation with experts, new investors, our existing shareholders and calculations. In the calculations, we looked at the development since the last valuation, the costs that would arise if the company were to be built up again in the same way and we discounted the future cash flows and took into account the current market situation in comparison with benchmark companies.

The valuation was set together with institutional investors at €11 million.

fairafric AG is not listed on the stock exchange (for regulatory reasons, this will not be possible for at least a few years). However, in order to create tradability, we have set up a kind of bulletin board with a service provider at
, where buyers and sellers can come together. Click here you can find the platform.