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

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

Only preferred shares will be issued. These have no voting rights, but a higher dividend of 2.00% on the nominal value per share compared to common shareholders.

For the share issue, there is a funding threshold of €250,000.

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 approx. €11 million.

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

2016
First Kickstarter campaign
Founding of fairafric GmbH
First production

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

2018
Third Kickstarter campaign
Climate-neutral certification (both chocolate and company)
Founding of the fairafric Foundation, which holds shares in fairafric GmbH for cocoa farmers
First Seedrs campaign (Seedrs enables startups to attract their customers as shareholders), in which 264 private individuals invested in fairafric

2019
Decision to build a larger chocolate factory under our own management: On the land of the cocoa cooperative we work with, in the rural region where the cocoa beans also grow.
Increase in shareholders to 360; Ludwig Weinrich and claro fairtrade AG join the fairafric family
Winner of the Lammbräu Sustainability Award

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

2021
fairafric GmbH becomes fairafric AG. Within 3 days, the first convertible bond with €990,000 is fully subscribed, and within 24 hours, fairafric's first share issue of €999,589.80 is sold out. fairafric purchases 250 tons of cocoa beans for production in 2021 and pays the highest premiums in West Africa. fairafric also breaks record after record in 2021. fairafric more than doubles its previous year's revenue and produces over 2,000,000 chocolate bars.

2022
After an outstanding first quarter in 2022, macroeconomic shocks prevent further growth for fairafric. However, while many other brands struggle with declining sales and delistings, fairafric remains present in all markets and gains significant market share.

With the commissioning of the chocolate drop line, fairafric lays the foundation for entering the B2B business, as the chocolate drops are used by large bakeries or biscuit manufacturers in their products, among others.

fairafric also reaches the final of the German Sustainability Award 2022 and is recognized as one of Germany's most sustainable companies.

fairafric's owners are the founding team, our 1076 shareholders from our customer base, 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 chocolate drop line. Our current drop line runs 24 hours a day and we can barely meet existing demand. Therefore, we want to build another facility and create new jobs.

2. We will increase our capacity for handmade chocolate products, create more jobs and also purchase better equipment here to meet the high demand from our B2B customers.

3. The establishment of a marketing and sales team in Ghana, as well as the intensification of our sales channels in Europe.

From 2025 onwards, we expect to operate profitably. However, due to interest payments and repayments of over €1,000,000 in 2023 and 2024, and the significant increase in our ingredient and intermediate storage necessary to facilitate upcoming growth, we will still incur losses for 2023 and 2024.

With our new Visitor Center, we want to give our customers the opportunity to gain an in-depth look at our operations. The factory tour is combined with a visit to our farmers' communities, all in one day! A unique experience worldwide!

fairafric issues preferred shares. Preferred shares are shares where shareholders do not have voting rights but receive a higher dividend (a preference) compared to common shareholders. For this issue, this preference is 2.00% of the par value (€1.00) per share. If the preferences are not paid or not paid in full, and the arrears are not settled in the following year, the preferred shareholders receive voting rights as long as the arrears are not settled (§140 AktG).

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

If you would like to lend us money interest-free, send us a short email. That's also possible, of course, and supports us even more.

Since 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. Another financing round with institutional investors is to be carried out shortly, and the first commitments for this are in place. Nevertheless, there is a risk that the round cannot be closed. Therefore, under no circumstances should you invest money that you absolutely need.

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

Since this is a new share issue, the price is set by fairafric. We did this in consultation with experts, new investors, our existing shareholders, and calculations. For the calculations, we looked at the development since the last valuation, the costs that would arise if the company were to be rebuilt from scratch, and we discounted future cash flows, as well as considering the current market situation in comparison with benchmark companies.

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

fairafric AG is not listed on the stock exchange (this is also only possible in a few years at the earliest for purely regulatory reasons). To nevertheless enable tradability, we have set up a kind of bulletin board with a service provider, through which buyers and sellers can find each other. You can find the platform here.