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fairafric shares 2022

The biggest revolution in the chocolate industry.

Invest in fairafric!

0
0of 999.977,75 € already invested.

A basic information sheet has been prepared for this security paper.

Information on the shares

The issue value of one share and thus the share price is € 58.25, with a nominal value of €1.00.

A total of 17,167 shares will be issued for 999,977.75€.

Only preferred shares are issued. These have no voting rights, but receive a higher dividend of 3.00% on the nominal value per share compared with ordinary shareholders.

At a share price of 58.25€, the fairafric group (Germany, Ghana, Amanase) is valued at approximately 32 million€.

How it works

Fill out form

We will create a personalized subscription form with your data.

Sign

Print the contract 2x and sign both copies. Then please send us both copies by post.

Deposit

As soon as we have countersigned the contract, we will send it to you with a request for payment. Please transfer the amount to the account we have specified.

Entry in the share register

We will enter you in the shareholders' register as soon as the shares are created.

Our chocolate factory has been in rural Ghana Since 2020

Our global vision

Use business to end poverty

Our mission

Create 10,000 climate-friendly jobs in Africa

Our values

impact-oriented, transparent, respectful, environmentally conscious, visionary

Dear investors,

i founded fairafric in 2016 with a simple motivation - to fight a crying injustice: only about 5% of global chocolate sales reach where the cocoa is grown, in West Africa!

With the construction of a modern, solar-powered chocolate factory in rural Ghana, fairafric has already impressively demonstrated that it is possible to produce world-class chocolate even in cocoa-growing countries.

While Fairtrade remains in colonial structures (Africa provides raw materials), we have shown with our customers that value creation in Africa has a real chance. Now it is time to utilize our new production capacity, create more jobs and pay as much premium as possible to our cocoa farmers.

I am very proud to be part of this journey and look forward to continuing it with you in the future. I will continue to go full throttle and make sure that every euro invested will write a piece of chocolate history!

Yours sincerely, Hendrik Reimers

Your investment in the SDGs

We are achieving tremendous impact in 7 of 17 SDGs across all dimensions of sustainability.

References fairafric AG

Weinrich Cord Budde Fairafric

Cord Budde

Owner Ludwig Weinrich

,,We were one of the first producers of organic & fair trade chocolate in Germany. I see a similarly bright future for Made in Africa."

Weinrich produces the
brands Vivani, GEPA, iChoc, Devine and many more. More than 1 million bars are produced daily at the company's headquarters in
Herford.
Weinrich joined fairafric in 2019 as a strategic investor.
Weinrich has greatly increased its investment in fairafric this year.

Weinrich also trains our Ghanaian key personnel in the course of a training program and supports us in the operation of the factory.

Marie Claire Pellerin Fairafric

Marie-Claire Pellerin

CEO Claro Fair Trade AG

,,fairafric will shape fair trade. Because this is the only way to create an equal economy."

Claro Fair Trade AG is the Swiss fair trade organization and has around 600 points of sale for fair trade products. Claro has been a strategic investor in fairafric since 2019. Claro has greatly increased its investment in fairafric this year.

Claro takes over the distribution for fairafric in Switzerland.

Rudiger Daetz von Fairafric

Wolf-Rüdiger Daetz

Aufsichtsratsvorsitzender fairafric AG

,,Ich sehe in fairafric ein enormes Wachstumspotenzial und bin überzeugt, dass das Geschäftsmodell einen neuen Branchenstandard setzen kann."

Wolf-Rüdiger Daetz Bestandsaktionär fairafric AG

Wolf-Rüdiger Daetz hat
30 Jahre Erfahrung als CFO im Bereich internationaler Industrie mit lokalen
Einsätzen in Asien, Europa und Mittelamerika. Er ist überzeugter Impact
Investor bei fairafric und Schokoladenliebhaber.
Seit 2022 ist er zudem Aufsichtsratsvorsitzender bei fairafric.

Frequently asked questions about fairafric

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 participated 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 grow.
Increase of shareholders to 360; entry of Ludwig Weinrich and claro fairtrade AG into the fairafric family
Winning of the Lammsbräu 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 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.

However, this is just the beginning!

The owners of fairafric are the founding team, our 750 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.The purchase of our cocoa ingredients alone will cost us more than 1.3 million euros for production in 2023.

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

3.The development of new products.

From 2024, we are expected to be operationally profitable. As we will have to pay interest and repayments of over 1,000,000€ in 2023 and our ingredient warehouses and intermediate storage facilities will have to increase significantly to accommodate the upcoming growth, we calculate that we will be in the red in 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!

Frequently asked questions about the preference share

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/dividends received on your tax return.

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

Since the shares are issued unsecured, it can come to the total loss of your investment. Therefore, do not invest money that you absolutely need.

The public offering starts on August 22 and runs until all shares (17,167 shares) have been subscribed.

As this is a new issue of shares, the price is set by fairafric. We did this in consultation with experts, 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 this way, and we discounted the future cash flows.

The valuation was then set at €32 million.

fairafric AG is not listed on the stock exchange (from a regulatory point of view this will be possible in a few years at the earliest). In order to create tradability, we have built a platform together with a service provider to make it possible that buyers and sellers can trade with each other. Here is the platform: https://evolar.de/fairafric/main/publikum

In March 2022, we launched a share issue via a platform. However, due to technical problems, many investors dropped out and the campaign could not be completed successfully. That is why we are now conducting our own share issue again, as the investment process can be carried out more easily here.

The impact of fairafric

The Management Team in Ghana

Michael Marmon-Halm

Managing Director Ghana

Michael brings more than 12 years of experience in the cocoa industry in Ghana and has studied quality management.

Linkedin

Mustapha Mohammed

CFO Ghana

Mustapha has been working in Accounting in Ghana for 10 years and brings a lot of experience in exporting from free trade zones.

LinkedIn

Gabby Sackey

Plant Manager

Gabby has gained a lot of experience with 2 multinational cocoa processors and represents the workforce on our Board of Directors.

LinkedIn

Enoch Padi Adu

Technical Manager

Enoch is a process planning and system control specialist with over 15 years of cocoa processing experience with 3 multinational cocoa processing companies.

Griselda Esther Ossei

Chief of Staff

Griselda brings a wealth of experience in accounting and supports in strategic planning and execution around the fairafric brand, marketing, HR and operations in Ghana.

LinkedIn

Henry Sackey

Production Manager

Henry has 9 years of professional experience in the cocoa processing industry and is well versed in quality control and quality assurance for food products.

LinkedIn

Audrey Marmon-Halm

Quality Manager

Audrey has 11 years of professional experience in quality control and assurance.

LinkedIn

The Management Team in Germany

Hendrik Reimers

Founder & CEO

Hendrik has celebrated many successes in international software sales before founding fairafric.

LinkedIn

Jonas Schaller

CFO Germany

Jonas brings several years of experience in controlling and finance, especially in an international context.

LinkedIn

Martin Ewers

Head of Operations

Martin has already founded his own company and worked in process management and operations in a media group.

LinkedIn

Convinced?

Do you want to be part of the biggest chocolate revolution of all times and further develop a sustainable economic system with your investment?
Then fill in the following form and become a shareholder of fairafric.

Let's revolutionize the chocolate world together!