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€.

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!

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.