Van Lanschot Kempen launches share buy-back programme to fund remuneration policy and share plans
February 23 2023 - 1:00AM
Van Lanschot Kempen launches share buy-back programme to fund
remuneration policy and share plans
Amsterdam/’s-Hertogenbosch, the Netherlands, 23 February
2023
On 23 February 2022, Van Lanschot Kempen will start the
repurchase of up to 350,000 of its own shares (depositary receipts
for Class A ordinary shares). At the closing price of 22 February
2023, the programme will cost €9.8 million. It will serve to cover
the depositary receipts to be allocated to employees under the
existing remuneration policy and share plans.
The share buy-back programme will end on the day before the
publication of Van Lanschot Kempen’s 2023 annual figures, or sooner
if the maximum number of repurchased shares is reached before then.
Van Lanschot Kempen has tasked ING with the implementation of its
share buy-back programme. ING will make its trading decisions
independently of Van Lanschot Kempen.
Updates on the share buy-back programme will be announced in
press releases and on the Van Lanschot Kempen website on a weekly
basis on Share buy-back programmes.
Media Relations:
+31 20 354 45 85;
mediarelations@vanlanschotkempen.comInvestor
Relations: +31
20 354 45 90;
investorrelations@vanlanschotkempen.com
About Van Lanschot KempenVan
Lanschot Kempen, a wealth manager active in Private Banking,
Investment Management and Investment Banking, with the aim of
preserving and creating wealth, in a sustainable way, for both its
clients and the society of which it is part. As a sustainable
wealth manager with a long-term focus, Van Lanschot Kempen
proactively seeks to prevent negative impact for all stakeholders
and to create positive long-term financial and non-financial value.
Listed at Euronext Amsterdam, Van Lanschot Kempen is the
Netherlands’ oldest independent financial services company, with a
history dating back to 1737. To fully leverage the potential of the
Van Lanschot Kempen organisation for its clients, it provides
solutions that build on the knowledge and expertise across its
entire group and on its open architecture platform. Van Lanschot
Kempen is convinced that it is able to meet the needs of its
clients in a sustainable way by offering them access to the full
range of its products and services across all its businesses.
For more information, please visit
vanlanschotkempen.comDisclaimer This is an
announcement pursuant to Article 5, paragraph 1, of Regulation (EU)
Nr. 596/2014. This press release does not constitute an offer or
solicitation for the sale, purchase or acquisition in any other way
or subscription to any financial instrument and is not a
recommendation to perform or refrain from performing any
action.
This press release is a translation of the Dutch language
original and is provided as a courtesy only. In the event of any
disparities, the Dutch language version will prevail. No rights can
be derived from any translation thereof.
- Press release start share buy back 2023
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