VDM - Van Der Moolen Announces the Resignation of its CFO and the Appointment of Interim CFO
October 16 2006 - 1:10AM
Business Wire
Van der Moolen Holding N.V. announced today that the company and
its Chief Financial Officer (CFO), Mr. Leo J. Pruis, have amicably
agreed upon his resignation as managing director and CFO. The
Supervisory Board and the Executive Board of Van der Moolen Holding
N.V. would like to thank Mr. Pruis for his contribution to the
company. In accordance with his contractual arrangements a
severance payment will be made to Mr.�Pruis of Euro 329.000 gross,
which amount is to be increased with a severance amount relating to
his deferred bonus over the year 2005. Furthermore a pension
contribution of Euro 45.000 gross will be made. Pending the
definitive appointment of a new CFO, Mr. Jan W. van de Water will
be appointed as interim CFO of Van der Moolen Holding N.V. with
immediate effect. For more information about Van der Moolen, please
visit www.vandermoolen.com or contact Investor Relations/Corporate
Communications, telephone +31 (0)20 535 6789. Van der Moolen trades
on the leading US and European equity, option and fixed income
exchanges. The group trades in open outcry and electronic markets
in several time zones. On the NYSE, Van der Moolen currently has a
market share of nearly 11% of transaction volume for which it acts
as specialist. Van der Moolen's traders worldwide execute an
average of 100,000 trades a day. Turnover and price volatility are
the most important factors influencing its results. Van der
Moolen's shares are listed on Euronext Amsterdam (VDMN.AS).
American Depositary Receipts (ADRs) representing Van der Moolen
shares are listed on the NYSE (VDM). Disclaimer: This press release
contains forward-looking statements within the meaning of, and
which have been made pursuant to, the Private Securities Litigation
Reform Act of 1995. All statements regarding our future financial
condition, results of operations and business strategy, plans and
objectives are forward-looking. Statements containing the words
�anticipate,� �believe,� �intend,� �estimate,� �expect,� �hope,�
and words of similar meaning are forward-looking. In particular,
the following are forward-looking in nature: statements with regard
to strategy and management objectives; pending or potential
acquisitions; pending or potential litigation and government
investigations, including litigation and investigations concerning
specialist trading in the U.S.; future revenue sources; the effects
of changes or prospective changes in the regulation or structure of
the securities exchanges on which our subsidiaries operate; and
trends in results, performance, achievements or conditions in the
markets in which we operate. These forward-looking statements
involve risks, uncertainties and other factors, some of which are
beyond our control, which may cause our results, performance,
achievements or conditions in the markets in which we operate to
differ, possibly materially, from those expressed or implied in
these forward-looking statements. We describe certain important
factors to consider in connection with these forward-looking
statements under �Key Information � Risk Factors� and elsewhere in
our annual filing with the U.S. Securities and Exchange Commission
on Form 20-F. We caution you not to place undue reliance on these
forward-looking statements, which reflect our management�s view
only as of the date of this Report. We have no obligation to update
these forward-looking statements. Van der Moolen Holding N.V.
announced today that the company and its Chief Financial Officer
(CFO), Mr. Leo J. Pruis, have amicably agreed upon his resignation
as managing director and CFO. The Supervisory Board and the
Executive Board of Van der Moolen Holding N.V. would like to thank
Mr. Pruis for his contribution to the company. In accordance with
his contractual arrangements a severance payment will be made to
Mr. Pruis of Euro 329.000 gross, which amount is to be increased
with a severance amount relating to his deferred bonus over the
year 2005. Furthermore a pension contribution of Euro 45.000 gross
will be made. Pending the definitive appointment of a new CFO, Mr.
Jan W. van de Water will be appointed as interim CFO of Van der
Moolen Holding N.V. with immediate effect. For more information
about Van der Moolen, please visit www.vandermoolen.com or contact
Investor Relations/Corporate Communications, telephone +31 (0)20
535 6789. Van der Moolen trades on the leading US and European
equity, option and fixed income exchanges. The group trades in open
outcry and electronic markets in several time zones. On the NYSE,
Van der Moolen currently has a market share of nearly 11% of
transaction volume for which it acts as specialist. Van der
Moolen's traders worldwide execute an average of 100,000 trades a
day. Turnover and price volatility are the most important factors
influencing its results. Van der Moolen's shares are listed on
Euronext Amsterdam (VDMN.AS). American Depositary Receipts (ADRs)
representing Van der Moolen shares are listed on the NYSE (VDM).
Disclaimer: This press release contains forward-looking statements
within the meaning of, and which have been made pursuant to, the
Private Securities Litigation Reform Act of 1995. All statements
regarding our future financial condition, results of operations and
business strategy, plans and objectives are forward-looking.
Statements containing the words "anticipate," "believe," "intend,"
"estimate," "expect," "hope," and words of similar meaning are
forward-looking. In particular, the following are forward-looking
in nature: statements with regard to strategy and management
objectives; pending or potential acquisitions; pending or potential
litigation and government investigations, including litigation and
investigations concerning specialist trading in the U.S.; future
revenue sources; the effects of changes or prospective changes in
the regulation or structure of the securities exchanges on which
our subsidiaries operate; and trends in results, performance,
achievements or conditions in the markets in which we operate.
These forward-looking statements involve risks, uncertainties and
other factors, some of which are beyond our control, which may
cause our results, performance, achievements or conditions in the
markets in which we operate to differ, possibly materially, from
those expressed or implied in these forward-looking statements. We
describe certain important factors to consider in connection with
these forward-looking statements under "Key Information - Risk
Factors" and elsewhere in our annual filing with the U.S.
Securities and Exchange Commission on Form 20-F. We caution you not
to place undue reliance on these forward-looking statements, which
reflect our management's view only as of the date of this Report.
We have no obligation to update these forward-looking statements.
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