Van Lanschot Kempen: increase in share buy-back programme and progress update 22 August 2017 - 28 August 2017
August 29 2017 - 1:30AM
's-Hertogenbosch, the
Netherlands, 29 August 2017
On 29 August 2017 Van Lanschot Kempen will expand
its share buy-back programme by 150,000 of its own shares
(depositary receipts for Class A ordinary shares), taking to a
maximum 300,000 shares the total number of shares it will
repurchase under the programme.
The share buy-back programme serves to cover the
depositary receipts to be allocated to employees under the existing
remuneration policy and share plan. At the closing price on Monday
28 August 2017, the programme plus increase will cost up to €7.7
million. It will end the day prior to the release of the 2017
annual figures or if the maximum number of shares is reached
sooner.
Between 22 and 28 August 2017 Van Lanschot Kempen
repurchased 18,500 of its own shares. The shares were repurchased
at an average price of €25.75 per share for a total amount of
€476,413. The total number of shares repurchased under the
programme to date is 102,630.
Van Lanschot Kempen has tasked ING with the
implementation of its share buy-back programme. ING makes its
trading decisions independently of Van Lanschot Kempen.
More information, including a detailed overview of
the repurchase transactions under this programme, is available at
www.vanlanschotkempen.com/sharebuyback.
Media Relations: +31 20 354 45 85;
mediarelations@vanlanschotkempen.com
Investor Relations: +31 20 354 45 90;
investorrelations@vanlanschotkempen.com
About Van Lanschot
Kempen
Van Lanschot Kempen, a wealth manager
operating under the Van Lanschot, Evi and Kempen brand names, is
active in Private Banking, Asset Management and Merchant Banking,
with the aim of preserving and creating wealth for its clients. Van
Lanschot Kempen, listed at Euronext Amsterdam, is the Netherlands'
oldest independent financial services company with a history dating
back to 1737.
vanlanschotkempen.com
Disclaimer
This document 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 an opinion or a recommendation
to perform or refrain from performing any action.
This document is a translation of the Dutch original and is
provided as a courtesy only. In the event of any disparities, the
Dutch version will prevail.
Share buy-back programme increase
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This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Van Lanschot Kempen via Globenewswire
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