Van Lanschot Kempen's shareholders agree to proposed return of capital
October 11 2017 - 4:46AM
's-Hertogenbosch, the
Netherlands, 11 October 2017
At an Extraordinary General Meeting of
Shareholders held in the city of 's-Hertogenbosch, Van Lanschot
Kempen's shareholders today approved the proposed return of capital
in the amount of €1 per share, as announced on 29 August 2017.
Van Lanschot Kempen will return a total of over
€41 million in capital in December 2017, subject to the legally
prescribed period applicable to a capital return such as this. The
capital return will be charged to the share premium reserve
available for distribution and will therefore be exempt from
dividend tax. Total share capital in issue will be unchanged and
the CET I ratio will remain well ahead of Van Lanschot Kempen's
capital objective of 15-17% even after the return of capital.
The proposed return of capital represents the next
step in the implementation of Van Lanschot Kempen's capital
strategy. Its aim is to return at least €250 million to
shareholders in the period up to and including 2020, subject to the
approval of its regulator. Including the capital return approved
today, over €90 million of this is returned to
shareholders.
Proposed dates related to capital return:
Ex-date
18 December 2017
Record date
19 December 2017
Payment
date
20 December 2017
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 of or subscription to any financial
instrument and is not an opinion or a recommendation to perform or
refrain from performing any action.
Press release - BAVA - Return of
capital
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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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