Van Lanschot Kempen to return capital of €1 per share on 20 December 2017
December 13 2017 - 11:00AM
's-Hertogenbosch, the Netherlands, 13 December
2017
On 20 December 2017, Van Lanschot
Kempen will return to its shareholders the previously announced
amount of €1 per Class A share in issue, totalling over €41
million.
Van Lanschot Kempen's shareholders approved the
return of capital at an Extraordinary General Meeting on 11
October. On 12 December, the legally prescribed two-month objection
period expired. No objections were made and subsequently the
payment date for the capital return has been fixed at 20
December.
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 remain
unchanged.
This 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. The CET I ratio will remain well ahead of Van Lanschot
Kempen's capital objective of 15-17% even after the return of
capital.
Important
dates related to the 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 and cautionary note on
forward-looking statements
This document may
contain forward-looking statements on future events and
developments. These forward-looking statements are based on the
current insights, information and assumptions of Van Lanschot
Kempen's management about known and unknown risks, developments and
uncertainties. Forward-looking statements do not relate strictly to
historical or current facts and are subject to such risks,
developments and uncertainties that by their very nature fall
outside the control of Van Lanschot Kempen and its management.
Actual results and circumstances may differ
considerably as a result of risks, developments and uncertainties
relating to Van Lanschot Kempen's expectations regarding, but not
limited to, estimates of income growth, costs, the macroeconomic
and business climate, political and market trends, interest rates
and currency exchange rates, behaviour of clients, competitors,
investors and counterparties, actions taken by supervisory and
regulatory authorities and private entities, and changes in law and
taxation.
Van Lanschot Kempen cautions that forward-looking
statements are only valid on the specific dates on which they are
expressed, and accepts no responsibility or obligation to revise or
update any information following new information or changes in
policy, developments, expectations or other such factors.
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. No rights can be derived from the
translated document.
Press release capital
return
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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