Van Lanschot Kempen to return capital of €1.50 per share on 19 December 2018
11 Décembre 2018 - 5:55PM
's-Hertogenbosch, the Netherlands, 11 December 2018
On 19 December 2018, Van Lanschot
Kempen will return to its shareholders the previously announced
amount of €1.50 per Class A share in issue, totalling over €60
million.
Van Lanschot Kempen's shareholders approved the
return of capital at an Extraordinary General Meeting on 5 October.
On 10 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 19 December.
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. This return of capital will take the total capital
returned to €210 million.
The CET1 ratio will remain well ahead of Van
Lanschot Kempen's capital objective of 15-17% even after the return
of capital. The capital return will be charged to the share premium
reserve available for distribution and will therefore be exempt
from Dutch dividend tax. Total share capital in issue will remain
unchanged.
Important dates related to the
capital return:
Ex-date:
17 December 2018
Record date:
18 December 2018
Payment date:
19 December 2018
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, but not limited to, 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,
changes in law and taxation, ownership changes that may influence
the future availability of capital, and changes in credit
ratings.
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.
The financial data in this document have not been
audited, unless expressly stated otherwise.
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.
Parts of this document may provide insider
information about Van Lanschot Kempen NV and/or Van Lanschot NV as
meant in Articles 7(1) up to and including (4) of EU Regulation
596/2014.
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 West Corporation on behalf of West
Corporation 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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