Van Lanschot Kempen announces EGM related to capital return proposal
25 August 2022 - 8:00AM
Van Lanschot Kempen announces EGM related to capital return
proposal
Amsterdam/’s-Hertogenbosch, the Netherlands, 25 August 2022On 6
October 2022, Van Lanschot Kempen will hold an extraordinary
general meeting (EGM) to decide on its proposal to return capital
in the amount of €1.50 per share. The proposed capital return,
announced on the publication of Van Lanschot Kempen’s half-year
results on 25 August 2022, would see a return to its shareholders
of €1.50 per Class A share in issue. De Nederlandsche Bank has
approved the capital return.
If the shareholders agree to the capital return, payment will,
in principle, take place in December 2022. This will be charged to
the proportion of the share premium reserve available for
distribution and the total share capital in issue will be
unchanged. After the capital return, the CET 1 ratio will remain
well ahead of Van Lanschot Kempen’s capital objective of 15%, plus
an M&A add-on of 2.5% for acquisitions.
At its Capital Markets Day on 11 May 2022, Van Lanschot Kempen
announced that it intends to pay out to its shareholders any extra
capital in excess of its CET 1 ratio of 17.5%, subject to approval
by its regulator. The proposed capital return is in line with
this.
The capital return proposal and resolutions to amend the
Articles of Association to effect this return will be put to a vote
at the EGM scheduled to take place in Amsterdam, the Netherlands,
on 6 October 2022 at 3.00 pm. The notification, agenda and
explanatory notes, and the proposals to amend the Articles of
Association can be accessed at Shareholders’ meetings.
Media Relations: +31 20 354 45 85;
mediarelations@vanlanschotkempen.comInvestor
Relations: +31 20 354 45 90;
investorrelations@vanlanschotkempen.com
About Van Lanschot KempenVan Lanschot Kempen is
a wealth manager active in Private Banking, Professional Solutions,
Investment Management and Investment Banking, with the aim of
preserving and creating wealth, in a sustainable way, for both its
clients and the society of which it is part. As a sustainable
wealth manager with a long-term focus, Van Lanschot Kempen
proactively seeks to prevent negative impact for all stakeholders
and to create positive long-term financial and non-financial value.
Listed at Euronext Amsterdam, Van Lanschot Kempen is the
Netherlands’ oldest independent financial services company, with a
history dating back to 1737. To fully leverage the potential of the
Van Lanschot Kempen organisation for its clients, it provides
solutions that build on the knowledge and expertise across its
entire group and on its open architecture platform. Van Lanschot
Kempen is convinced that it is able to meet the needs of its
clients in a sustainable way by offering them access to the full
range of its products and services across all its businesses.
For more information, please visit vanlanschotkempen.com
Important legal information and cautionary note on
forward-looking statements This press release may contain
forward-looking statements and targets on future events and
developments. These forward-looking statements and targets 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 and
targets do not relate strictly to historical or current facts and
are subject to such risks, developments and uncertainties which by
their very nature fall outside the control of Van Lanschot Kempen
and its management. Actual results, performances and circumstances
may differ considerably from these forward-looking statements and
targets.
Van Lanschot Kempen cautions that forward-looking statements and
targets in this press release are only valid on the specific dates
on which they are expressed, and accepts no responsibility or
obligation to revise or update any information, whether as a result
of new information or for any other reason.
This press release 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 a
recommendation to perform or refrain from performing any
action.
Elements of this press release contain information about Van
Lanschot Kempen NV within the meaning of Article 7(1) to (4) of EU
Regulation No. 596/2014.
This press release is a translation of the Dutch language
original and is provided as a courtesy only. In the event of any
disparities, the Dutch language version will prevail. No rights can
be derived from any translation thereof.
- Van Lanschot Kempen press release EGM 2022
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