Van Lanschot Kempen launches share buy-back programme to fund remuneration policy and share plans
February 22 2018 - 2:30AM
's-Hertogenbosch, 22 February 2018
On 22 February 2018, Van Lanschot Kempen will
start the repurchase of up to 400,000 of its own shares (depositary
receipts for Class A ordinary shares). At the closing price of 21
February 2018, the programme will cost a maximum €11,0 million. It
will serve to cover the depositary receipts to be allocated to
employees under the existing remuneration policy and share
plans.
The share buy-back programme will end on the day
before the publication of Van Lanschot Kempen's 2018 annual
figures, or sooner if the maximum number of repurchased shares is
reached before then. Van Lanschot Kempen has tasked ING with the
implementation of its share buy-back programme. ING will make its
trading decisions independently of Van Lanschot Kempen.
Updates on the share buy-back programme will be
announced in press releases and on the Van Lanschot Kempen website
on a weekly basis.
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 is an announcement pursuant to Article 5, paragraph 1, of
Regulation (EU) Nr. 596/2014.
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.
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.
Van Lanschot Kempen press release
22 February 2018
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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