Dutch State reduces stake in ABN AMRO Group to 56%
September 15 2017 - 2:02AM
Dutch State reduces stake in ABN
AMRO Group to 56%
Stichting administratiekantoor beheer financiële
instellingen (NL Financial Investments, "NLFI"), on behalf of the
Dutch state, agreed to sell 65 million depositary receipts
("Depositary Receipts") representing ordinary shares in ABN AMRO
Group N.V. ("ABN AMRO Group") for a price of EUR 23.50 per
Depositary Receipt. ABN AMRO will not receive any of the
transaction proceeds.
Following the settlement of the transaction, the
stake of NLFI decreases from 63% to 56%. NLFI has previously
announced that it intends to divest its remaining stake in ABN AMRO
Group over time.
Furthermore, NLFI has agreed with the joint
bookrunners that the remaining shares in ABN AMRO Group held by
NLFI will be subject to a lock-up period of 60 calendar days
following the settlement of the transaction. This lock-up may be
waived by the joint bookrunners at their sole discretion.
Following settlement of the transaction, Stichting
Administratiekantoor Continuïteit ABN AMRO Group (the "ABN AMRO
Trust Office") holds 44% of the ordinary shares in ABN AMRO
Group.
ABN AMRO Press
Office
ABN AMRO Investor Relations
Jeroen van Maarschalkerweerd
Dies
Donker
Senior Press Officer, Press &
PR Head
of Investor Relations
pressrelations@nl.abnamro.com
investorrelations@nl.abnamro.com
+31 20 6288900
+31 20 6282282
This press release is published
by ABN AMRO Group N.V. and contains inside information within the
meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014
(Market Abuse Regulation)
This document does not
constitute, or form part of, an offer to sell, or a
solicitation of an offer to purchase, any
securities ( the "Securities") of ABN AMRO Group N.V. (the
"Company") in the United States. The Securities of the
Company have not been and will not be registered under the U.S.
Securities Act of 1933 (the "Securities Act") and may not be
offered or sold within the United States absent registration or an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act.
Dutch State reduces stake in ABN
AMRO Group to 56%
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: ABN AMRO via Globenewswire
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