Dutch State reduces stake in ABN AMRO Group to 63%
June 28 2017 - 1:07AM
Dutch State reduces stake in ABN
AMRO Group to 63%
Stichting administratiekantoor beheer financiële Instellingen (NL
Financial Investments, "NLFI"), on behalf of the Dutch state, has
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 22,75 per Depositary
Receipt. ABN AMRO will not receive any of the transaction
proceeds.
Following the settlement of the transaction, the
stake of NLFI will decrease from 70% to 63%. 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.
ABN AMRO Press
Office
ABN AMRO Investor Relations
Jeroen van
Maarschalkerweerd Dies
Donker
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 63%
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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