Dutch State to sell depositary receipts in ABN AMRO Group
June 27 2017 - 11:53AM
Dutch State to sell depositary
receipts in ABN AMRO Group
Stichting administratiekantoor beheer financiële
instellingen (NL Financial Investments, "NLFI"), on behalf of the
Dutch state, today announced the intention to sell up to 65
million of depositary receipts ("Depositary Receipts") representing
ordinary shares in ABN AMRO Group N.V. ("ABN AMRO Group"). These
Depositary Receipts represent approximately up to 7% of the share
capital of ABN AMRO Group.
NLFI will offer the Depositary Receipts by way of
an accelerated book building offering to qualified investors (the
"Offering").
Following the settlement of the Offering, 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 held by NLFI will
be subject to a lock-up period of 60 calendar days following the
settlement of the Offering. 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 to sell depositary
receipts in ABN AMRO Group
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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