Dutch State to sell depositary receipts in ABN AMRO Group
September 14 2017 - 11:44AM
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 up to approximately 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 is expected to decrease from 63% to approximately
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 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
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 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
Abn Amro (NYSE:ABN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Abn Amro (NYSE:ABN)
Historical Stock Chart
From Apr 2023 to Apr 2024