NLFI exchanges 59.7 million shares in ABN AMRO for depositary receipts
December 21 2017 - 11:45AM
NLFI exchanges 59.7 million
shares in ABN AMRO for depositary receipts
NLFI (Stichting administratiekantoor beheer
financiële instellingen) announced today that it has transferred
approximately 59.7 million ordinary shares in ABN AMRO Group
N.V. to the ABN AMRO Trust Office (Stichting
Administratiekantoor Continuïteit ABN AMRO Group) in exchange for
an equal amount of depositary receipts for ordinary shares in ABN
AMRO.
NLFI executed this transfer to avoid the necessity
for the ABN AMRO Trust Office to apply for any new declarations of
no objection and other similar regulatory approvals when NLFI
wishes to reduce its shareholding in ABN AMRO in the future. The
ABN AMRO Trust Office had been granted declarations of no objection
and other similar regulatory approvals to issue depositary receipts
in exchange for ordinary shares provided that a majority would be
exchanged in 2017. That condition has now been met.
The transferred ordinary shares represent
approximately 6.4% of ABN AMRO's share capital and do not affect
the total number of shares issued by ABN AMRO. As a result of the
transfer, NLFI continues to hold a stake of approximately 56.3% in
ABN AMRO, of which 49.9% is directly held via ordinary shares and
approximately 6.4% indirectly via depositary receipts. The
remaining 43.7% is held by institutional and retail investors in
the form of depositary receipts.
The new depositary receipts (held by NLFI) will be
listed on Euronext Amsterdam. The transfer does not result in any
changes to the rights and obligations of NLFI under the
Relationship Agreement. NLFI has waived, in its capacity of holder
of depositary receipts only, any meeting and voting rights attached
to the depositary receipts other than the right to vote in the
shareholders meeting of ABN AMRO.
ABN AMRO Press Office
Jeroen van Maarschalkerweerd, senior Press
Officer
pressrelations@nl.abnamro.com
+31 20 6288900 |
ABN AMRO Investor Relations
Dies Donker, head of Investor Relations
investorrelations@nl.abnamro.com
+31 20 6282282
|
NLFI exchanges 59.7 million shares
in ABN AMRO for depositary receipts
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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