Delta Lloyd launches the sale of its shareholding in Van Lanschot
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA , SOUTH AFRICA, JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Amsterdam / 's-Hertogenbosch, 31 May 2016
Delta Lloyd N.V., Delta Lloyd Levensverzekering N.V. and Delta Lloyd
Schadeverzekering N.V. ("Delta Lloyd") are offering (the "Offering") up to 11.3
million existing depositary receipts (the "Offer DRs") representing class A
ordinary shares in the capital of Van Lanschot N.V. (the "Company" or "Van
Lanschot") with a nominal value of ?1 each. The Offer DRs represent
approximately 27.4% of the Company's total issued share capital.
Offering highlights
* Offer and subscription period commences today and is expected to end for
retail investors at 5:30pm CET on 7 June 2016 and for institutional
investors at 2:00pm CET on 8 June 2016, subject to acceleration or extension
* Sale of up to 11.3 million Offer DRs by Delta Lloyd representing 27.4% of
Van Lanschot's share capital, excluding exercise of the over-allotment
option
* Over-allotment option of up to 10% of the Offer DRs which will consist of
existing depositary receipts held by Delta Lloyd. The total sale including
the over-allotment option represents the full stake held by Delta Lloyd of
approximately 30.2% in Van Lanschot's share capital
* The offer price ("Offer Price") is expected to be in the range of ?15.00 to
?18.00 per Offer DR and will be determined following a bookbuilding process
* The Offering will allow Van Lanschot to substantially increase its free
float and is expected to increase the liquidity of its listed depositary
receipts
* Up to 1% of the Offering (excluding the over-allotment option) is reserved
for a preferential allocation of the Offer DRs to eligible employees of Van
Lanschot
* The members of Van Lanschot's Executive Board will subscribe for Offer DRs
at the Offer Price for an aggregate amount of ?1,060,000 and these
subscriptions will be allocated in full
* Prospectus available as of today
Please follow the link below to download the press release, the prospectus and
other relevant information.
For further information
https://corporate.vanlanschot.nl/offering
Delta Lloyd
Media Relations +31 20 594 4488, mediarelations(at)deltalloyd.nl
Investor Relations + 31 20 594 9693, ir(at)deltalloyd.nl
Van Lanschot
Media Relations +31 20 354 4585, mediarelations(at)vanlanschot.com
Investor Relations +31 20 354 4590, investorrelations(at)vanlanschot.com
About Delta Lloyd
Delta Lloyd NV provides life insurance, pensions, general insurance, asset
management and banking products and services to 4.2 million customers in the
Netherlands and Belgium. Delta Lloyd uses multiple channels to distribute its
products and services under well-known and respected brands: Delta Lloyd,
BeFrank, OHRA and ABN AMRO Insurance. Delta Lloyd has 4,130 full-time employees,
of which 3,647 are in the Netherlands and 483 in Belgium. Delta Lloyd is listed
on Euronext Amsterdam and Brussels.
About Van Lanschot
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the
oldest independent bank in the Netherlands with a history dating back to 1737.
Van Lanschot, a wealth manager operating under the Van Lanschot and Kempen & Co
brand names, is active in Private Banking, Asset Management and Merchant
Banking, with the aim of preserving and creating wealth for its clients. Van
Lanschot NV is listed on Euronext Amsterdam.
Disclaimer
The contents of this announcement have been prepared by and are the sole
responsibility of Delta Lloyd and the Company. The information contained in this
announcement is for background purposes only and does not purport to be full or
complete. No reliance may be placed by any person for any purpose on the
information contained in this announcement or its accuracy, fairness or
completeness.
These materials are not for release, distribution or publication, whether
directly or indirectly and whether in whole or in part, into or in the United
States, Canada, Australia, South Africa or Japan or any (other) jurisdiction
where to do so would constitute a violation of the relevant laws of such
jurisdiction.
These materials are for information purposes only and are not intended to
constitute, and should not be construed as, an offer to sell or a solicitation
of any offer to buy the securities of Van Lanschot N.V. (the Company), and such
securities (the Securities) in the United States, Canada, Australia, South
Africa or Japan or in any other jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of such jurisdiction.
The Securities are not and will not be registered under the U.S. Securities Act
of 1933, as amended (the Securities Act) and may not be offered or sold in the
United States absent registration or an exemption from the registration
requirements of the Securities Act. The Company has no intention to register any
part of the offering in the United States or make a public offering of
Securities in the United States.
In the United Kingdom, this document and any other materials in relation to the
Securities is only being distributed to, and is only directed at, and any
investment or investment activity to which this document relates is available
only to, and will be engaged in only with, "qualified investors" (as defined in
section 86(7) of the Financial Services and Markets Act 2000) and who are (i)
persons having professional experience in matters relating to investments who
fall within the definition of "investment professionals" in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
Order); or (ii) high net worth entities falling within Article 49(2)(a) to (d)
of the Order (all such persons together being referred to as "relevant
persons"). Persons who are not relevant persons should not take any action on
the basis of this document and should not act or rely on it.
The Company has not authorised any offer to the public of Securities in any
Member State of the European Economic Area other than the Netherlands. With
respect to any Member State of the European Economic Area, other than the
Netherlands, which has implemented the Prospectus Directive (each a Relevant
Member State), no action has been undertaken or will be undertaken to make an
offer to the public of Securities requiring publication of a prospectus in any
Relevant Member State. As a result, the Securities may only be offered in
Relevant Member States (i) to any legal entity which is a qualified investor as
defined in the Prospectus Directive; or (ii) in any other circumstances falling
within Article 3(2) of the Prospectus Directive.
For the purpose of this paragraph, the expression "offer of securities to the
public" means the communication in any form and by any means of sufficient
information on the terms of the offer and the Securities to be offered so as to
enable the investor to decide to exercise, purchase or subscribe for the
Securities, as the same may be varied in that Member State by any measure
implementing the Prospectus Directive in that Member State and the expression
"Prospectus Directive" means Directive 2003/71/EC (and amendments thereto,
including Directive 2010/73/EU, to the extent implemented in the Relevant Member
State), and includes any relevant implementing measure in the Relevant Member
State.
No action has been taken by the Company that would permit an offer of Securities
or the possession or distribution of these materials or any other offering or
publicity material relating to such Securities in any jurisdiction where action
for that purpose is required.
The release, publication or distribution of these materials in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which they are released, published or distributed, should
inform themselves about, and observe, such restrictions.
This announcement does not constitute a prospectus. An offer to acquire
Securities pursuant to the proposed offering will be made, and any investor
should make his investment, solely on the basis of information that is contained
in the prospectus to be made generally available in the Netherlands in
connection with such offering. Copies of the prospectus may be obtained at no
cost from the Company, Kempen & Co N.V. or through the website of the Company.
Any purchase of Securities in the proposed Offering should be made solely on the
basis of the information contained in the prospectus. The information in this
announcement is subject to change.
Acquiring investments to which this announcement relates may expose an investor
to a significant risk of losing all of the amount invested. Persons considering
making such investments should consult an authorised person specialising in
advising on such investments. This announcement does not constitute a
recommendation concerning the Offering. The value of shares can decrease as well
as increase. Potential investors should consult a professional advisor as to the
suitability of the Offering for the person concerned.
In connection with the Offering of the Securities, Goldman Sachs International,
UBS Limited, Merrill Lynch International, ABN AMRO Bank N.V., Kempen & Co N.V.
and Kepler Cheuvreux S.A., and any of their affiliates, may take up a portion of
the Securities in the Offering as a principal position and in that capacity may
retain, purchase, sell, offer to sell for their own accounts such Securities and
other securities of the Company or related investments in connection with the
Offering or otherwise. Accordingly, references in the prospectus, once
published, to the Securities being issued, offered, subscribed, acquired, placed
or otherwise dealt in should be read as including any issue or offer to, or
subscription, acquisition, placing or dealing by, Goldman Sachs International,
UBS Limited, Merrill Lynch International , ABN AMRO Bank N.V., Kempen & Co N.V.
and Kepler Cheuvreux S.A. and any of their affiliates acting in such capacity.
In addition Goldman Sachs International, UBS Limited, Merrill Lynch
International, ABN AMRO Bank N.V., Kempen & Co N.V. and Kepler Cheuvreux S.A.
and any of their affiliates may enter into financing arrangements (including
swaps or contracts for differences) with investors in connection with which
Goldman Sachs International, UBS Limited, Merrill Lynch International, ABN AMRO
Bank N.V., Kempen & Co N.V. and Kepler Cheuvreux S.A. and any of their
affiliates may from time to time acquire, hold or dispose of Securities. Goldman
Sachs International, UBS Limited, Merrill Lynch International, ABN AMRO Bank
N.V., Kempen & Co N.V. and Kepler Cheuvreux S.A. do not intend to disclose the
extent of any such investment or transactions otherwise than in accordance with
any legal or regulatory obligations to do so.
None of Goldman Sachs International, UBS Limited, Merrill Lynch International,
ABN AMRO Bank N.V., Kempen & Co N.V. and Kepler Cheuvreux S.A. or any of their
respective directors, officers, employees, advisers or agents accepts any
responsibility or liability whatsoever for or makes any representation or
warranty, express or implied, as to the truth, accuracy or completeness of the
information in this announcement (or whether any information has been omitted
from the announcement) or any other information relating to the Company or Delta
Lloyd, their subsidiaries or associated companies, whether written, oral or in a
visual or electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of this announcement or its contents or
otherwise arising in connection therewith.
In connection with the Offering, Goldman Sachs International as Stabilisation
Agent, or any of its agents, on behalf of the Managers, may (but will be under
no obligation to), to the extent permitted by applicable law, over allot the
Securities or effect other transactions with a view to supporting the market
price of the Securities at a higher level than that which might otherwise
prevail in the open market. The Stabilisation Agent will not be required to
enter into such transactions and such transactions may be effected on any
securities market, over-the-counter market, stock exchange (including Euronext
Amsterdam) or otherwise and may be undertaken at any time during the period
commencing on the settlement date and ending no later than 30 calendar days
after the date of the publication of the pricing statement. The Stabilisation
Agent or any of its agents will not be obligated to effect stabilising
transactions, and there will be no assurance that stabilising transactions will
be undertaken. Such stabilising transactions, if commenced, may be discontinued
at any time without prior notice. Save as required by law or regulation, neither
the Stabilisation Agent nor any of its agents intends to disclose the extent of
any over-allotments made and/or stabilisation transactions under the Offering.
None of the Company, Delta Lloyd or any of the Managers makes any representation
or prediction as to the direction or the magnitude of any effect that the
transactions described above may have on the price of the Securities or any
other securities of the Company.
Goldman Sachs International and UBS Limited (together, the Joint Global Co-
ordinators) and Merrill Lynch International and ABN AMRO Bank N.V. (together,
the Joint Bookrunners and together with the Joint Global Co-ordinators, the
Managers) act exclusively for the Company and Delta Lloyd and no-one else in
connection with any offering of Securities and will not be responsible to anyone
other than the Company and Delta Lloyd for providing the protections afforded to
their respective customers or for providing advice in relation to any offering
or any transaction or arrangement referred to herein. The Joint Global Co-
ordinators and Merrill Lynch International are each authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the United Kingdom.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Van Lanschot via GlobeNewswire
[HUG#2016598]
Unternehmensinformation / Kurzprofil:
Datum: 31.05.2016 - 07:02 Uhr
Sprache: Deutsch
News-ID 474420
Anzahl Zeichen: 16842
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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