Shareholders approve proposed conversion of preference shares
(Thomson Reuters ONE) -
The Extraordinary General Meeting of Shareholders of Van Lanschot NV held on
1 June 2010 voted in favour of the proposed conversion of the preference shares
as announced by Van Lanschot on 6 May 2010 and the related proposal to amend the
Articles of Association.
The conversion of preference shares into ordinary A shares was completed today.
This conversion leads to a 16.5% increase in the number of ordinary shares. The
dilution effect on earnings per share is limited due to the fact that the annual
dividend on the preference shares of ? 11.25 million is no longer due.
The conversion of the preference shares would lead to a Core Tier I ratio at
31 March 2010 (pro forma, core activities) of 8.0%. Following this conversion,
Van Lanschot expects to be able to meet the new capital requirements which will
be imposed by Basel III.
's-Hertogenbosch, 1 June 2010
Van Lanschot Media Relations: Etienne te Brake, Corporate Communication
spokesperson
Telephone +31 (0)73 548 30 26; mobile +31 (0)6 12 505 110;
e-maile.tebrake(at)vanlanschot.com
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations
Manager
Telephone +31 (0)73 548 33 50; mobile +31 (0)6 13 976 401;
e-mailg.a.m.bakker(at)vanlanschot.com
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 focuses on three target groups: high net-worth individuals,
medium-sized businesses (including family businesses) and institutional
investors. Van Lanschot stands for high-quality services founded on integrated
advice, personal service and customised solutions. Van Lanschot NV is listed on
the Euronext Amsterdam Stock Market.
[HUG#1420724]
Press release (PDF): http://hugin.info/133415/R/1420724/370232.pdf
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2010 - 18:01 Uhr
Sprache: Deutsch
News-ID 48214
Anzahl Zeichen: 2195
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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"Shareholders approve proposed conversion of preference shares"
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