All agenda items approved at Van Lanschot's Annual General Meeting; Simplification of Van Lanschot's share structure
(Thomson Reuters ONE) -
Van Lanschot's Annual General Meeting of Shareholders
The Annual General Meeting of Shareholders of Van Lanschot NV on 11 May 2011
voted in favour of all proposals.
Ms Kersten, lawyer and managing partner at Stibbe, was appointed member of the
Supervisory Board.
Mr de Swaan (chairman), Mr Slippens and Mr Duron were reappointed to the
Supervisory Board. Mr de Monchy stepped down as member of the Supervisory Board
after having served on the Supervisory Board for the maximum term of office of
twelve years.
Furthermore, the Annual General Meeting of Shareholders approved of the proposal
to distribute a dividend of ? 0.70 per share. The dividend will be paid in cash
and shall become payable on 20 May 2011.
Renewal of shareholder agreement with LDDM Holding BV
LDDM Holding BV and Van Lanschot NV have renewed the existing shareholder
agreement which dates from 1999.
In the renewed shareholder agreement, LDDM reconfirms that it will continue to
respect the independence and stand-alone nature of Van Lanschot. Within this
scope, LDDM shall not cooperate in a third party's acquisition of an interest of
25% or more in the total issued share capital of Van Lanschot NV. In any future
share issues, Van Lanschot will give LDDM the opportunity to keep its relative
shareholding in Van Lanschot at a certain level, subject to certain conditions.
As long as LDDM holds an interest of at least 7.5% in Van Lanschot's share
capital, it has the right to recommend one member of the Supervisory Board of
Van Lanschot. Mr G. van Lanschot currently holds a seat on the Supervisory
Board, on the recommendation of LDDM.
Simplification of share structure Van Lanschot
The issued capital of Van Lanschot NV comprises ordinary A and ordinary B
shares. The ordinary A shares are held by Stichting Administratiekantoor van
gewone aandelen A Van Lanschot which has issued depositary receipts for those
shares, that are listed on the Official Market of the Euronext Amsterdam stock
exchange. The ordinary B shares are held by several large shareholders.
To simplify Van Lanschot's share structure, the Supervisory Board and the Board
of Managing Directors have agreed to the conversion of the interest of the
remaining holders of B shares (LDDM Holding BV and Stichting Pensioenfonds ABP)
into depositary receipts for ordinary A shares. In accordance with the current
policy, conversion will take place in three equal annual tranches, as a result
of which all remaining B shares will be converted into A shares within a two-
year period. All outstanding shares of Van Lanschot NV will then be in the form
of ordinary A shares.
LDDM has a total interest of around 11% in Van Lanschot, of which 3,991,140
ordinary B shares. Stichting Pensioenfonds ABP has a total interest of around
13% in Van Lanschot, of which 2,940,872 ordinary B shares.
's-Hertogenbosch, the Netherlands, 11 May 2011
Van Lanschot Media Relations: Etienne te Brake, Media Relations Manager
Telephone +31 (0)73 548 30 26; mobile +31 (0)6 12 505 110; e-mail
e.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-mail
g.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 Euronext
Amsterdam.
Press release (PDF) :
http://hugin.info/133415/R/1514618/450739.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Van Lanschot via Thomson Reuters ONE
[HUG#1514618]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2011 - 16:53 Uhr
Sprache: Deutsch
News-ID 54544
Anzahl Zeichen: 4789
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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