Today: June 25, 2018, 9:48 pm
  
Business

Van Lanschot Kempen's shareholders agree to proposed return of capital

PR-Inside.com: 2017-10-11 11:49:01

's-Hertogenbosch, the Netherlands, 11 October 2017

At an Extraordinary General Meeting of Shareholders held in the city of 's-Hertogenbosch, Van Lanschot Kempen's shareholders today approved the proposed return of capital in the amount of €1 per share, as announced on 29 August 2017.

Van Lanschot Kempen will return a total of over €41 million in capital in December 2017, subject to the legally prescribed period applicable to a capital return such as this. The capital return will be charged to the share premium reserve available for distribution and will therefore be exempt from dividend tax. Total share capital in issue will be unchanged and the CET I ratio will remain well ahead of Van Lanschot Kempen's capital objective of 15-17% even after the return of capital.

The proposed return of capital represents the next step in the implementation of Van Lanschot Kempen's capital strategy. Its aim is to return at least €250 million to shareholders in the period up to and including 2020, subject to the approval of its regulator. Including the capital return approved today, over €90 million of this is returned to shareholders.

Proposed dates related to capital return:
Ex-date                      18 December 2017
Record date               19 December 2017
Payment date             20 December 2017


Media Relations
: +31 20 354 45 85; mediarelations@vanlanschotkempen.com
Investor Relations: +31 20 354 45 90; investorrelations@vanlanschotkempen.com

About Van Lanschot Kempen
Van Lanschot Kempen, a wealth manager operating under the Van Lanschot, Evi and Kempen 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 Kempen, listed at Euronext Amsterdam, is the Netherlands' oldest independent financial services company with a history dating back to 1737.

vanlanschotkempen.com

Disclaimer
This document does not constitute an offer or solicitation for the sale, purchase or acquisition in any other way of or subscription to any financial instrument and is not an opinion or a recommendation to perform or refrain from performing any action.

Press release - BAVA - Return of capital



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: Van Lanschot Kempen via Globenewswire




# 491 Words
Related Articles
More From The Author
Klövern AB (publ): Klövern in property swap [..]
In a property swap deal with Corem, Klövern acquires three properties in Norrköping and one site leasehold to a property [..]
Clarabridge Announces Customer Experience Champion Award [..]
Clarabridge, Inc. : CXC Luminary Award: Honours an organisation that has made a corporate shift to elevate customer experience to [..]
ObserveIT Brings Industry-First Capabilities to Market in [..]
ObserveIT : ObserveIT 7.1 features industry-first capabilities to thwart data exfiltration, including File Activity Monitoring to [..]
Agilesphere Advances Their Review into the Future [..]
Agilesphere has advanced their conversation with industry to rethink how organisations are structured. Leading a roundtable at [..]
Medicrea Showcases UNiD™ ASI Technology at Eurospine [..]
The Medicrea Group (Euronext Growth Paris: FR0004178572 - ALMED), pioneering the convergence of healthcare IT and next-generation, outcome-centered [..]
 
More From Business
Panama City Beach Realtor is Expanding
Panama City Beach, Fl – June 10, 2018 - Chad Miller is a Panama City Beach Realtor that began his [..]
Carrie Lam encourages French companies to leverage [..]
HONG KONG, June 20, 2018 - (ACN Newswire) - The Chief Executive of the Hong Kong Special Administrative Region, Mrs [..]
Tarps Now® Expansion Focuses on Deliveries of [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce increased commitment to Heavy Duty Tarps and Covers [..]
Hong Kong Q2 2018 Exports Index at [..]
HONG KONG, June 20, 2018 - (ACN Newswire) - The HKTDC Export Index for the second quarter of 2018 (2Q18) [..]
Colorado Springs Movers Celebrates 21 Years Serving [..]
Moving Day Inc. is a Colorado Springs based moving company that is celebrating 21 years of serving clients by providing [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.