Van Lanschot Kempen launches share buy-back programme to fund remuneration policy and share plans
Amsterdam/’s-Hertogenbosch, the Netherlands, 20 February 2020
On 20 February 2020, Van Lanschot Kempen will start the repurchase of up to 150,000 of its own shares (depositary receipts for Class A ordinary shares). At the closing price of 19 February 2020, the programme will cost €3.0 million. It will serve to cover the depositary receipts to be allocated to employees under the existing remuneration policy and share plans.
The share buy-back programme will end on the day before the publication of Van Lanschot Kempen’s 2020 annual figures, or sooner if the maximum number of repurchased shares is reached before then. Van Lanschot Kempen has tasked ING with the implementation of its share buy-back programme. ING will make its trading decisions independently of Van Lanschot Kempen.
Updates on the share buy-back programme will be announced in press releases and on the Van Lanschot Kempen website on a weekly basis (/sharebuyback).
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About Van Lanschot Kempen
Van Lanschot Kempen, a wealth manager operating under the Van Lanschot, Kempen and Evi 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 is an announcement pursuant to Article 5, paragraph 1, of Regulation (EU) Nr. 596/2014.
This press release does not constitute an offer or solicitation for the sale, purchase or acquisition in any other way or subscription to any financial instrument and is not a recommendation to perform or refrain from performing any action.
This press release is a translation of the Dutch language original and is provided as a courtesy only. In the event of any disparities, the Dutch language version will prevail. No rights can be derived from any translation thereof.
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