's-Hertogenbosch, the Netherlands, 29 August 2017
On 29 August 2017 Van Lanschot Kempen will expand its share buy-back programme by 150,000 of its own shares (depositary receipts for Class A ordinary shares), taking to a maximum 300,000 shares the total number of shares it will repurchase under the programme.
The share buy-back programme serves to cover the depositary receipts to be allocated to employees under the existing remuneration policy and share plan. At the closing price on Monday 28 August 2017, the programme plus increase will cost up to €7.7 million. It will end the day prior to the release of the 2017 annual figures or if the maximum number of shares is reached sooner.
Between 22 and 28 August 2017 Van Lanschot Kempen repurchased 18,500 of its own shares. The shares were repurchased at an average price of €25.75 per share for a total amount of €476,413. The total number of shares repurchased under the programme to date is 102,630.
Van Lanschot Kempen has tasked ING with the implementation of its share buy-back programme. ING makes its trading decisions independently of Van Lanschot Kempen.
More information, including a detailed overview of the repurchase transactions under this programme, is available at www.vanlanschotkempen.com/sharebuyback.
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 or subscription to any financial instrument and is not an opinion or a recommendation to perform or refrain from performing any action.
This document is a translation of the Dutch original and is provided as a courtesy only. In the event of any disparities, the Dutch version will prevail.
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
