AMSTERDAM, July 16 (Reuters) - Dutch regulators suspended trading in shares of brokerage Van Der Moolen on Thursday pending an announcement, though the company could not say when that news would be released.
The AFM suspended shares just before the market opened, saying it was awaiting a news release from the company. A spokeswoman for Van Der Moolen said a statement was coming, but was not certain it would be released on Thursday.
Late on Wednesday Van Der Moolen said Hans Kroon had decided not to become a member of the company's board 'for personal reasons'. Kroon, a former CEO of the company and chairman of its supervisory board, was nominated to the executive board in May.
The spokeswoman said the pending news was different from the news about Kroon.
Van Der Moolen shares closed at 1.55 euros on Wednesday in Amsterdam. The stock has recovered from its lows in early March but is still off nearly 73 percent from its highs last August.
In late May the brokerage posted a net loss on low trading volumes and a lack of market liquidity and again declined to forecast results for the year.
The company focuses on European stock trading after closing its U.S. specialist business in 2007.
(Reporting by Ben Berkowitz; Editing by Jon Loades-Carter) Keywords: VANDERMOOLEN/ (ben.berkowitz@thomsonreuters.com; +31 20 504 5011; Reuters Messaging: ben.berkowitz.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The AFM suspended shares just before the market opened, saying it was awaiting a news release from the company. A spokeswoman for Van Der Moolen said a statement was coming, but was not certain it would be released on Thursday.
Late on Wednesday Van Der Moolen said Hans Kroon had decided not to become a member of the company's board 'for personal reasons'. Kroon, a former CEO of the company and chairman of its supervisory board, was nominated to the executive board in May.
The spokeswoman said the pending news was different from the news about Kroon.
Van Der Moolen shares closed at 1.55 euros on Wednesday in Amsterdam. The stock has recovered from its lows in early March but is still off nearly 73 percent from its highs last August.
In late May the brokerage posted a net loss on low trading volumes and a lack of market liquidity and again declined to forecast results for the year.
The company focuses on European stock trading after closing its U.S. specialist business in 2007.
(Reporting by Ben Berkowitz; Editing by Jon Loades-Carter) Keywords: VANDERMOOLEN/ (ben.berkowitz@thomsonreuters.com; +31 20 504 5011; Reuters Messaging: ben.berkowitz.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.