Van Lanschot Kempen carries out share buy-back programmes. The purpose of the share buy-back programmes is to cover the allocation of depositary receipts to employees under the existing remuneration policy and the employee share plan.
On 7 June 2017 Van Lanschot Kempen started a share buy-back programme for at most 150,000 of its own shares (depositary receipts for Class A ordinary shares). On the closing price of 6 June 2017, the programme will cost a maximum €3.6 million.
The share buy-back programme will end on the day before the publication of Van Lanschot Kempen’s 2017 annual figures, or sooner if the maximum number of repurchased shares is reached before then.
Updates on the share buy-back programme will be posted in a press release. On this page of the corporate website Van Lanschot Kempen will publish a detailed overview of the share buy-back transactions on a weekly basis.
Note - Van Lanschot Kempen has asked its intermediary ING not to make any repurchases under the share buy-back programme on 27, 28, 29 and 30 June, in connection with the preparation of the half-year financial statements of Van Lanschot Kempen NV and F. van Lanschot Bankiers NV.