Brief: Ackermans & Van Haaren, Delen Family Extend Historic Shareholder Agreements For 25 Years

Ackermans & Van Haaren NV

21/11/2024 06:09

Nov 21 (Reuters) - Ackermans & Van Haaren NV  ACKB.BR :
    * CO AND DELEN FAMILY CONFIRM THEIR LONG-TERM PARTNERSHIP
WITH
UPDATED SHAREHOLDER ARRANGEMENTS IN RESPECT OF DELEN PRIVATE
BANK AND BANK J. VAN BREDA & CO
    * EXTENDING THEIR AGREEMENTS FOR 25 YEARS
    * DELEN FAMILY WILL BE GIVEN A STRONGER RIGHT TO REQUEST TO
TRANSFER ALL OR PART OF THEIR ITS SHARES IN THE BANKS
    * PRICE FOR THE SHARES WILL BE BASED ON A REFERENCE VALUE
    * AGREEMENTS WILL ALSO BE AMENDED TO ALLOW FOR INCREASED
DIVIDEND
DISTRIBUTIONS TO THE COMPANY AND THE DELEN FAMILY
    * IF THE SHARES ARE NOT ACQUIRED BY THE COMPANY, DELEN
FAMILY IS
ENTITLED TO TRANSFER THE TO A THIRD PARTY
    * THE COMPANY HAS A PRE-EMPTION RIGHT ON SUCH SHARES, AT A
POTENTIAL PREMIUM

Source text:  ID:nGNEbnDQM6 
Further company coverage:  ACKB.BR 

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