Brief: Fastned Founders To Sell Small Portion Of Their Holdings

Fastned BV

12/01/2023 06:14

Jan 12 (Reuters) - FASTNED BV  FASTN.AS :
    * SAID ON WEDNESDAY ITS FOUNDERS MICHIEL LANGEZAAL AND BART
LUBBERS AND INVESTMENT CO BREESAAP WILL EACH GRADUALLY SELL UP
TO 380,000 DEPOSITARY RECEIPTS OF ORDINARY SHARES IN CAPITAL OF
FASTNED
    * EACH CORRESPONDING TO AROUND 2% OF CURRENTLY OUTSTANDING
DEPOSITARY RECEIPTS THROUGH PRE-ARRANGED TRADING PLAN MANAGED BY
ABN AMRO BANK
    * TRADING PLAN WILL TERMINATE NO LATER THAN DEC. 31, 2023
    * REASON FOR MICHIEL LANGEZAAL, BART LUBBERS AND BREESAAP TO
SELL
PORTION OF THEIR HOLDINGS IS TO DIVERSIFY THEIR PORTFOLIOS,
SATISFY TAX OBLIGATIONS AND REPAY FAMILY LOANS
    * ENVISAGED SALES WILL INCREASE FREE-FLOAT AND LIQUIDITY OF
DEPOSITARY RECEIPTS AS TRADED ON EURONEXT AMSTERDAM

        
 Source text for Eikon:  ID:nNDLBqkbt 
 Further company coverage:  FASTN.AS  
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))