Brief: Van Lanschot Kempen To Recognise Impairment Of Goodwill Of EUR 35 Mln In Its 2019 Annual Accounts

Van Lanschot Kempen NV

10/01/2020 06:32

Jan 10 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * REG-VAN LANSCHOT KEMPEN TO RECOGNISE A GOODWILL IMPAIRMENT
    * IS TO RECOGNISE AN IMPAIRMENT OF GOODWILL AMOUNTING TO EUR
35
MILLION IN ITS 2019 ANNUAL ACCOUNTS
    * IMPAIRMENT WILL NOT AFFECT ITS LIQUIDITY POSITION, CET 1
RATIO
OR DIVIDEND POLICY.
    * THIS ONE-OFF IMPAIRMENT RELATES TO GOODWILL INVOLVED IN
ACQUISITION OF KEMPEN & CO IN 2007
    * 2019 UNDERLYING NET RESULT EQUALS NET RESULT ADJUSTED
EXCLUSIVELY FOR COMPANY'S STRATEGIC INVESTMENT PROGRAMME AND
RESTRUCTURING CHARGES.
    * NO CHANGES WILL BE MADE TO VAN LANSCHOT KEMPEN'S DIVIDEND
POLICY, WHICH ENVISAGES A PAY-OUT RATIO OF 50-70% OF ITS
UNDERLYING NET RESULT

Source text for Eikon:  ID:nGNE2TP1pS 
Further company coverage:  VLAN.AS 

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