Van Lanschot Kempen postpones 2019 dividend payment
03 Aprile 2020 - 8:00AM
Van Lanschot Kempen postpones 2019 dividend payment
Amsterdam/’s-Hertogenbosch, the Netherlands, 3 April 2020
Van Lanschot Kempen today announced that it will take the advice
of the European Central Bank (ECB) and De Nederlandsche Bank (DNB),
and delay payment of the 2019 dividend until after 1 October 2020
at the earliest. The world now finds itself in exceptional
conditions and Van Lanschot Kempen recognises and understands the
call from various sides to proceed with caution when paying
dividends. Although not all aspects of the recommendations apply to
it as a wealth manager, it has decided to take a responsible
approach and not to pay out any dividend at this stage.
Van Lanschot Kempen aims to sustainably preserve and create
wealth for its clients and its very robust capital and liquidity
buffers enable it to successfully carry out its wealth management
strategy. It is fully aware that these may be challenging times for
its clients, and it will help with tailored advice and products
where needed. Van Lanschot Kempen reported an ample CET 1 ratio of
23.8% at the end of December 2019.
The proposal to adopt the dividend will be put on the agenda for
the annual general meeting on 28 May 2020. As soon as circumstances
allow – such as the uncertainties over the coronavirus (COVID-19) –
in the opinion of the Statutory and Supervisory Boards, and
provided that its capital ratio continues to meets the required
targets, Van Lanschot Kempen will pay out the 2019 dividend to its
shareholders, but no earlier than 1 October 2020.
Publication of Q1 trading update on 7 May 2020
Today, Van Lanschot Kempen also announced that it is postponing the
publication of its first quarter 2020 trading update to 7 May 2020
(originally planned for 22 April 2020), as the current conditions
related to the coronavirus (COVID-19) are putting pressure on
available capacity within the organisation. Many of its employees
are working from home, as is much of the Netherlands. This has
caused a delay in the work required for the Q1 update.
FINANCIAL AGENDA7 May
2020 Publication of Q1
2020 trading update28 May 2020
Annual general meeting26 August 2020 Publication
of 2020 half-year figures
Media Relations: 020 354 45 85;
mediarelations@vanlanschotkempen.com
Investor Relations: 020 354 45 90;
investorrelations@vanlanschotkempen.com
About Van Lanschot Kempen Van Lanschot Kempen,
a wealth manager operating under the Van Lanschot, Kempen and Evi
brand names, is active in Private Banking, Asset Management and
Merchant Banking, with the aim of preserving and creating wealth
for its clients. Van Lanschot Kempen, listed at Euronext Amsterdam,
is the Netherlands’ oldest independent financial services company
with a history dating back to 1737.
vanlanschotkempen.com
Disclaimer and cautionary note on forward-looking
statements This press release may contain forward-looking
statements on future events and developments. These forward-looking
statements are based on the current insights, information and
assumptions of Van Lanschot Kempen’s management about known and
unknown risks, developments and uncertainties. Forward-looking
statements do not relate strictly to historical or current facts
and are subject to such risks, developments and uncertainties which
by their very nature fall outside the control of Van Lanschot
Kempen and its management.
Actual results, performances and circumstances may differ
considerably from these forward-looking statements as a result of
risks, developments and uncertainties relating to, but not limited
to, (a) estimates of income growth, (b) costs, (c) the
macroeconomic and business climate, (d) political and market
trends, (e) interest rates and currency exchange rates, (f)
behaviour of clients, competitors, investors and counterparties,
(g) the implementation of Van Lanschot Kempen’s strategy, (h)
actions taken by supervisory and regulatory authorities and private
entities, (i) changes in law and taxation, (j) changes in ownership
that could affect the future availability of capital, and (k)
changes in credit ratings.
Van Lanschot Kempen cautions that forward-looking statements in
this press release are only valid on the specific dates on which
they are expressed, and accepts no responsibility or obligation to
revise or update any information, whether as a result of new
information or for any other reason.
This press release does not constitute an offer or solicitation
for the sale, purchase or acquisition in any other way or
subscription to any financial instrument and is not a
recommendation to perform or refrain from performing any
action.
Elements of this press release contain information about Van
Lanschot Kempen NV and/or Van Lanschot Kempen Wealth Management NV
within the meaning of Article 7(1) to (4) of EU Regulation No.
596/2014.
This press release is a translation of the Dutch language
original and is provided as a courtesy only. In the event of any
disparities, the Dutch language version will prevail. No rights can
be derived from any translation thereof.
- Press release postponement dividend and trading update Q1
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