STAK AAB issues depositary receipts for the sixth time

News article
Article tags:
  • STAK AAB

On 9 October 2023NL Financial Investments (“NLFI”) announced in a press release that its trading plan to sell depositary receipts for shares in ABN AMRO Bank N.V. (“ABN AMRO”) on behalf of the Dutch State, has ended on 9 October 2023. The stake of NLFI in ABN AMRO has been reduced to 49.5%.

For the purpose of the execution of the trade plan, NLFI on 18 September 2023 transferred 3,462,266 shares in ABN AMRO to Stichting Administratiekantoor Continuïteit ABN AMRO Bank (“STAK AAB”) in exchange for an equal number of depositary receipts for shares. This tranche represents 0.4% of the total share capital of ABN AMRO.

The previous 5 tranches were issued in November 2015, November 2016, June, September and December 2017. The current total number of outstanding depositary receipts for shares equals 437,115,567.