Van Lanschot Kempen announces intention to issue Additional Tier 1 notes
22 January 2024 - 7:25PM
Van Lanschot Kempen announces intention to issue Additional Tier 1
notes
Amsterdam/’s-Hertogenbosch, the Netherlands, 22 January 2024
Van Lanschot Kempen today announced its intention to issue €100
million of Additional Tier 1 (AT1) notes in PerpNC5.7 format. The
transaction will be executed in the foreseeable future, subject to
market conditions, and the notes will be listed on Euronext
Amsterdam. Currently, Van Lanschot Kempen has an AT1 instrument
coming up for a first optional redemption on 1 April 2024.
Van Lanschot Kempen has mandated Morgan Stanley as sole lead
manager for this transaction.
With this announcement, Van Lanschot Kempen is publishing
additional figures related to the maximum distributable amounts
(MDA) as of 30 June 2023, and 30 September 2023.
| |
As at 30 June 2023 |
|
|
CET1(consolidated) |
Tier 1(consolidated) |
Total capital (consolidated) |
|
Maximum distributable amounts (MDA) threshold (%) |
9.9% |
12.0% |
14.9% |
|
Capital ratios (%) |
21.6% |
23.9% |
27.4% |
|
Risk-weighted assets (€ million) |
4,274 |
|
MDA to buffer (%) |
11.7% |
11.7% |
11.7% |
|
MDA to buffer (€ million) |
500 |
500 |
500 |
|
|
|
|
|
|
|
As at 30 September 2023 |
|
|
CET1 (solo / consolidated) |
Tier 1 (solo / consolidated) |
Total capital (solo / consolidated) |
|
Maximum distributable amounts (MDA) threshold (%) |
10.2% / 10.8% |
12.5% / 13.2% |
15.5% / 16.5% |
|
Capital ratios (%) |
16.3% / 18.9% |
18.2% / 21.1% |
21.0% / 24.6% |
|
Risk-weighted assets (€ million) |
5,398 / 4,372 |
|
MDA to buffer (%) |
6.1% / 8.1% |
5.7% / 7.9% |
5.5% / 7.9% |
|
MDA to buffer (€ million) |
332 / 354 |
309 / 347 |
296 / 347 |
Media RelationsMaud van GaalT +31 20 354 45
85mediarelations@vanlanschotkempen.com
Investor RelationsJudith van TolT +31 20 354 45
90investorrelations@vanlanschotkempen.com
About Van Lanschot Kempen NVVan Lanschot Kempen is an
independent, specialist wealth manager active in private banking,
investment management and investment banking, with the aim of
preserving and creating wealth, in a sustainable way, for both its
clients and the society of which it is part. Through its long-term
focus, it creates positive financial and non-financial value.
Listed at Euronext Amsterdam, Van Lanschot Kempen is the
Netherlands’ oldest independent financial services company, with a
history dating back to 1737.
For more information, please visit vanlanschotkempen.com
Important legal information and cautionary note on
forward-looking statementsThis press release may contain
forward-looking statements and targets on future events and
developments. These forward-looking statements and targets 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 and
targets 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 and
targets.
Van Lanschot Kempen cautions that forward-looking statements and
targets 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.
The figures in this press release have not been audited. Small
differences are possible in the tables due to rounding. Percentages
are calculated based on unrounded figures.
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 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.
- Van Lanschot Kempen_press release_AT1 notes announcement
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