NLFI announces new trading plan to further reduce stake in ABN AMRO

NLFI has explained that the trading plan aims to reduce its stake in ABN AMRO from 40.5% to approximately 30%.

At some point during the execution of the trading plan, NLFI’s stake in ABN AMRO may drop below one-third of the total outstanding share capital. The Relationship Agreement between NLFI and ABN AMRO specifies that in the event that NLFI’s stake drops below one-third, new terms regarding NLFI’s right to obtain information will be agreed in good faith.

NLFI and ABN AMRO have agreed on a new arrangement. It has been agreed that, instead of at one-third, NLFI and ABN AMRO will agree in good faith on NLFI's information rights in the event that NLFI's stake falls below 15 percent. It has also been agreed that, upon NLFI's stake falling below one-third, NLFI’s information right concerning decisions regarding investments or divestments to the value of EUR 50 million or more will terminate.

The other provisions in the Relationship Agreement remain unchanged.

For more information on the Relationship Agreement between NLFI and ABN AMRO, please click here: Relationship Agreement.

More information on the programme can be found on NLFI’s website.