Saxo Bank acquires ordinary shares in BinckBank
This is a press release by Saxo Bank A/S (Saxo Bank) pursuant to the provisions of Section 5 paragraphs 4 and 5 of the Decree on Public Takeover Bids (Besluit openbare biedingen Wft) (the Decree) in connection with the announced recommended public offer by Saxo Bank for all the issued and outstanding ordinary shares in the capital of BinckBank N.V. (BinckBank). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States, Canada or Japan or in any other jurisdiction in which such release, publication or distribution would be unlawful.
Copenhagen, 17 December 2018 – Saxo Bank announces that today it conducted transactions in BinckBank shares
Reference is made to the joint press release by Saxo Bank and BinckBank regarding the announcement of the recommended all-cash public offer for all BinckBank shares (the Shares) dated 17 December 2018 (the Offer).
Pursuant to the provisions of Section 5 paragraphs 4 and 5 of the Decree, Saxo Bank announces that today Saxo Bank conducted transactions in ordinary shares of BinckBank or securities that are convertible into, exchangeable for or exercisable for such shares, the details of which are stated below.
|Date||Transaction type||Total number Shares||Types of Shares||Volume weighted average price (€)|
|17 December 2018||Purchase||518,503||Ordinary||6.15|
The highest price per BinckBank ordinary share paid in a transaction conducted on 17 December 2018 was EUR 6.18 per ordinary BinckBank share.
Following the transactions set out above, Saxo Bank and its affiliates acquired a total of 518,503 ordinary shares in BinckBank, representing 0.77% of the issued share capital of BinckBank and 0.78% of the issued and outstanding share capital of BinckBank.
To the extent permissible under applicable law or regulation, Saxo Bank and its affiliates may from time to time after the date hereof, and other than pursuant to the intended offer, directly or indirectly purchase, or arrange to purchase, ordinary shares in the capital of BinckBank, that are the subject of the Offer. To the extent information about such purchases or arrangements to purchase is made public in the Netherlands, such information will be disclosed by means of a press release to inform shareholders of such information, which will be made available on the website of Saxo Bank. In addition, financial advisors to Saxo Bank may also engage in ordinary course trading activities in securities of BinckBank, which may include purchases or arrangements to purchase such securities.
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit http://www.home.saxo.