Kempen European High Dividend Fund N.V. N · EURONEXT:KEHDF
Kempen European High Dividend Fund N.V. N — Van Lanschot — Shareholder Meeting (June 2010)
12 slides from Kempen European High Dividend Fund N.V. N's shareholder meeting presentation, Jun 1, 2010
Slide 1: Extraordinary Annual General Meeting of Shareholders
Van Lanschot NV Extraordinary Annual General Meeting of Shareholders ‘s-Hertogenbosch, 1 June 2010
Slide 2: Agenda item 2: Conversion of preference shares
Agenda item 2 Explanation of the conversion of preference shares Mr F.G.H. Deckers 1
Slide 3: Conversion of preference shares
Conversion of preference shares € 150 million in preference shares were issued in December 2008 The preference shares qualified as Tier I capital according to the Dutch Central Bank After the early conversion of the preference shares into ordinary shares, the target minimum Core Tier I ratio o
Slide 4: Details of the transaction
Details of the transaction Original conversion mechanism is applied as far as possible Instrument 1,379,311 preference A shares and 2,068,965 preference B shares, not listed Conversion value € 190 million, consisting of: - € 150 million preference A and B shares - € 11 million missed dividend 2009 -
Slide 5: Impact of the transaction (I)
Impact of the transaction (I) Improved capital Following conversion, the Core Tier I ratio improves by 1.2% The BIS total capital ratio and Tier I ratio improve slightly by ratios around 0.1% Increase in 5,822,297 ordinary A shares, partly through conversion and partly due to issue ordinary sh
Slide 6: Impact of the transaction (II)
Impact of the transaction (II) Capital ratios at 31 March 2010 (pro forma, core activities) BIS ratio 12.2% BIS ratio 12.4% Tier I ratio 10.1% Tier I ratio 10.2% Core Tier I Core Tier I 6.8% 8.0% ratio ratio Ratios before conversion Ratios after conversion Following the conversion, the Core Tier I
Slide 7: Impact of the transaction (III)
Impact of the transaction (III) Ordinary A shares Ordinary A shares Ordinary B shares Ordinary B shares 5% Preference A shares 4% Preference B shares 33% 35% 56% 67% Issued capital before conversion Issued capital after conversion Following conversion, the total number of issued shares will increa
Slide 8: Agenda item 3: Amendment to the Articles of Association
Agenda item 3 Amendment to the Articles of Association Mr T. de Swaan 7
Slide 9: Amendment to the Articles of Association
Amendment to the Articles of Association Proposed amendment to the Articles of Association in connection with the conversion of all issued preference A and B shares into ordinary A shares The objective of the amendment is to remove all references to the preference A and B shares Several techni
Slide 10: Agenda item 4: Reappointment of Mr I.A. Sevinga
Agenda item 4 Notice of the proposed reappointment of Mr I.A. Sevinga as a member of the Board of Managing Directors effective 1 January 2011 Mr T. de Swaan 9
Slide 11: Extraordinary Annual General Meeting of Shareholders
Van Lanschot NV Extraordinary Annual General Meeting of Shareholders ‘s-Hertogenbosch, 1 June 2010
Slide 12: Disclaimer
Disclaimer Forward looking statements This presentation contains forward looking statements concerning future events. Those forward looking statements are based on the current information and assumptions of the Van Lanschot management concerning known and unknown risks and uncertainties. Forward loo