Update on offer Saxo Bank

On 17 December 2018 BinckBank and Saxo Bank announced to agree on recommended all cash public offer for all BinckBank shares. Here you can find update on the intended offer by Saxo Bank for BinckBank.

Important information Public Offer of Saxo Bank

  • Recommended all-cash offer of €6.35 per share – representing €424 million, a premium of 35% over the closing price of the last trading day before announcement (14 December 2018).
  • Delivering immediate, certain and significant value to BinckBank shareholders.
  • Unanimous support and recommendation by BinckBank’s executive and supervisory board.
  • All required filings have been made and regulatory clearances process is on track.
  • Completion if at least 80% of the shares are tendered.
  • Shareholders can continue to tender their shares until 31st of July 2019.