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

  • Delisting of BinckBank will be effective on 26 September 2019.
  • Extraordinary General Meeting on 25 September 2019.
  • Final results of the offer for BinckBank: Saxo Bank will hold 97.96% of issued and outstanding shares.
  • Remaining Shares can be tendered during the Post-Closing Acceptance Period, commencing on Thursday 1 August 2019 and ending on Wednesday 14 August 2019 at 17:40 (CET).
  • The Offer has been settled on August 7 2019.
  • Saxo Bank declares Offer for BinckBank unconditional on July 31st 2019. 94.36% of the Shares are tendered under the Offer. Including 518,503 Shares already held by Saxo Bank, this represents a total of 95.14% of the Shares.
  • All regulatory approvals obtained – no conditions outstanding.
  • 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.