ING declares tender offer for preference shares A unconditional
ING declares tender offer for preference shares A unconditional
ING declares tender offer for preference shares A unconditional
THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, ITALY OR THE UNITED STATES
Amsterdam, 27 June 2008
With reference to the tender offer of 5 March 2008, ING announced today that 5,296,015 (depositary receipts of) preference shares A of ING Groep N.V., with a nominal value of EUR 1.20 each, have been tendered. ING has accepted all of these tendered shares and depositary receipts. Delivery of and payment for the tendered (depositary receipts of) preference shares A will take place on 2 July 2008 in accordance with the terms of the tender offer.
The tender period ended on 26 June 2008 and the preference A shares which (or for which the depositary receipts) were tendered, will be cancelled in accordance with the resolution of ING’s general meeting of shareholders held on 22 April 2008.
As announced on 5 March 2008, the preference shares A and the preference shares A for which the depositary receipts were not tendered will be redeemed and cancelled. The holders of these shares will receive EUR 3.40 plus EUR 0.1068 of accrued gross dividend for each such cancelled share. The amount of the accrued dividend is calculated as from 1 January 2008 and is based on the expectation that cancellation and payment of any shares not tendered takes place on 4 September 2008.
Press enquiries
Media Relations
ING Group
+31 20 576 5000
media.relations@ing.com
ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 130,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.
Disclaimer
This announcement may not be distributed or sent into any jurisdiction where it would be unlawful. The distribution of this communication may be restricted by law in certain other jurisdictions. Accordingly, persons in whose possession it comes are required to inform themselves of and observe any such restrictions. This is not an offer to sell or buy (or the solicitation of an offer to buy or sell) any securities in any jurisdiction, including the United States of America