ABN AMRO announces decisions of Annual General Meeting

Press release -

ABN AMRO Group N.V. (ABN AMRO) held its Annual General Meeting (the General Meeting) today. At the General Meeting 86.83% of the total issued capital and an equal amount of voting rights was represented.

The General Meeting adopted ABN AMRO’s audited annual financial statements for 2017. In addition, the General Meeting approved the proposed final cash dividend of EUR 752 million or EUR 0.80 per share over the financial year 2017. The dividend payment date is 25 June 2018. It also discharged each member of the Executive Board and the Supervisory Board in office during the financial year for the performance of his or her duties during 2017. 

The General Meeting approved the re-appointment of Steven ten Have as Supervisory Board member for a period of two years ending at the close of the general meeting in 2020.

The General Meeting authorised the Executive Board for a period of 18 months to issue shares or grant rights to subscribe for shares up to a maximum of 10% of ABN AMRO’s issued share capital. The General Meeting also agreed to authorise the Executive Board to restrict or exclude pre-emptive rights in connection with the issuance of such shares.

Additionally, the General Meeting authorised the Executive Board for a period of 18 months to acquire (depositary receipts for) shares in ABN AMRO’s own share capital up to a maximum of 10% of its issued share capital. Moreover, the General Meeting resolved to cancel all or part of the shares in ABN AMRO’s own share capital held by ABN AMRO as a result of such acquisitions. Both the acquisition and cancellation of (depositary receipts for) shares are subject to the necessary regulatory and other approvals.

Finally, to enable the cancellation of shares, the General Meeting resolved to partially amend the articles of association to decrease the authorised share capital of ABN AMRO.

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