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BinckBank NV (BINCK.AS)

BINCK.AS on Amsterdam Stock Exchange

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3:43pm GMT
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Latest Key Developments (Source: Significant Developments)

Binckbank And Saxo Bank Agree On All-Cash Public Offer For All Binckbank Shares
Monday, 17 Dec 2018 

Dec 17 (Reuters) - BINCKBANK NV ::BINCKBANK AND SAXO BANK AGREE ON RECOMMENDED ALL-CASH PUBLIC OFFER FOR ALL BINCKBANK SHARES.OFFER PRICE REPRESENTS A PREMIUM OF 35% OVER CLOSING PRICE OF 14 DECEMBER 2018.TRANSACTION UNANIMOUSLY SUPPORTED AND RECOMMENDED BY BINCKBANK'S EXECUTIVE BOARD AND SUPERVISORY BOARD.ANTICIPATED THAT OFFER WILL CLOSE IN Q3 2019.PARTIES HAVE AGREED TO CERTAIN NON-FINANCIAL COVENANTS FOR BINCKBANK STAKEHOLDERS FOR A PERIOD OF THREE YEARS.DRAFT OFFER MEMORANDUM WILL BE SUBMITTED TO AFM NO LATER THAN END OF Q1 2019.IT IS ANTICIPATED THAT OFFER WILL CLOSE IN Q3 2019.TRANSACTION TO BE FUNDED VIA A COMBINATION OF EQUITY INJECTIONS BY ITS SHAREHOLDERS AND CASH AT HAND.AGREEMENT ON RECOMMENDED ALL-CASH PUBLIC OFFER OF EUR 6.35 (CUM DIVIDEND) PER ISSUED AND OUTSTANDING ORDINARY SHARE AND PRIORITY SHARE OF BINCKBANK REPRESENTING EUR 424 MILLION.IF THE MERGER PROTOCOL IS TERMINATED BECAUSE OF A SUPERIOR OFFER HAVING BEEN MADE, BINCKBANK WILL FORFEIT A EUR 4.3 MILLION TERMINATION FEE TO SAXO BANK.IF SAXO BANK ACQUIRES AT LEAST 95% OF SHARES, IT IS INTENDED THAT BINCKBANK’S LISTINGS ON EURONEXT AMSTERDAM WILL BE TERMINATED AS SOON AS POSSIBLE.IF SAXO BANK ACQUIRES AT LEAST 95% OF SHARES OF BINCKBANK, SAXO BANK WILL COMMENCE STATUTORY SQUEEZE-OUT PROCEEDINGS.THERE SHALL BE NO SALE OR CLOSE DOWN OF THE MAJORITY OF THE ASSETS OF THE BINCKBANK GROUP.BINCKBANK BRAND WILL BE MAINTAINED FOR THE NETHERLANDS AND BELGIUM.  Full Article

BinckBank Confirms Advanced Discussions With Saxo Bank On Potential Combination Of Businesses
Friday, 14 Dec 2018 

Dec 14 (Reuters) - BinckBank NV ::REG-BINCKBANK RESPONDS TO RECENT PRESS COVERAGE.BINCKBANK - CONFIRMS THAT IT IS IN ADVANCED DISCUSSIONS WITH SAXO BANK REGARDING A POTENTIAL COMBINATION OF BUSINESSES OF BINCKBANK AND SAXO BANK.DISCUSSIONS BETWEEN PARTIES ARE ONGOING.BINCKBANK -OFFER BY SAXO FOR ENTIRE ISSUED,OUTSTANDING SHARE CAPITAL OF CO AT OFFER PRICE OF EUR 6.35/SHARE WITH CONSIDERATION TO BE PAID IN CASH.  Full Article

Binckbank Q3 Net Interest Income Rises To 8.0 Million Euros
Monday, 22 Oct 2018 

Oct 22 (Reuters) - BINCKBANK NV ::REG-BINCKBANK N.V. TRADING UPDATE THIRD QUARTER 2018: "RESULT IN LINE WITH EXPECTATIONS".REG-BINCKBANK N.V. TRADING UPDATE THIRD QUARTER 2018: "RESULT IN LINE WITH EXPECTATIONS".Q3 NET EARNINGS PER SHARE 18YTD € 0.41 (17YTD: € 0.06) AND 18Q3 € 0.08.NUMBER OF TRANSACTIONS 18YTD 29% HIGHER THAN 17YTD.NET RESULT FOR THE PERIOD ENDING 18YTD AMOUNTED TO € 27.6 MILLION (17YTD: € 4.3 MILLION),.END-Q3 CAPITAL RATIO OF 32.2 PERCENT 31.9 PERCENT IN Q2.TOTAL INCOME FROM OPERATING ACTIVITIES IN THE FIRST 9 MONTHS OF 2018 AMOUNTED TO € 108.6 MILLION, 2% LOWER THAN IN THE SAME PERIOD LAST YEAR.OPERATING EXPENSES FOR 18YTD AMOUNTED TO €83.0 MILLION WHICH IS 21% LOWER COMPARED TO SAME PERIOD IN 2017.CONFIDENT THAT STRATEGIC TRANSFORMATION WILL LEAD TO VALUE CREATION IN DUE COURSE..Q3 NET INTEREST INCOME EUR 8.0 MILLION VERSUS EUR 7.6 MILLION YEAR AGO.  Full Article

Binckbank H1 Net Profit Up At 22.2 Million Euros
Monday, 23 Jul 2018 

July 23 (Reuters) - BINCKBANK NV ::REG-BINCKBANK ACHIEVES NET PROFIT OF € 22.2 MILLION FOR 18H1 (17H1: € 2.1 MILLION).NET EARNINGS PER SHARE 18H1 EUR 0.33 (17H1: EUR 0.03).ASSETS UNDER ADMINISTRATION REACH ALL TIME HIGH IN 18H1 AT EUR 26.8 BILLION.SALE OF THINK ETF ASSET MANAGEMENT CONTRIBUTES EUR 8.1 MILLION TO NET RESULT.RECORD NUMBER OF TRANSACTIONS IN ITALY (382.000 FOR H1).OPERATING EXPENSES DOWN BY 19% COMPARED TO 17H1.H1 OPERATING EXPENSES DOWN BY 19% COMPARED TO 17H1.H1 TOTAL INCOME FROM OPERATING ACTIVITIES EUR 75.9 MILLION VERSUS EUR 75.3 MILLION YEAR AGO.ASSETS UNDER ADMINISTRATION REACH ALL TIME HIGH IN 18H1 AT € 26.8 BILLION.H1 PROPOSED INTERIM-DIVIDEND 18H1 € 0.13 PER SHARE (17H1: € 0.03).H1 NET INTEREST INCOME EUR 16.0 MILLION VERSUS EUR 14.9 MILLION YEAR AGO.DOES NOT GIVE ANY SPECIFIC OUTLOOK.  Full Article

Flow Traders and Binckbank Complete Sale Of Think ETF Asset Management
Friday, 29 Jun 2018 

June 29 (Reuters) - FLOW TRADERS NV ::REG-FLOW TRADERS NV: BINCKBANK AND FLOW TRADERS COMPLETE SALE OF THINK ETF ASSET MANAGEMENT B.V..FINANCIAL DETAILS OF THE TRANSACTION WILL NOT BE DISCLOSED AT THIS STAGE.VAN ECK HAS RECEIVED ALMOST FULL OWNERSHIP OF THINK ETF ASSET MANAGEMENT B.V., ONLY MANAGEMENT OF THINK ETF ASSET MANAGEMENT B.V. WILL RETAIN A SMALL STAKE.FOLLOWING THIS SALE, BINCKBANK CEO VINCENT GERMYNS AND FLOW TRADERS CO-CEO DENNIS DIJKSTRA WILL STEP DOWN FROM THINK ETF'S' SUPERVISORY BOARD.  Full Article

Binckbank Q1 Net Result Up at 8.5 Million Euros
Monday, 23 Apr 2018 

April 23 (Reuters) - BINCKBANK NV ::NET EARNINGS PER SHARE 18Q1: EUR 0.13 (17Q4: EUR 0.07; 17Q1: EUR 0.02).COST/INCOME RATIO FOR 18Q1: 71%.Q1 TOTAL INCOME FROM OPERATING ACTIVITIES EUR 39.6 MILLION VERSUS EUR 39.9 MILLION YEAR AGO.THE RESULT AFTER TAXES FOR 18Q1 AMOUNTED TO € 8.5 MILLION (17Q1: € 1.3 MILLION),.Q1 NET RESULT EUR 8.5 MILLION VERSUS EUR 1.3 MILLION YEAR AGO.TOTAL INITIAL RECOGNITION OF IFRS 9 RESULTS IN A REDUCTION IN EQUITY OF € 1.9 MILLION.  Full Article

Binckbank Q4 Total Income From Operating Activities Down At 38.7 Million Euros
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Binckbank Nv ::Q4 TOTAL INCOME FROM OPERATING ACTIVITIES EUR 38.7 MILLION VERSUS EUR 40.5 MILLION YEAR AGO.OUTFLOW AT ALEX ASSET MANAGEMENT IS CONTINUING SLIGHTLY LONGER THAN EXPECTED, CAUSING BINCKBANK TO INCUR A DELAY IN GROWTH IN ‘ASSETS UNDER MANAGEMENT’.Q4 NET INTEREST INCOME EUR 7.6‍​ MILLION VERSUS EUR 7.2 MILLION YEAR AGO.END-Q4 CAPITAL RATIO 30.8 PERCENT VERSUS 31.9 PERCENT YEAR AGO.A TOTAL DIVIDEND OF € 0.26 FOR THE 2017 FINANCIAL YEAR TO BE PROPOSED TO SHAREHOLDERS.Q4 NET RESULT EUR 4.3 MILLION VERSUS EUR 1.0 MILLION YEAR AGO‍​.2018 TARGETS REGARDING ASSETS UNDER ADMINISTRATION AT END OF 2017 WERE ACHIEVED, OTHER TARGETS NOT EXPECTED TO BE MET.EXPECT NEW PRODUCTS AND SERVICES TO SHOW POSITIVE CONTRIBUTION TO RESULTS.NEGATIVE INTEREST RATES ON MONEY AND CAPITAL MARKETS CONTINUE TO WEIGH ON NET INTEREST INCOME AND MARKET VOLUMES.2017 IS LAST YEAR FOR CO TO CHARGE AMORTISATION EXPENSES FROM 'ALEX VERMOGENSBANK' ACQUISITION.CONTINUED INCREASE IN REGULATORY BURDEN HAS UPWARD EFFECT ON COSTS.CANNOT GIVE SPECIFIC OUTLOOK, RESULTS DEPEND ON UNPREDICTABLE INTEREST RATES AND STOCK EXCHANGE DIRECTION‍​.  Full Article

Binckbank And Flow Traders Announce Sale Of Think Etf Asset Management B.V.
Friday, 19 Jan 2018 

Jan 19 (Reuters) - FLOW TRADERS NV ::REG-BINCKBANK AND FLOW TRADERS ANNOUNCE SALE OF THINK ETF ASSET MANAGEMENT B.V..SALE OF STAKES IN THINK ETF ASSET MANAGEMENT B.V. TO VAN ECK ASSOCIATES CORPORATION.‍TRANSACTION IS EXPECTED TO BE CLOSED BY 1Q 2018..  Full Article

Binckbank sells software company Able to Topicus​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - BINCKBANK NV ::‍BINCKBANK SELLS SOFTWARE COMPANY ABLE TO TOPICUS​.PROCEEDS OF SALE WILL HAVE POSITIVE CONTRIBUTION OF ABOUT €0.03 TO EARNINGS PER SHARE OVER Q4.EXACT FINANCIAL DETAILS OF ACQUISITION ARE NOT DISCLOSED.  Full Article

BinckBank Q3 net interest income amounts to ‍​7.6 million euros
Monday, 23 Oct 2017 

Oct 23 (Reuters) - BINCKBANK NV ::Q3 TOTAL INCOME FROM OPERATING ACTIVITIES EUR ‍​35.0 MILLION VERSUS EUR 35.4 MILLION IN Q2.‍ADJUSTED NET EARNINGS PER SHARE FOR 17YTD EUR 0.36 (16YTD EUR 0.34) AND FOR 17Q3 EUR 0.13​.‍NET INTEREST INCOME INCREASED IN 2017 DUE TO INVESTMENT IN MORTGAGE RIGHTS​.END-Q3 CAPITAL RATIO OF ‍​30.7 PERCENT VERSUS 33.2 PERCENT YEAR AGO.Q3 NET INTEREST INCOME EUR ‍​7.6 MILLION.Q3 ADJUSTED NET RESULT ATTRIBUTABLE TO SHAREHOLDERS EUR ‍​ 9.0 MILLION.END-Q3 CAPITAL RATIO OF ‍​30.7 PERCENT.  Full Article

Deals of the day-Mergers and acquisitions

Dec 17 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: