The reason for this temporary closure is that the methodology which is the basis for the calculation of the price of depository receipts will change. As soon as this change has been implemented in the prospectus for the depository receipts and the price has been recalculated, the depository receipts can be bought and sold again.

Adjustment of the methodology for price calculation

The price of the depository receipts for Triodos Bank shares is based on the intrinsic value as stated in Triodos Bank’s financial accounts. These financial accounts are prepared on the basis of Dutch generally accepted accounting principles (Dutch GAAP).
Due to Triodos Bank’s increasing growth and internationalisation and in line with developments in the banking sector, Triodos Bank expects to adopt the International Financial Reporting Standards (IFRS) with effect from 1 January 2020.
As from the date on which Triodos Bank’s amended prospectus takes effect, the price of the depository receipts as calculated under Dutch GAAP will be adjusted in line with the estimated effect of the switch to IFRS.

Resumption of trading

We will inform customers of Triodos Bank who are depository receipt holder as soon as the new price is available and the new prospectus has been approved by the regulator, via the website, in internet banking and through individual communication. Trading will resume at that moment. We expect that trading will resume within a few weeks.