In the last three months all eligible Depository Receipt Holders who owned DRs on 28 June 2023 have been invited for the settlement offer. At this moment 10.1 million Depository Receipts have been registered by signing the settlement agreement. The settlement offer covers approximately 14.2 million Depository Receipts in total. The current number of registered Depository Receipts exceeds the initially expected number of Depository Receipts to be registered, and an additional number of Depository Holders has initiated the registration process leading to the expectation that the number will further increase in the coming period.
Triodos Bank will take a provision for the first half of 2025. This is an addition to the provision of EUR 101 million before tax taken in 2024. Further details on this provision and its financial impact will be shared in the Half Year Report and Press Release on 14 August 2025.
Marcel Zuidam, CEO: “The high acceptance rate of the settlement offer is a very positive development. It allows us to strengthen the relationship with our Depository Receipts Holders and to remain focused on the execution of our mission.”
The online registration platform will close on 31 July 2025 for new registrations, until which date eligible Depository Receipt Holders can register their Depository Receipts. After this date the portal will remain open for an additional 2 months for those who have already started the process.
Disclaimer
The information in this document has been obtained or derived from sources believed by Triodos Bank N.V. to be reliable at the date of publication of this document. However, no representations are made as to its accuracy or completeness. The information may be subject to change, and Triodos Bank N.V. assumes no undertaking to revise or amend the information provided, or to provide any update in respect of any change related thereto. Triodos Bank N.V. accepts no liability for loss arising from the use of the information. The information is: (i) for discussion purposes only; (ii) not to be regarded as (investment) advice; and (iii) not to be relied upon in substitution for the exercise of independent and sound judgement.
This document does not constitute any commitment or any offer to commit to any transaction or financing by Triodos Bank N.V.
This document may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Some of these forward-looking statements are characterised by the use of words such as (but not limited to): 'expect', 'anticipate', 'estimate', 'may', 'should', 'would', 'believe', 'intend', 'plan', 'contemplate', 'aim', 'could', 'will', 'potential', 'think', 'seek', as well as similar expressions, the future tense and the conditional. The forward-looking statements included in this document with respect to the business, results of operation and financial condition of Triodos Bank N.V. are subject to a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including but not limited to the following: changes in economic and political conditions, actions taken and policies applied by governments and their agencies, changes in credit spreads or interest rates, the results of our strategy and investment policies and objectives. Triodos Bank N.V. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this document.