13 October 2020 - Gating amount changes
On 13 October 2020, Triodos Bank resumed trade of its Depository Receipts. Since then Depository Receipt holders have been able to buy and sell Depository Receipts.
The pattern of sales and purchases that is emerging demonstrates that there is both an appetite to sell as well as to buy new DRs. The level of sell orders is not yet fully compensated by the level of buy orders. The second wave of COVID-19 infections, more severe and sooner than expected, is understandably an important factor for many DR-holders when considering whether to buy or to sell.
To facilitate transactions in a controlled way, the total value of Depository Receipts that may be offered for sale by any Depository Receipt holder can be restricted. In order to create more time for new purchases to materialise and to restore a balanced trading pattern, Triodos Bank has decided to restrict the maximum value of the weekly amount that may be sold per investment account. From Tuesday 27 October 2020, 9.00 hrs CET, the maximum value of the amount of Depository Receipts which can be sold per investment account per week is set at EUR 1,000.
We will monitor the sales and demand patterns carefully and may change this amount again in future. There is no restriction on buy orders.
6 October 2020 - Information to Depository Receipt holders regarding new prospectus and re-opening of trade
Triodos Bank has published a new prospectus and will reopen trade in its Depository Receipts of ordinary shares on Tuesday 13 October 2020, at 9.00 hrs CEST. Please see our press release for more information.
28 September 2020 - Update on trading facilities for Depository Receipts
On 21 August 2020 Triodos Bank published its Half Year Results 2020. In addition to this important information for investors, a new prospectus is required to resume trading in depository receipts. This prospectus has been formally adopted by the AFM on 24 September 2020.
During the approval process for the new prospectus, a number of improvements to the distribution process were identified. These changes are being addressed currently and Triodos Bank is making the final preparations. Depository Receipt holders will be personally informed in the coming weeks about the date of reopening via a letter or e-mail.
24 August 2020 - Half Year Results 2020 Webcast
On 24 August 2020 Depository Receipt holders were invited to attend a webcast where Triodos Bank CEO Peter Blom and CFO André Haag presented the Half Year Results 2020 and answered questions from Depository Receipt holders. You can watch the recording of this event here.
8 July 2020 - Triodos Bank's response to questions from the Dutch association of shareholders
On 24 June, the Dutch association of stockholders (Vereniging van Effectenbezitters, VEB) asked Triodos Bank questions about the suspension of trading in Depositary Receipts. Triodos Bank responded to this in writing on 8 July.
18 June 2020 - Depository Receipts update
We have recently shared an update on the reopening of trade in depository receipts with existing Depository Receipts Holders.
The full text of this update can be found here.
1 April 2020 - No dividend payment in 2020
Triodos Bank N.V. has decided not to distribute the 2019 dividend on its Depository Receipts. The decision to revise its dividend proposal of 18 March 2020 has been taken in a direct response to the recommendation made by the European Central Bank and De Nederlandsche Bank (DNB) on 27 March to all banks, not to pay out dividend in order to prioritise supporting the real economy by lending to customers during the COVID-19 pandemic. Therefore, no proposals to pay out dividend will be made at the upcoming Annual General Meeting of Triodos Bank N.V. Please see our press release for more information.
18 March 2020 - Temporary closure of trading of Triodos Bank Depository Receipts
Triodos Bank has temporarily suspended the possibility to buy and sell Triodos Bank depository receipts due to the uncertainty the COVID-19 Pandemic has created in the economy. We intend to resume trading once the impact of this pandemic has become clearer. Please see our press release for more information.
Financial calendar
The financial calendar for 2021 is as follows:
Triodos Bank's latest press releases can be found here.
More information on the past and future AGMs can be found here.
The latest online Annual Report can be found here.
Post trade information depository receipts 2020
In 2020 the trading in depository receipts has been executed as follows. Trading was done each week, with the exception of the period 18 March 2020 – 13 October 2020. In this period there was a temporary closure for buy and sell orders of Depository Receipts, due to the uncertainty the COVID-19 Pandemic has created in the economy. All transaction orders that were submitted in 2020 have been executed, at the predetermined price.
In total we processed buy orders representing a total of EUR 45 million. At the same time, we processed sell orders representing a total of EUR 60 million.
The prices against which the orders were executed were identical to the price quoted on the Triodos website on the date the transaction orders were submitted:
