At the meeting held on 7 March 2006, the Board of Stichting Administratiekantoor van Gewone Aandelen A Van Lanschot provided the holders of Van Lanschot depositary receipts for Ordinary Shares A with details of the proposal to remove the protective function of issuing depositary receipts for shares. The administration conditions will be amended in order that the holders of depositary receipts will be granted voting powers at all times. It was also announced that the Board had decided to bring the object of the Stichting, as set out in its articles of association, fully into line with the Dutch Corporate Governance Code (Tabaksblat Code). As a result, the governance of the Stichting will not deviate from any of the provisions of the Code. The holders of depositary receipts expressed their support for the Board's proposals.
The administration conditions and articles of association of the Stichting will be amended after the Annual General Meeting of Shareholders of Van Lanschot NV on 10 May 2006 decides to amend the articles of association of Van Lanschot NV to effect the change to the corporate governance of Van Lanschot.
The press release can be downloaded from the following link:
