Van Der Moolen (NYSE:VDM)
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Van der Moolen Holding N.V. announced today that the company and its
Chief Financial Officer (CFO), Mr. Leo J. Pruis, have amicably agreed
upon his resignation as managing director and CFO. The Supervisory Board
and the Executive Board of Van der Moolen Holding N.V. would like to
thank Mr. Pruis for his contribution to the company.
In accordance with his contractual arrangements a severance payment will
be made to Mr. Pruis of Euro 329.000 gross, which amount is to be
increased with a severance amount relating to his deferred bonus over
the year 2005. Furthermore a pension contribution of Euro 45.000 gross
will be made.
Pending the definitive appointment of a new CFO, Mr. Jan W. van de Water
will be appointed as interim CFO of Van der Moolen Holding N.V. with
immediate effect.
For more information about Van der Moolen, please visit www.vandermoolen.com
or contact Investor Relations/Corporate Communications, telephone +31
(0)20 535 6789.
Van der Moolen trades on the leading US and European equity, option and
fixed income exchanges. The group trades in open outcry and electronic
markets in several time zones. On the NYSE, Van der Moolen currently has
a market share of nearly 11% of transaction volume for which it acts as
specialist. Van der Moolen's traders worldwide execute an average of
100,000 trades a day. Turnover and price volatility are the most
important factors influencing its results. Van der Moolen's shares are
listed on Euronext Amsterdam (VDMN.AS). American Depositary Receipts
(ADRs) representing Van der Moolen shares are listed on the NYSE (VDM).
Disclaimer:
This press release contains forward-looking statements within the
meaning of, and which have been made pursuant to, the Private Securities
Litigation Reform Act of 1995. All statements regarding our future
financial condition, results of operations and business strategy, plans
and objectives are forward-looking. Statements containing the words “anticipate,”
“believe,” “intend,”
“estimate,” “expect,”
“hope,” and words
of similar meaning are forward-looking. In particular, the following are
forward-looking in nature: statements with regard to strategy and
management objectives; pending or potential acquisitions; pending or
potential litigation and government investigations, including litigation
and investigations concerning specialist trading in the U.S.; future
revenue sources; the effects of changes or prospective changes in the
regulation or structure of the securities exchanges on which our
subsidiaries operate; and trends in results, performance, achievements
or conditions in the markets in which we operate. These forward-looking
statements involve risks, uncertainties and other factors, some of which
are beyond our control, which may cause our results, performance,
achievements or conditions in the markets in which we operate to differ,
possibly materially, from those expressed or implied in these
forward-looking statements. We describe certain important factors to
consider in connection with these forward-looking statements under “Key
Information – Risk Factors”
and elsewhere in our annual filing with the U.S. Securities and Exchange
Commission on Form 20-F. We caution you not to place undue reliance on
these forward-looking statements, which reflect our management’s
view only as of the date of this Report. We have no obligation to update
these forward-looking statements.
Van der Moolen Holding N.V. announced today that the company and
its Chief Financial Officer (CFO), Mr. Leo J. Pruis, have amicably
agreed upon his resignation as managing director and CFO. The
Supervisory Board and the Executive Board of Van der Moolen Holding
N.V. would like to thank Mr. Pruis for his contribution to the
company.
In accordance with his contractual arrangements a severance
payment will be made to Mr. Pruis of Euro 329.000 gross, which amount
is to be increased with a severance amount relating to his deferred
bonus over the year 2005. Furthermore a pension contribution of Euro
45.000 gross will be made.
Pending the definitive appointment of a new CFO, Mr. Jan W. van de
Water will be appointed as interim CFO of Van der Moolen Holding N.V.
with immediate effect.
For more information about Van der Moolen, please visit
www.vandermoolen.com or contact Investor Relations/Corporate
Communications, telephone +31 (0)20 535 6789.
Van der Moolen trades on the leading US and European equity,
option and fixed income exchanges. The group trades in open outcry and
electronic markets in several time zones. On the NYSE, Van der Moolen
currently has a market share of nearly 11% of transaction volume for
which it acts as specialist. Van der Moolen's traders worldwide
execute an average of 100,000 trades a day. Turnover and price
volatility are the most important factors influencing its results. Van
der Moolen's shares are listed on Euronext Amsterdam (VDMN.AS).
American Depositary Receipts (ADRs) representing Van der Moolen shares
are listed on the NYSE (VDM).
Disclaimer:
This press release contains forward-looking statements within the
meaning of, and which have been made pursuant to, the Private
Securities Litigation Reform Act of 1995. All statements regarding our
future financial condition, results of operations and business
strategy, plans and objectives are forward-looking. Statements
containing the words "anticipate," "believe," "intend," "estimate,"
"expect," "hope," and words of similar meaning are forward-looking. In
particular, the following are forward-looking in nature: statements
with regard to strategy and management objectives; pending or
potential acquisitions; pending or potential litigation and government
investigations, including litigation and investigations concerning
specialist trading in the U.S.; future revenue sources; the effects of
changes or prospective changes in the regulation or structure of the
securities exchanges on which our subsidiaries operate; and trends in
results, performance, achievements or conditions in the markets in
which we operate. These forward-looking statements involve risks,
uncertainties and other factors, some of which are beyond our control,
which may cause our results, performance, achievements or conditions
in the markets in which we operate to differ, possibly materially,
from those expressed or implied in these forward-looking statements.
We describe certain important factors to consider in connection with
these forward-looking statements under "Key Information - Risk
Factors" and elsewhere in our annual filing with the U.S. Securities
and Exchange Commission on Form 20-F. We caution you not to place
undue reliance on these forward-looking statements, which reflect our
management's view only as of the date of this Report. We have no
obligation to update these forward-looking statements.