Van Der Moolen (NYSE:VDM)
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From Jul 2019 to Jul 2024
Van der Moolen Holding N.V. ("VDM") (NYSE:VDM) (Amsterdam:VDMN)
announced today that it has entered into an option agreement with the
minority partners of VDM Specialists ("VDMS") to acquire the 15.6%
minority interest in VDMS. For the next 2 years, Van der Moolen has the
right to purchase the 15.6% interest of the minority partners for an
amount of $8.3 million. In addition, the option agreement gives the New
York partners the right to sell their 15.6% minority interest in VDMS to
Van der Moolen at June 30, 2009 for an amount of $8.3 million.
The option agreement follows on the increase of the interest of Van der
Moolen in VDMS from 75% to 84.4% as a result of the reallocation of the
interest between minority partners and Van der Moolen during the second
quarter of 2007. No amount were paid related to this increase.
As a result of the option agreement, 100% of the results of VDMS are
included in the Van der Moolen results as of April 1, 2007.
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 2005. 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.