AMSTERDAM, Netherlands, July 13, 2016 (GLOBE NEWSWIRE) -- ING announced today that the conversion of ING Groep N.V. depositary
receipts for shares into ING Groep N.V. ordinary shares will take place on 26 July 2016. On that date investors will automatically
receive one share in exchange for each depositary receipt that they own, free of charge. ING announced its proposal to abolish the
depositary receipts structure on 10 March 2016. The conversion is the final step in abolishing the existing depositary receipt
structure, following the majority vote in favour of agenda item 5A at ING's annual General Meeting (AGM) on 25 April 2016. The
related changes to the Articles of Association - including the reduction of the nominal value of the shares from EUR 0.24 to EUR
0.01 - as adopted by the AGM will also be implemented on 26 July 2016.
The conversion of the depositary receipts will not lead to any interruption of trading in ING securities. The last day ING
depositary receipts will be traded is 21 July 2016. In accordance with the applicable settlement rules these transactions will be
settled on 25 July 2016. As of 22 July 2016, trading in ordinary shares will commence, with transactions settling on 26 July 2016.
On that date, the automatic conversion will be implemented. ING will retain its Euronext ticker symbol, "INGA", except for 21 July
when the ticker symbol for the depositary receipts will be INGAT for technical reasons. ING's ISIN code will change on 26 July 2016
to NL0011821202.
After the conversion, ING's American Depositary Receipts (ADRs), which are traded on the New York Stock Exchange, will
automatically link to the underlying shares. Holders of ADRs do not have to take any action, and the conversion of the depositary
receipts will not lead to any interruption of trading in the ADRs which will retain their existing security identifiers.
For those investors who already hold registered shares, there will be no change to their position.
Following the conversion of the depositary receipts into ordinary shares, the process to abolish ING's depositary receipt
structure will have been completed, thereby simplifying ING's corporate governance structure.
Note for editors
For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for
download at Flickr. Footage (B-roll) of ING is available via videobankonline.com, or can be requested by emailing info@videobankonline.com. ING presentations are available at SlideShare.
ING Profile
ING is a global financial institution with a strong European base, offering banking services through its operating company ING
Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's more than 52,000
employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed (in the form of depositary receipts) on the exchanges of Amsterdam (INGA NA, ING.AS), Brussels and
on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's corporate strategy, which is evidenced by ING Group shares being included in the
FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is among the leaders in the Banks
industry group.
Important legal information
Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the
meaning of Article 7(1) to (4) of EU Regulation No 596/2014.
Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made
of future expectations and other forward-looking statements that are based on management's current views and assumptions and
involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in
such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in
ING's core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a
potential (partial) break-up of the euro, (4) changes in the availability of, and costs associated with, sources of liquidity
such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and
counterparty creditworthiness, (5) changes affecting interest rate levels, (6) changes affecting currency exchange rates, (7)
changes in investor and customer behaviour, (8) changes in general competitive factors, (9) changes in laws and regulations,
(10) changes in the policies of governments and/or regulatory authorities, (11) conclusions with regard to purchase
accounting assumptions and methodologies, (12) changes in ownership that could affect the future availability to us of net
operating loss, net capital and built-in loss carry forwards, (13) changes in credit ratings, (14) ING's ability to achieve
projected operational synergies and (15) the other risks and uncertainties detailed in the most recent annual report of ING
Groep N.V. (including the Risk Factors contained therein) and ING's more recent disclosures, including press releases, which
are available on www.ING.com. Any forward-looking statements made by or on behalf of ING speak only as of the date
they are made, and, ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a
result of new information or for any other reason.
This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United
States or any other jurisdiction.
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