trending Market Intelligence /marketintelligence/en/news-insights/trending/kHR_n6ZiyCmuygklpoNdqA2 content esgSubNav
In This List

ING to fully abolish depositary receipt structure July 26

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


ING to fully abolish depositary receipt structure July 26

ING GroepNV said the conversion of its depositary receipts for shares intothe company's ordinary shares will take place July 26, when investors willreceive one share in exchange for each depositary receipt that they own.

This marks the final step in the group's existingdepositary receipt structure.

The related changes to ING's articles of association,including the reduction of the nominal value of its shares to 1 cent each from24 cents, will also be implemented the same day. The last day of trading in thedepositary receipts will be July 21.

After conversion, ING's American depositary receipts willautomatically link to the underlying shares.