- 22 Maggio 2009
*dijsselbloem says sns would have gone bankrupt with no measure
peròSNS REAAL NV announces that its Executive Board members Messrs Ronald Latenstein, CEO, and Ference Lamp, CFRO, and Chairman of the Supervisory Board, Mr Rob Zwartendijk, resign from their respective positions. Reason for this decision is that they do not want to and cannot take responsibility for the nationalisation scenario.
In the past few years, Messrs Latenstein and Lamp, together with the organisation and supported by the Supervisory Board, have worked very hard to resolve the issue of the Group’s property finance division. In this process, they consciously worked towards a private solution, because they believe that, from the organisation’s social position, this is the appropriate route. They have done everything in their power to achieve this. They have thus shown their responsibility to safeguard the future of the concern and the interests of the stakeholders. However, the Ministry of Finance has made another choice. The persons in question do not advocate the chosen solution, but respect the choice of the Ministry of Finance. They decided to resign from their positions of their own accord without receiving severance pay and remain available for an orderly transfer.
SNS REAAL regrets the departure of the persons in question, but respects their choice. SNS REAAL is greatly indebted to them for their tireless efforts and expertise with which they served the organisation in recent years. Under their management, a strategic repositioning and social renewal of the organisation was effected. Moreover, they leave behind healthy core activities. Mr Latenstein was CEO and Chairman of the Executive Board of SNS REAAL since 2009. From 2003 to 2009, he was CFO of the organisation. Mr Lamp was CFRO and member of the Executive Board since 2009. Mr Zwartendijk was Chairman of the Supervisory Board of SNS REAAL NV since 2009.
Fate capire anche a me.: Bow:*dijsselbloem says private parties will pay as much as possible
*DIJSSELBLOEM SAYS PRIVATE PARTIES TO CONTRIBUTE EU1BLN R NA
*DIJSSELBLOEM SAYS COSTS FOR STATE OF INTERVENTION 3.7BLN
Quindi i SUB avranno un taglio, ma ci sono delle ipotesi sulla quantità di taglio?Santander:
*SNS REAAL TO BE NATIONALIZED BY DUTCH GOVERNMENT
*DUTCH GOVT TO EXPROPRIATE SNS SHRS, SUBORDINATED DEBT
*DUTCH GOVT SAYS SENIOR UNCOVERED DEBT NOT PART OF INTERVENTION
SNS to be nationalised by Dutch government, as the potential deal with private investors fell through. CEO and CFO resigned this morning. It seems like that shareholders and sub bondholders will face significant burden-sharing, but Snr bondholders will be protected. More to follow