Distribution ratio for the distribution in the form of Rabobank Certificates set at 19.81
The Executive Board of Rabobank has determined the distribution ratio for the exceptional distribution of the approximate equivalent of EUR 1.625 per Rabobank Certificate. The distribution ratio is one new Rabobank Certificate for every 19.81 Rabobank Certificates a holder holds.
The distribution ratio is based on the volume-weighted average prices of all traded Rabobank Certificates at Euronext Amsterdam on 1, 2, and 3 December 2020 (VWAP), of EUR 33.81. The VWAP has been adjusted by reducing it by EUR 1.625, resulting in a reference price of EUR 32.18. Subsequently dividing the reference price by EUR 1.625 has resulted in the distribution ratio of 19.81.
The new Rabobank Certificates will be issued and delivered to the clearing systems on 8 December 2020. Delivery of the new Rabobank Certificates and cash fractions (if applicable) to holders will take place as of 9 December 2020.
Note: certain numbers are rounded. In the actual calculation, only the cash fraction will be rounded to the nearest cent.