Rabobank announces its intention to make a quarterly distribution of EUR 0.13674 per Rabobank Certificate in the first three quarters of 2021
Rabobank announces its intention to make a quarterly distribution of EUR 0.13674 per Rabobank Certificate on March 29, June 29 and September 29, 2021 respectively. This intention is the outcome of discussions with the European Central Bank (ECB) and is still subject to the full discretion of the Executive Board of Rabobank.
On December 15, 2020 the ECB issued a recommendation to banks to refrain from or limit dividends until at least September 30, 2021. Rabobank announced on December 21, 2020 that it will adhere to the recommendation, and that it will discuss the prudence of any distributions on Rabobank Certificates prior to September 30, 2021 with the ECB.
Rabobank has the intention to revert to the intended distribution as described in its payment policy in case the ECB withdraws any recommended limitations on dividend distribution. At that time Rabobank will - at its full discretion – decide on any future distributions thereby considering whether it is prudent to make a distribution, and if so, the level of such distribution.
Euronext Amsterdam may change the trading mode for Rabobank Certificates after this and any future announcements of Rabobank. Further information about the Rabobank Certificates and the trading mode as applied by Euronext is available on www.rabobank.com/certificates.