20 June 2023
Order Book for trade of Depository Receipts on MTF expected to open on 28 June 2023
In view of the anticipated listing of the Depository Receipts of Triodos Bank on Captin’s MTF, we believe it is in the interest of all existing and potential new investors to ensure that they can base their investment decisions on the most up-to-date information.
14 June 2023
Video on demand Recording of Info-webinar for Depository Receipts Holders 6 June 2023
On 6 June, almost 2000 Depository Receipts Holders of Triodos Bank (DR Holders) attended the info-webinars for DR Holders. The recording of the webinar, originally conducted in Dutch with simultaneous translations into English, French, German and Spanish, is available via www.triodos.com/drhwebinars.
1 June 2023
Update MTF - Annual General Meeting 26 May 2023
In this update Triodos Bank informs Depository Receipt holders about the update on the process towards MTF-listing that was provided during the AGM of 26 May as well as about supporting information materials recently published. Among those the tutorial video on trading is highlighted.
25 May 2023
Retail Brochure: now available
On 25 May 2023, Triodos Bank published a Retail Brochure for Retail Investors. Please see below links to download the Retail Brochure. This Retail Brochure should be read as an introduction to the Information Memorandum. Throughout this Retail Brochure, the Information Memorandum should be regarded as leading, both in content and as a complete overview of relevant information and risks.
22 May 2023
Online information meeting for Depository Receipt holders on 6 June 2023
Depository Receipt holders (DR holders) are invited to attend the online information meeting (webinar) on Tuesday 6 June 2023.
DR holders will be provided with an update for the expected listing of the Depository Receipts on the Multilateral Trading Facility (MTF) platform and what this means for both DR holders and the bank. The bank's Executive Board members Jeroen Rijpkema and Jacco Minnaar will also address where Triodos Bank stands based on what is communicated earlier with the publication of the annual results, the information published in the Information Memorandum (3 April 2023) and the information we will share with you during the coming Annual General Meeting of 26 May.
24 March 2023
FAQ regarding Captin for UK DR Holders
We have added some further answers to your recently asked questions. A full FAQ document can be downloaded here.
23 March 2023
Meeting Depository Receipt holders of SAAT votes for ‘one share one vote’
During the Meeting of the Foundation for the Administration of Triodos Bank Shares (SAAT) on 23 March 2023, the new voting policy of SAAT was up for vote.
The depository receipt holders have chosen for the so called ‘one share one vote’ policy. This means that as a principle, SAAT will not vote during the general meetings of Triodos Bank N.V., except when depository receipt holders actively request SAAT to exercise their voting rights on their behalf.
During the EGM on the same day an update on the MTF process was provided and the intended amendments of the Articles of Association of Triodos Bank to make them more suitable for a listed environment, were discussed.
Read the press release here.
13 March 2023
Online information meetings for Depository Receipt holders available to watch again
On 8 and 9 March, almost 2,000 Depository Receipts Holders of Triodos Bank (DR Holders) attended one or more of the 4 four info-webinars for DR Holders. The recording of the evening session of Wednesday 8 March is now available to watch (again) in ENG-NL-GE-ES-FR.
View the recording (you will need to register first)
Other useful links:
1 March 2023
Updated overview of steps towards listing on MTF
We've updated the infographic illustrating the overview of steps towards MTF listing to better reflect the phased approach used by Triodos Bank and Captin while moving forward.
The view on the more detailed preparatory and decision-making process has been updated with the more concrete dates and timelines as currently foreseen.
23 February 2023
Online information meetings for Depository Receipt holders on 8 & 9 March 2023
Depository Receipt holders are invited to attend one of the online information meetings (webinars) on Wednesday 8 or Thursday 9 March 2023. They will be provided with an update on the preparations for the listing on the Multilateral Trading Facility (MTF) platform, including insights in the trading practices on the MTF as well as on the proposed options regarding SAAT’s voting policy. In a letter to DR holders, the Chair of SAAT gives additional explanation on the proposed options to the voting policy.
23 January 2023
Information about Triodos Bank depository receipts and the role of Captin
Triodos Bank UK has begun contacting DR Holders about progress in the process towards resuming trading of Triodos Bank depository receipts and providing details about how to log in on the DR holder register managed by Captin, on behalf of Triodos Bank. For further background, an FAQ document can be downloaded here.
21 December 2022
Announcement of the estimated economic value of certificates as of 1 January 2023
As Triodos Bank is a Dutch financial institution, part of its legal reporting requirements is to periodically submit data of fiscal relevance to the Dutch Tax and Customs Administration.
Due to this legal reporting requirement, the economic value, or ‘fair value’, of Triodos Bank depository receipts must be determined as per 1 January 2023. As there is currently no trading in the depository receipts, the economic value can only be estimated. Today we issued a press release announcing the estimated economic value of certificates as of 1 January 2023. Read the press release.
12 December 2022
Update to overview of steps
We have done a minor update to the infographic to better reflect the phased approach used by Triodos Bank and Captin to invite depository receipt holders to log-in and go through the onboarding process on the MTF platform. You can also view here the more detailed preparatory and decision-making process toward listing, as currently foreseen.
9 December 2022
From December 2022, we will invite depository receipt holders to access the register of depository receipt holders managed by Captin, on behalf of Triodos Bank. We will do this in a phased approach per country, starting with The Netherlands.
30 November 2022
Follow-up steps towards listing on MTF
Trading in Triodos Bank depository receipts will take place in a different way in the future. During the EGM on October 11th 2022, it was indicated that depository receipt holders would be informed in more detail about the follow-up steps and decision-making moments that will take place towards listing on the MTF. As announced earlier, Captin will be our partner to facilitate the trading platform. Please click here for the illustrated overview of steps towards listing. Or view the more detailed preparatory and decision-making process toward listing, as currently foreseen. The listing of the depository receipts on the MTF and the opening of trading accounts between depository receipt holders and Captin will, in due course, make trading in depository receipts possible again. This will allow us to continue to work together for positive societal impact. Which in today's world, seems more necessary than ever.
14 October 2022
E-mail to DR holders about the upcoming changes around your Triodos depository receipts
Triodos Bank has sent an e-mail with an update on the preparations for listing depository receipts on a MTF to all DR holders. This e-mail contains the upcoming changes with important steps in the coming month. It also includes an animation video with a brief explanation of the transition to the MTF. View the animation.
10 October 2022
SAAT approves listing on MTF in principle
Triodos Bank N.V. announced that its Extraordinary General Meeting (EGM) and SAAT meeting have adopted all proposals on their respective agendas. You can view an animation about the new MFT here.
18 August 2022
Half Year Results 2022
Triodos Bank presented the half year results 2022. Please see our press release for more information. Further, Triodos Bank's CEO, Jeroen Rijpkema has provided additional context for Triodos DR holders in his email distributed to DR holders. Reference is made to the following document in the above-mentioned email: Overview of communication regarding Triodos DRs.
1 August 2022
Triodos Bank proposes an extraordinary dividend and withdraws restricted buyback programme
Triodos Bank proposed an extraordinary dividend payment of EUR 1.01 (before withholding tax, if applicable) per Depository Receipt (DR), to the amount of EUR 14.4 million. This amount equals the capital reserved for the buyback programme and solidarity arrangement and will thus be paid back to DR holders. The dividend is subject to approval by the shareholder at the Extraordinary General Meeting to be scheduled in October 2022.
A restricted buyback programme including a solidarity arrangement was announced in February 2022. Due to unforeseen complexities in the implementation of the programme at the same pace across the five countries where Triodos Bank is active, Triodos Bank has concluded that the restricted buyback programme and the solidarity arrangement can no longer be executed in a timely manner.
22 July 2022
Triodos Bank's response to further questions from the Dutch association of shareholders
On 4 May 2022, the Dutch association of shareholders (European Investor-VEB) again asked Triodos Bank questions about the Depository Receipts. Triodos Bank responded to this letter in writing on 27 June 2022. On 6 July 2022, the Chairs of the Executive Board and Supervisory Board of Triodos Bank met with the directors of the VEB to discuss both letters. Both parties agreed to publish these letters simultaneously.
20 May 2022
Annual General Meeting
Triodos Bank’s Annual General Meeting (AGM) and the Annual Meeting of Depository Receipt holders (DRHM) of the Foundation for the Administration of Triodos Bank Shares (Stichting Administratiekantoor Aandelen Triodos Bank) took place on Friday 20 May 2022 at the Beatrix Theater, Utrecht.
29 March 2022
Extraordinary General Meeting
The proposed restricted buyback scheme was confirmed, subject to regulatory approval.
15 February 2022
Triodos Bank presents details of restricted buyback programme, including a Solidarity Arrangement
A restricted buyback programme of DRs of EUR 14.4 million, equivalent to the remaining room to purchase DRs (‘Market Making Buffer’) was presented, subject to EGM approval. EUR 3 million was reserved for the Solidarity Arrangement.
21 December 2021
Triodos Bank announces decision to pursue listing on a Multilateral Trading Facility (MTF)
Triodos Bank announced that it would take all necessary steps to prepare for a listing on a Multilateral Trading Facility (‘MTF’), including obtaining all relevant approvals. Based on the insights gained from interactions with multiple stakeholders, Triodos Bank has concluded that a listing on a community-based MTF will best serve its objectives and fits best as the next evolutionary step.
28 September 2021
Extraordinary General Meeting
Included discussion on strategic considerations on access to capital and suspension of trade in Depository Receipts.
5 January 2021
Temporary closure for buy and sell orders of Triodos Bank N.V. Depository Receipts
Triodos Bank N.V. temporarily stopped offering depository receipts from 5 January 2021. Sell orders are temporarily not accepted.
Since reopening trade on 13 October 2020, after an earlier period of suspension, a trade pattern emerged where the number of sell orders outweighed the number of buy orders for Depository Receipts. In the UK, where Depository Receipts are no longer on sale, the resumption of trade only enabled DRs to be sold on a limited basis.
This trend emerged despite the financial health of the bank, as our capital and liquidity ratios remain well above regulatory minimum levels. The ongoing uncertainty around the Covid-19 crisis and its longer-term economic effects have not disappeared.
This poses the question what measures we can take, to achieve balanced trading, as we now must assume that previous trading patterns will likely not recover in the foreseeable future. The details of possible new measures are considered relevant information for making an informed investment decision. As the measures are not concrete enough at the moment, this information cannot be disclosed. Therefore, trading in Depository Receipts is suspended until new measures can be communicated.
Resumption of trading
We will inform customers of Triodos Bank who are Depository Receipt holders as soon as the new measures have been agreed, via the website and through individual communication.
Decisions about new measures regarding trade are likely to take some time. DR holders are being regularly updated on the process.