What does final discharge mean?

As mentioned above, if you accept this settlement offer in exchange for the payment of €10 per Depository Receipt, you agree that the financial consideration has been offered in full and final settlement of any Depository Receipt Claims that you may have against Triodos Bank and/or Triodos Parties.

Upon signing of the settlement offer, you can no longer sue, commence proceedings, make a Depository Receipt Claim or refer a Depository Receipt Claim or assist in a Depository Receipt Claim or start any other form of arbitral, litigation or regulatory proceedings against Triodos Bank or the Triodos Parties in connection with the Depository Receipt.

This settlement and the Final Discharge only applies to Depository Receipt Claims, including (but not limited to):

  • the issue, offer, sale, repurchase or distribution of Depository Receipts by SAAT and Triodos Bank and the contents of prospectuses issued in the past and other documentation used in connection therewith (or defects therein);
  • the investment in Depository Receipts and your investment losses, if any;
  • Triodos Bank's (investment) services in connection with the Depository Receipts and any breach of duty of care in doing so;
  • the discontinuation of Triodos Bank's facilitation of trading in Depository Receipts, Triodos Banks no longer buying at Net Asset Value and the variable price formation since listing on the MTF;
  • the transfer of the trade in Depository Receipts to the MTF and (the decision on) the listing of Depository Receipts on Euronext Amsterdam; and
  • the tax valuation of the Depository Receipts.

The Final Discharge has the effect that the amount you receive in respect of a Depository Receipt Claim will no longer decrease, but it cannot increase either. It is a fixed amount calculated on the basis of each Depository Receipt held by you on 28 June 2023.

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