The settlement offer is part of a larger package of measures announced today. With this package of measures, Triodos Bank aims to address the dissatisfaction among DR Holders regarding the suspension and restoration of tradability of DRs, while safeguarding its capacity to achieve its positive impact goals in the interest of all its stakeholders.

The total package of measures is the agreed outcome of constructive discussions between Triodos Bank and Stichting Certificaathouders Triodos Bank (SCTB) and is fully endorsed by SCTB. Triodos Bank appreciates SCTB’s commitment and dedication to overcome our earlier differences of opinion and find solutions together for a way forward.

The total package announced today builds upon steps already taken including the decision to pursue a listing on Euronext and includes the following new elements:  

  • Settlement offer: Triodos Bank will offer all eligible DR Holders who owned DRs on 28 June 2023 a one-off payment of EUR 10 per DR in exchange for full and final discharge of any legal claims related to the DRs, including the suspension of trade and the subsequent steps taken by the bank. Excluded from this settlement offer are DR Holders who already achieved finality vis-à-vis Triodos Bank on a DR related claim, for example by means of a final verdict.
  • Governance: Since the listing on a multilateral trading facility (MTF), DR Holders gained the right to request voting rights on their DRs at General Meetings. In addition, Triodos Bank will, in consultation with Stichting Administratiekantoor Aandelen Triodos Bank (SAAT), implement additional changes to facilitate the proxy process and enable the possibility for DR Holders to grant a proxy to third parties or for SAAT to vote on their behalf at General Meetings.
  • Communication and community building: Triodos Bank will further enhance its communication with DR Holders and strengthen its community engagement activities for all stakeholders, including DR Holders, co-workers and customers. Initiatives in this respect will be presented during the Annual General Meeting in May 2025.
  • Euronext listing: Triodos Bank will support DR Holders with their transition to Euronext by making information available through multiple channels.

DR Holders who are eligible for the settlement offer will receive a personal message in March 2025. 

Disclaimer  

The information in this document has been obtained or derived from sources believed by Triodos Bank N.V. to be reliable at the date of publication of this document. However, no representations are made as to its accuracy or completeness. The information may be subject to change, and Triodos Bank N.V. assumes no undertaking to revise or amend the information provided, or to provide any update in respect of any change related thereto. Triodos Bank N.V. accepts no liability for loss arising from the use of the information. The information is: (i) for discussion purposes only; (ii) not to be regarded as (investment) advice; and (iii) not to be relied upon in substitution for the exercise of independent and sound judgement.  

 This document does not constitute any commitment or any offer to commit to any transaction or financing by Triodos Bank N.V.  

 This document may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Some of these forward-looking statements are characterised by the use of words such as (but not limited to): 'expect', 'anticipate', 'estimate', 'may', 'should', 'would', 'believe', 'intend', 'plan', 'contemplate', 'aim', 'could', 'will', 'potential', 'think', 'seek', as well as similar expressions, the future tense and the conditional. The forward-looking statements included in this document with respect to the business, results of operation and financial condition of Triodos Bank N.V. are subject to a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including but not limited to the following: changes in economic and political conditions, actions taken and policies applied by governments and their agencies, changes in credit spreads or interest rates, the results of our strategy and investment policies and objectives. Triodos Bank N.V. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this document.