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On October 6th 2008 Randstad Holding N.V., in its capacity of legal successor to Vedior N.V., the Vereniging van Effectenbezitters (VEB) and Stichting Uitvoering Vedior Schikking (SUVS) filed a petition to have the settlement agreement that was entered into on the 26the of September 2008 declared binding on all persons or entities who sold Vedior shares in the morning of Friday 30 November 2007 between 9.00 am and 11.34 am. This agreement relates to alleged damage suffered by them in connection with the sudden development in the Vedior share price on that Friday morning 30 November 2007. Vediorsettlement.com informs (former) shareholders of Vedior about the proceedings and the possible compensation to (former) shareholders in Vedior N.V.
Notification on the ground of article 1013 (5) of the Dutch Code of Civil Procedure (Wetboek van Burgelijke Rechtsvordering), with regard to a hearing in respect to the Petition to have the Agreement concluded by Randstand, VEB and SUVS declared binding.
The oral hearing on the Petition will take place on 20 May 2009 at 10.00 hrs. The hearing will take place in the courthouse located at Prinsengracht 436 in Amsterdam. Click here for important information in English with respect to this hearing. Click here for the same information in German. | |
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| Randstad and VEB submit petition for certification Vedior |
6-10-2008 |
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Randstad Holding nv, as the legal successor of Vedior N.V., and the VEB (the Dutch Shareholders Association) have jointly submitted a petition with the Amsterdam Court of Appeal under the Dutch Act on the Collective Settlement of Mass Claims (WCAM) to have the settlement for (former) Vedior shareholders, as announced on 1 February 2008, certified. This is the result of an agreement reached between Vedior and the VEB before the transaction between Vedior and Randstad was completed in May 2008. For (former) shareholders who sold Vedior shares on Friday morning 30 November 2007 between 9.00 am and 11.34 am, prior to the public announcement on the discussions between Vedior and Randstad, an amount of € 4,462,500.00 will be made available. This amount includes a 5% mark-up to cover expenses relating to the execution of the settlement. The settlement provides these shareholders with approximately 80% compensation for the difference between the sale price of their shares compared to the price when trading was resumed at 1.20 pm that day.
More information on the settlement conditions can be found at this website or via www.randstad.com and www.veb.net. | |
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| Randstad and VEB established a foundation, Stichting Uitvoering Vedior Schikking, that, in the event the settlement is certified by the court, will execute the distribution of the compensation available to eligible parties. The board of SUVS exists of Mr. J.M. van de Luijtgaarden (on behalf of Randstad), Ms. A.A.E. Rietveld (on behalf of VEB) and professor M.J. Kroeze (independent). | |