AMSTERDAM - Van der Moolen Holding N.V. (international trading and
brokerage in listed equities and derivatives) announces today that it
expects to make an operational loss of between Â¤ 7 million and Â¤ 8
million in the second quarter of 2009.
Because of the disappointing results Mr. Richard den Drijver has
decided, in the interest of the company, to step down as chairman of
the Executive Board of Van der Moolen. After his resignation Mr. Den
Drijver will however remain involved with the company as an advisor
in order for Van der Moolen to retain his knowledge and experience.
The Supervisory Board shall for the foreseeable future act as
Executive Board of Van der Moolen. Their focus will be to secure
financing in the short-term, to return to the core activities and to
continue to reduce costs.
For further information
For further information please contact Investor Relations/Corporate
Communications, telephone +31 (0)20 535 6789.
This press release contains forward-looking statements. All
statements regarding our future financial condition, results of
operations and business strategy, plans and objectives are
forward-looking. Statements containing the words "anticipate,"
"believe," "intend," "estimate," "expect," "hope," and words of
similar meaning are forward-looking. In particular, the following are
forward-looking in nature: statements with regard to strategy and
management objectives; pending or potential acquisitions; pending or
potential litigation and government investigations, including
litigation and investigations concerning specialist trading in the
U.S.; future revenue sources; the effects of changes or prospective
changes in the regulation or structure of the securities exchanges on
which our subsidiaries operate; and trends in results, performance,
achievements or conditions in the markets in which we operate. These
forward-looking statements involve risks, uncertainties and other
factors, some of which are beyond our control, which may cause our
results, performance, achievements or conditions in the markets in
which we operate to differ, possibly materially, from those expressed
or implied in these forward-looking statements. We caution you not to
place undue reliance on these forward-looking statements, which
reflect our management's view only as of the date of this Press
Release. We have no obligation to update these forward-looking
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.