Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 114

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 114
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 rights shall be deemed to be that part (which may be the whole) of the consideration or price         
 received or receivable for such securities or, as the case may be, for such options, warrants or rights which are attributed by the Issuer to such rights of subscription or, as the case may be, such options, warrants or rights or, if no part of such 
 consideration or price is so attributed, the Fair Market Value of such rights of subscription or, as the case may be, such options, warrants or rights as at the applicable Effective Date as described in paragraph (iv) or as at the relevant date      
 of the first public announcement referred to in paragraphs (vi)–(viii) above, as the case may be plus in the case of each of (x) and (y) above, the additional minimum consideration receivable or price (if any) upon the conversion                     
 or exchange of such securities, or upon the exercise of such rights or subscription attached thereto or, as the case may be, upon exercise of such options, warrants or rights and (z) the consideration receivable or price per ordinary share upon      
 the conversion or exchange of, or upon the exercise of such rights of subscription attached to, such securities or, as the case may be, upon the exercise of such options, warrants or rights shall be the aggregate consideration or price referred to   
 in (x) or (y) above (as the case may be) divided by the number of ordinary shares to be issued upon such conversion or exchange or exercise at the initial conversion, exchange or subscription price or rate;                                            |

| (iii) | if the consideration or price determined pursuant to clause (i) or (ii) above (or any component thereof)                                                                                                                                         
 shall be expressed in a currency other than the Relevant Currency, it shall be converted into the Relevant Currency at the Prevailing Rate on the relevant Effective Date (in the case of clause (i) above) or the relevant date of first public 
 announcement (in the case of paragraphs (vi)–(viii) above);                                                                                                                                                                                      |

| (iv) | in determining the consideration or price pursuant to the above, no deduction shall be made for any commissions                                                                                                                                 
 or fees (howsoever described) or any expenses paid or incurred for any underwriting, placing or management of the issue of the relevant ordinary shares or securities or options, warrants or rights, or otherwise in connection therewith; and |

| (v) | the consideration or price shall be determined