SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934
For the month of January
VAN DER MOOLEN HOLDING N.V.
(Translation of Registrant 's name into English)
Keizersgracht 307
1016 ED Amsterdam
The Netherlands
(+31) 20 535 6789
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-s(b) under the
Securities Exchange Act of 1934.)
Yes No X
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(if "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .)
Schedule of Information Contained in this Report:
The English language press release of Van der Moolen Holding N.V. dated
January 23, 2007 publishing the announcing of the reduction in
workforce at Van der Moolen Specialists USA
Van der Moolen Announces Reduction in Workforce
at Van der Moolen Specialists USA
AMSTERDAM, The Netherlands--(BUSINESS WIRE)--Jan. 23, 2007--Van
der Moolen Holdings, N.V. announced today that its Van der Moolen
Specialists, USA, LLC unit (VDMS) will implement an immediate
reduction in work force of approximately 30%. This action is being
taken as the NYSE completes the move of all listed securities to its
new Hybrid Market system later today.
The staff reduction is expected to yield annualized savings of
approximately $4.5 million dollars going forward and will result in a
one-time charge for severance costs of approximately $1.3 million
dollars to VDMS first quarter 2007 earnings.
"This is a difficult decision, but one which is necessary for VDMS
due to implementation of the NYSE Hybrid market and more automation at
the point of sale" said Richard E. den Drijver, CEO of Van der Moolen
Holding NV.
For more information about Van der Moolen, please visit
www.vandermoolen.com or contact Investor Relations/Corporate
Communications, telephone +31 (0)20 535 6789.
Van der Moolen trades on the leading US and European equity,
option and fixed income exchanges. The group trades in open outcry and
electronic markets in several time zones. On the NYSE, Van der Moolen
currently has a market share of nearly 11% of transaction volume for
which it acts as specialist. Van der Moolen's traders worldwide
execute an average of 100,000 trades a day. Turnover and price
volatility are the most important factors influencing its results. Van
der Moolen's shares are listed on Euronext Amsterdam (VDMN.AS).
American Depositary Receipts (ADRs) representing Van der Moolen shares
are listed on the NYSE (VDM).
Disclaimer:
This press release contains forward-looking statements within the
meaning of, and which have been made pursuant to, the Private
Securities Litigation Reform Act of 1995. 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 describe certain important factors to consider in connection with
these forward-looking statements under "Key Information - Risk
Factors" and elsewhere in our annual filing with the U.S. Securities
and Exchange Commission on Form 20-F. 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 Report. We have no
obligation to update these forward-looking statements.
CONTACT: Van der Moolen
Investor Relations/Corporate Communications
T +31 0 20 535 6789
www.vandermoolen.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VAN DER MOOLEN HOLDING N.V.
Date: 23 January 2007 By: /s/ Richard E. den Drijver
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name: Richard E. den Drijver
title: Chairman of the Executive
Board
By: /s/ Casper F. Rondeltap
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name : Casper F. Rondeltap
title: Member of the Executive Board
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