The Hague September 27, 2022
Aegon to repurchase shares to neutralize 2022 interim dividend paid in shares
Aegon will repurchase common shares for an amount of EUR 133 million to neutralize the dilutive effect of the 2022 interim dividend paid in shares. These
shares will be held as treasury shares and will be used to pay future stock dividends in shares.
Shareholders were given the opportunity to choose
between receiving the 2022 interim dividend of EUR 0.11 per common share in cash or in shares. The stock dividend and the cash dividend are approximately equal in value.
60% of shareholders elected to receive the final dividend in shares. Those who elected stock dividend received one Aegon common share for every 42 common
shares held. The stock fraction is based on Aegons average share price as quoted on Euronext Amsterdam, using the high and low of each of the five trading days from September 8 up to and including September 14, 2022. The average
share price calculated on this basis amounted to EUR 4.61. The dividend was paid on September 21, 2022.
The repurchase of shares will commence on
October 3, 2022, and is expected to be completed on or before December 15, 2022. The transaction will amount to EUR 133 million. Aegon will engage a third party to execute the transaction on its behalf. The common shares will be
repurchased at a maximum of the average of the daily volume-weighted average prices during the repurchase period.
This program is in addition to the
existing EUR 300 million share buyback that was announced on March 23, 2022, of which the third tranche of EUR 100 million will commence on October 3, 2022, and is expected to be completed on or before
December 15, 2022, barring unforeseen circumstances. Weekly updates regarding all the share buyback transactions are available on aegon.com.
About Aegon
Aegon is an integrated, diversified, international financial services group. The company offers investment, protection, and retirement solutions, with a
strategic focus on three core markets (the United States, the United Kingdom, and the Netherlands), three growth markets (Spain & Portugal, Brazil, and China), and one global asset manager. Aegons purpose of Helping people live
their best lives runs through all its activities. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and
inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.
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Contacts |
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Media relations |
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Investor relations |
Dick Schiethart |
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Jan Willem Weidema |
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+31(0) 6 2288 9925 |
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+31(0) 70 344 8028 |
dick.schiethart@aegon.com |
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janwillem.weidema@aegon.com |