
The Hague – December 15, 2022
Aegon completes share buyback programs
Aegon has completed two share buyback programs, one aimed at
neutralizing the dilutive effect of the 2022 interim dividend paid
in shares and the second to return EUR 300 million of surplus
cash capital that was generated by the sale of Aegon’s Hungarian
business to Vienna Insurance Group.
The shares repurchased as part of the buyback program to neutralize
the dilutive effect of the 2022 interim dividend, as announced on
September 27, 2022, will be held as treasury shares and will
be used to pay future dividends in shares. Between October 3,
2022 and December 15, 2022, common shares for an amount of EUR
134 million were repurchased. A total of 29,833,390 common
shares were repurchased at an average price of EUR 4.4897 per
share.
The third and final tranche of EUR 100 million of the EUR
300 million share buyback program, as announced on
March 23, 2022, also commenced on October 3, 2022 and was
completed on December 15, 2022. Between April 1, 2022 and
December 15, 2022, common shares for an amount of EUR
302 million were repurchased. A total of 65,921,332 common
shares were repurchased at an average price of EUR 4.5766 per
share. Aegon will propose at its Annual General Meeting of
Shareholders in May 2023 to cancel these repurchased shares.
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. Aegon’s 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 22 88 99 25 |
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+31(0) 70 344 8028 |
dick.schiethart@aegon.com |
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janwillem.weidema@aegon.com |