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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aegon Ltd | NYSE:AEG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.07 | 1.14% | 6.20 | 6.26 | 6.16 | 6.24 | 2,328,756 | 01:00:00 |
THE HAGUE, the Netherlands, May 19, 2016 /PRNewswire/ --
Aegon announces the completion of the second tranche of its EUR 400 million share buyback program. Between April 1 and May 19, 2016, the company repurchased 42 million shares at an average repurchase price of EUR 4.76 per share. The first tranche of EUR 200 million was completed on March 31, 2016.
In January, Aegon provided the market with a strategy update and 2018 financial targets at its Analyst & Investor Conference in London. At this conference, Aegon detailed its plans to increase capital returns to shareholders, which is underscored by the EUR 400 million share buyback and the 9% increase in the 2015 dividend.
As announced at Aegon's first quarter 2016 results, Vereniging Aegon (Association Aegon) participated in the share buyback program by selling EUR 58 million of its common shares in Aegon in an off-market transaction with the company in order to maintain its level of voting rights. This transaction was completed today and was an integral part of the second tranche.
It will be proposed to shareholders tomorrow at Aegon's Annual General Meeting, to cancel all shares repurchased under the share buyback program.
DISCLAIMERS
Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, is confident, will, and similar expressions as they relate to Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Aegon's roots go back more than 170 years - to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions and asset management. Aegon's purpose is to help people achieve a lifetime of financial security. More information: aegon.com.
Media relations
Debora de Laaf
+31-(0)-70-344-8730
gcc@aegon.com
Investor relations
Willem van den Berg
+31-(0)-70-344-8405
ir@aegon.com
Copyright 2016 PR Newswire
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