Aegon announces repurchase of shares to neutralize 2016 final and 2017 interim stock dividends
September 28, 2017, 17:00 CEST
Aegon will repurchase 51,864,626 common shares to neutralize the dilutive effect of the 2016 final and 2017 interim stock dividends. These shares will be held as treasury shares and will be used to pay future stock dividends.
Aegon will commit to the repurchase of the common shares by engaging a third party to execute the transactions on its behalf. These transactions will commence on October 2, 2017, and are expected to be completed on or before December 15, 2017.
The common shares will be repurchased at a maximum of the daily volume-weighted average price. Aegon will provide weekly updates regarding the transactions on aegon.com/sharebuyback.