Aegon has completed the share buyback program announced on July 1, 2022, aimed at neutralizing the dilutive effect of the 2021 final dividend paid in shares.
The repurchased shares will be held as treasury shares and will be used to pay future dividends in shares. Between July 7, 2022 and September 27, 2022, common shares for an amount of EUR 107 million were repurchased. A total of 24,363,895 common shares were repurchased at an average price of EUR 4.38 per share.
This share buyback is in addition to the existing EUR 300 million share buyback that was announced on March 23, 2022. The second tranche of this share buyback for an amount of EUR 100 million commenced on July 7, 2022 and was completed on September 27, 2022.