Vereniging Aegon has entered into an agreement with Aegon to participate in Aegon’s new EUR 150 million share buyback program.
The sale of Vereniging Aegon’s shares will begin today and is expected to be completed by June 30, 2025, barring unforeseen circumstances.
Vereniging Aegon will participate for EUR 20 million in the amount of the new Aegon share buyback program that remains after deduction of EUR 40 million that Aegon will buy back to meet its obligations resulting from the share-based compensation plans for its senior management in order to maintain a stable position in its combined common shares and common shares B voting rights currently exercisable at around 18.4%.
The number of common shares that Aegon will repurchase from Vereniging Aegon will be determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.