Vereniging Aegon has entered into an agreement with Aegon to partially participate in Aegon’s current EUR 1.5 billion share buyback program. The repurchase of the Vereniging’s shares will commence as soon as Aegon has repurchased shares for an amount of EUR 750 million under the buyback program and is expected to run until the end of the share buyback program, which Aegon expects to complete on or before June 30, 2024. As of December 7, Aegon has repurchased 149.8 million shares representing EUR 703.9 million.
Vereniging Aegon will participate pro-rata in the share buyback program based on its combined common shares and common shares B voting rights currently exercisable of 18.6%, resulting in a buyback amount of EUR 139.5 million. The number of shares held by Vereniging Aegon that Aegon will repurchase will be determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.