The Hague, October 28, 2022 – Aegon has noted the issuance of approximately 10% additional shares by asr on October 28, 2022 as part of its financing in connection with the transaction to combine asr with Aegon’s Dutch pension, life insurance and and non-life insurance, banking and mortgage lending activities.
Pursuant to the transaction announced yesterday, Aegon will receive a strategic 29.99% interest in asr and cash proceeds upon closing. Consistent with the increase in the number of asr shares as a result of the share offering, the number of shares Aegon is expected to receive upon closing of the transaction will increase by 10% from approximately 57.4 million to approximately 63.3 million.
Based on the closing price of asr shares on October 26, 2022 – the day before the transaction was announced – this corresponds to an increase in the value of the investment by EUR 0.3 billion to EUR 2.7 billion. As a result of the adjustment mechanism agreed between the parties, cash proceeds will be reduced by EUR 0.3 billion to EUR 2.2 billion.
About Aegon
Aegon is an integrated, diversified, international financial services group. The company offers investment, protection and retirement solutions with a strategic focus on three core markets (the United States, the United Kingdom and the Netherlands), three growth markets (Spain and Portugal, Brazil and China) and a global wealth manager. Aegon’s purpose of Helping people live their best life runs through all its activities. As a leading global investor and employer, the company strives to make a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity. Aegon is headquartered in The Hague, The Netherlands and is listed on Euronext Amsterdam and the New York Stock Exchange. For more information, see aegon.com.
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