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Aegon completes share buyback program

November 8, 2019 GMT

THE HAGUE, Netherlands--(BUSINESS WIRE)--Nov 8, 2019--

Aegon has completed the share buyback program announced on September 18, 2019, aimed at neutralizing the dilutive effect of the 2019 interim dividend paid in shares.

The repurchased shares will be held as treasury shares and will be used to cover future stock dividends. Between October 1, 2019 and November 8, 2019 common shares for an amount of EUR 168 million were repurchased. A total of 43,149,667 common shares were repurchased at an average price of EUR 3.89 per share.

For further details visit our sharebuyback updates page ataegon.com.

About Aegon

Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on aegon.com.

Forward-looking statements

The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:

– The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;

– The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds; and

– The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;

This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191108005576/en/

CONTACT: AegonMedia relations

Dick Schiethart

+31(0) 70 344 8821

dick.schiethart@aegon.comInvestor relations

Jan Willem Weidema

+31(0) 70 344 8028

janwillem.weidema@aegon.com

KEYWORD: NETHERLANDS EUROPE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Aegon

Copyright Business Wire 2019.

PUB: 11/08/2019 02:30 PM/DISC: 11/08/2019 02:30 PM

http://www.businesswire.com/news/home/20191108005576/en