a.s.r. to commence € 125 million share buyback programme
ASR Nederland N.V. (a.s.r.) announces the initiation of a share buyback programme for an amount of € 125 million, as introduced during the Capital Markets Day on 27 June 2024.
The repurchase period will start on 20 February 2025 and ends on 20 May 2025 at the latest. The share buyback falls within the authorisation of the General Meeting of Shareholders of a.s.r., granted to the Executive Board on 29 May 2024. a.s.r. will in due course seek approval from the General Meeting of Shareholders to cancel the repurchased shares.
a.s.r. has appointed an independent broker to execute the repurchases. The exact timing of the repurchases will be determined by this broker independently and without interference from a.s.r. Based on the closing price of € 48.28 on 17 February 2025 and the amount of € 125 million, the number of shares to be repurchased would be 2,589,063. The execution of the repurchase is dependent on market conditions.
In accordance with the agreements, Aegon Ltd. will keep its position below 30% of the issued and outstanding share capital.
The progress of the repurchases will be published weekly on the a.s.r. website.
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