For more than 175 years, AEGON NV (NYSE: AEG) has remained committed to its mission to offer diversified financial services, including diversified financial services. And the primary goal is to help people accomplish a lifetime of financial security. The company operates in more than 20 countries in the Americas, Europe, and Asia, investing in mergers and acquisitions. Today, it is a significant global insurer with a head office in The Hague, the Netherlands.
AEG has purposed to spend EUR 133 million to repurchase common shares. The purchase cost is divided into two parts, the first part costing EUR 61 million and the second part EUR 72 million. The first part of the shares will help to nullify the dilutive effect of both its 2020 final stock dividend and specific share-based variable compensation plans for senior management. On the contrary, the second part will neutralize the dilutive effect of the shares already vested and will be in the context of share-based variable compensation plans for the years 2017-2021.
The 2020 final dividend was shared at EUR 0.06 per common share, and the shareholders had the opportunity to choose whether to receive in cash or stock. About 58% of shareholders choose to receive in stock.
Exploring New Opportunities in Core Markets
AEGON is a big advocate of doing business responsibly to create a sustainable positive financial environment, which serves all the shareholders. And despite having a growing business, the company is still pursuing profitable sales and distribution channels to expand its footprint. This is in addition to capitalizing on local growth opportunities and partnerships.
In other news, the company has appointed Allegra van Hövell-Patrizi (1974) to succeed Maarten Edixhoven as CEO of Aegon the Netherlands. The appointee’s experience in the financial space dates back to 1996 when he started at McKinsey & Company before joining the UK asset management company F&C Investments and Prudential plc.
Allegra’s previous position as a Chief Risk Officer is now vacant and the selection process to identify a new candidate is underway.