Aegon: completes share repurchase program
(CercleFinance.com) - Aegon announced on Monday that it had completed the repurchase of 39.
5 million of its own shares, which will now be held in treasury stock for future stock dividend payments.
The Dutch insurer launched a share buyback programme last month to neutralise the dilutive effect of the payment in shares of its dividend balance for FY 2020.
Some of these shares are also to be allocated to the share-based compensation plans offered to its senior executives.
Between 8 July and 20 August, the group bought back its shares at an average price of 3.7 euros per share, representing a total sum of around 146 million euros.
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