AMSTERDAM: Aegon is exercising its right to redeem the USD 250 million floating rate perpetual capital securities with a minimum coupon of 4% issued in 2005. The redemption is in line with Aegon’s target to reduce leverage, a news release said. The redemption of these grandfathered Tier 1 securities will be effective September 15, 2021,…
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Aegon to repurchase EUR 133 million worth of shares to neutralize final payout
AMSTERDAM, NETHERLANDS: Aegon announced that it will repurchase common shares for an amount of EUR 133 million to neutralize the dilutive effect of both its 2020 final stock dividend and certain share-based variable compensation plans for senior management. Shareholders were given the opportunity to choose between receiving the 2020 final dividend of EUR 0.06 per…