"Although NN is well capitalised and has a strong liquidity position, it will postpone the payment of dividends on its ordinary shares in line with the EIOPA and DNB recommendations. The proposal to pay a 2019 final dividend will not be included on the agenda of the annual general meeting scheduled for 28 May 2020. It is the intention that this distribution to shareholders is made in the second half of 2020, if and at such time that, in the opinion of the Executive and Supervisory Boards of NN, this is appropriate in light of COVID-19 developments. The convocation for the annual general meeting will be available from 15 April 2020.
In addition, the EUR 250 million share buyback programme, which commenced on 2 March 2020, will be temporarily suspended. Up to and including 3 April 2020, shares for a total amount of EUR 183 million have been repurchased under this programme, representing 73% of the total share buyback amount", announced NN here.
"On April 2, 2020, the European Insurance and Occupational Pensions Authority and DNB, Aegon's principal regulator, published statements urging insurers to temporarily postpone all dividend distributions. Aegon will comply with this request, as a result of which the company will forego its 2019 final dividend of EUR 0.16 per common share. Taking into account the interim dividend paid in September 2019, this results in a total dividend for the financial year 2019 of EUR 0.15 per common share. Aegon will review opportunities for returning capital to its shareholders as soon as appropriate.
Since the start of the COVID-19 crisis, Aegon and its subsidiaries have maintained strong capital positions. Given the current extraordinary circumstances, Aegon plans to provide an update on May 12, 2020 of its business performance over the first quarter of 2020 and its capital position", informed AEGON here.
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