a.s.r. resumes its postponed dividend payment and share buyback program
ASR Nederland N.V. (a.s.r.) resumes its postponed dividend payment and share buyback (SBB) program following the announcement of Dutch regulator De Nederlandsche Bank (DNB) to resume the review of dividend proposals under its normal supervision. a.s.r. will pay € 1.20 per share in an extraordinary dividend, which equals the postponed final dividend of 2019. The extraordinary dividend will be made payable in September this year at which time a.s.r. also intends to restart the SBB program for the remaining € 24.3 million of the original € 75 million.
Jos Baeten, CEO a.s.r.: ‘I am pleased that, after a thorough review of the potential COVID-19 impact, we deliver on our stated intention to pay €1,20 per share to make up for the postponed dividend and to resume the share buyback program for the remaining amount. Our solvency has remained strong despite the challenges arising from the COVID-19 crisis and enables the resumption of these capital returns whilst maintaining a robust balance sheet to safeguard the interests of all our stakeholders. For the regular 2020 interim dividend decision we will follow our regular governance and timeline resulting in communication of the outcome with the publication of our results on 26 August.’
Ex-dividend date: 31 August 2020
Dividend record date: 1 September 2020
Payment date: 4 September 2020
The repurchase of shares will be carried out by an independent broker for a total amount of € 24.3 million. The period for the repurchase of shares will be announced before the start of the program. The broker will determine the exact timing of the purchase transactions independently, taking into account market conditions.
Share this via
Alexander Kuipers
Mortgages, Pensions, Asset Management, Distribution & Services, IT&C and Customer experience & Digital