a.s.r. to repurchase its own shares
ASR Nederland N.V. (a.s.r.) announces a share buyback programme for an amount of € 75 million.
The repurchase period will start on 24 February 2022 and end on 24 May 2022 at the latest. The repurchase of shares is within the authorisation of the General Meeting of Shareholders of a.s.r. granted to the Executive Board on 19 May 2021. a.s.r. will ask the General Meeting of Shareholders for approval to withdraw the purchased shares in due course.
a.s.r. has appointed an independent broker to carry out the purchase. The exact timing of the purchases will be determined by this broker independently and without interference from a.s.r. Based on the closing price of € 42.37 on 15 February 2022 and the amount of € 75 million, the number of shares to be repurchased would be 1,770,120. The execution of the purchase depends on market conditions.
The progress of the purchases will be announced weekly on the a.s.r. website https://www.asrnl.com/investor-relations/shareholders/repurchase-of-own-shares.
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Rosanne de Boer
Non-life P&C, Individual Life and Funeral, Corporate Governance, Results, Sustainability, Combination a.s.r. and Aegon