a.s.r. announces final result of Tender Offer
ASR Nederland N.V. (a.s.r.) announces the final result of its invitation made to the holders of its outstanding €500,000,000 Fixed to Fixed Rate Undated Subordinated Notes (ISIN: XS1115800655) (“the Notes”) to tender their Notes for purchase by a.s.r. for cash (such invitation, “the Offer”).
The Offer was announced on 19 March 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 19 March 2024 (the “Tender Offer Memorandum”) prepared by a.s.r. The Expiration Deadline for the Offer was 5.00 p.m. (CET) on 26 March 2024. a.s.r. hereby announces the result of the Offer. Capitalised terms used in this announcement but not defined, have the meanings given to them in the Tender Offer Memorandum.
a.s.r. hereby announces that the aggregate nominal amount of the Notes validly accepted for purchase in accordance with the terms, and subject to the conditions (including the Transaction Condition) set out in the Tender Offer Memorandum is EUR 380,359,000.
Subject to the satisfaction or waiver of the Transaction Condition on or prior to such date, payment of the Purchase Price and Accrued Interest in respect of the Notes accepted for purchase by a.s.r., will occur on the Settlement Date for the Offer which is expected to be on or around 28 March 2024.
ABN AMRO Bank N.V., Barclays Bank Ireland PLC, BNP Paribas, BofA Securities Europe SA and HSBC Continental Europe are acting as Dealer Managers for the Offer and Kroll Issuer Services Limited is acting as Tender Agent. Telephone: +44 (0)20 7704 0880; Attention: Jacek Kusion; Email: asr@is.kroll.com.
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25 Apr 2024a.s.r. joins Forum for Insurance Transition to Net-Zero (FIT)a.s.r. has joined the Forum for Insurance Transition to Net-Zero (FIT), a new initiative launched by the United Nations Environment Programme (UNEP). A total of 19 insurers and reinsurers worldwide have joined this initiative. FIT builds upon the efforts of the Net-Zero Insurance Alliance (NZIA). It provides a broader platform for collaboration and innovation and a.s.r. is one of the three Dutch insurers actively participating. a.s.r. hereby reaffirms its commitment to a sustainable and climate-neutral insurance sector.
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18 Apr 2024500 a.s.r. employees roll up their sleeves on first “Doenkracht Donderdag”Across the Netherlands, 500 a.s.r. employees will participate in activities on Thursday, April 18, during Doenkracht Donderdag (“Doenkracht Thursday”). On this day, employees will step away from their usual tasks and wholeheartedly engage in volunteer work across 6 of a.s.r.’s 7 business cities. a.s.r.’s social organisation, Doenkracht, collaborates with various organisations in and around these cities that can benefit from external help. This initiative marks the first time a.s.r. is organising such an event, drawing inspiration from Aegon Nederland, which previously introduced Vrijwilligerswerk Vrijdag (“Volunteering on Friday”). The commitment to community activities aligns with a.s.r.’s mission to empower individuals in the Netherlands to make informed financial decisions, fostering greater financial awareness, savvy, and resilience.
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16 Apr 2024a.s.r. to hold Annual General Meeting of Shareholders on 29 May 2024Today, ASR Nederland N.V. (a.s.r.) is publishing the convocation and the accompanying documents for the Annual General Meeting of Shareholders (AGM) that is scheduled for Wednesday 29 May 2024 at 10:00 a.m. The AGM will be held on that day at the office of a.s.r. in Utrecht.