news and press Press releases a.s.r. to resume repurchase of shares
Press Utrecht 09 September 2020 17:45 EU/Amsterdam

a.s.r. to resume repurchase of shares

ASR Nederland N.V. (a.s.r.) is to resume the repurchase of ordinary shares for an amount of € 24.3 million. This is the remaining amount of a.s.r. shares to be repurchased, and is part of the share purchase programme that was announced and started on 19 February 2020.

In February, a.s.r. announced the start of a € 75 million share repurchase programme. This programme has been temporarily suspended following a call by the Dutch Central Bank and the European regulator EIOPA in April of this year. Because both regulators have indicated to resume the usual supervision, the programme is to be restarted. The repurchase of shares starts on 10 September 2020 and will end on 14 October 2020 at the latest.

The repurchase of shares falls within a.s.r.'s General Meeting of Shareholders' mandate granted to the Executive Board on 20 May 2020. a.s.r. will ask the General Meeting of Shareholders to cancel the repurchased shares in due course. Based on the opening price as at €30.00 per 9 September 2020 and the amount of € 24.3 million as starting point, the number of shares to be repurchased is approximately 808.929. 

a.s.r. has appointed an independent broker to execute the repurchase programme. The exact timing of the repurchase will be determined by this broker, independently and without interference from a.s.r. The execution of the repurchase depends on the market conditions.

The progress of the repurchase will be announced weekly by means of a press release and on the a.s.r. website: www.asrnl.com/news-and-press.

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