Aegon’s Extraordinary General Meeting of shareholders (EGM) today approved the first step in the company’s redomiciliation to Bermuda and adopted all other agenda items. These included amendments to the Articles of Association of Aegon N.V. to reflect the conversion into a Luxembourg S.A.; as well as the appointment of the members of the Board of Directors of Aegon S.A. and of the Board of Aegon Ltd.
Following the closure of the transaction with a.s.r., Aegon no longer has a regulated insurance entity in the Netherlands. Under Solvency II rules, Aegon’s current supervisor, the Dutch central bank, can therefore no longer remain Aegon’s group supervisor. Following discussions in the college of supervisors, the Bermuda Monetary Authority informed Aegon that it would become its group supervisor if the company were to move its legal domicile to Bermuda.
As Dutch law currently does not facilitate a direct transfer of a legal domicile to a country outside of the European Economic Area, Aegon will first change its legal domicile to Luxembourg which does allow for such relocations.
Aegon will now proceed with a second EGM for the shareholders’ resolution on the second step of the redomiciliation. This EGM will be held in Luxembourg tomorrow. Following the adoption of this resolution and the completion of the EGM in Luxembourg, the redomiciliation to Bermuda will be implemented on 30 September 2023.
An audio live stream of tomorrow’s EGM, which begins at 09:30 CEST, will be available at Aegon's corporate website.