Aegon today announces that the EUR 200 million share buyback program that began on 1 July 2025 has been increased by EUR 200 million to EUR 400 million with effect as of today. This increase was first announced on August 21.
To date, share repurchases for an aggregate purchase price of EUR 87 million have been completed, representing approximately 43% completion of the initial EUR 200 million program. The increased share buyback is expected to be completed by December 15, 2025, barring unforeseen circumstances.
Aegon has entered into an agreement with its largest shareholder, Vereniging Aegon, to participate in the additional EUR 200 million that has been added to the initial program, in which Vereniging Aegon also participates. Vereniging Aegon will participate pro-rata in the share buyback program based on its combined common shares and common shares B, which represent about 18.4% of the total shareholders’ voting rights that are currently exercisable. This results in a buyback amount of EUR 34 million for the additional part of the share buyback program and an aggregate amount of EUR 71 million for the full share buyback program. The number of common shares that Aegon will repurchase from Vereniging Aegon will be determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.
Aegon has engaged a third party to execute the buyback transactions on its behalf. The common shares will be repurchased at a maximum of the average of the daily volume-weighted average price per common share during the repurchase period. Aegon intends to cancel the shares it will repurchase in this share buyback program.
The share buyback program will be executed in compliance with the EU’s Market Abuse Regulation and within the limitations of the existing authority as granted by our shareholders at our annual general meeting held on June 12, 2025. For further details, visit our share buyback updates page at aegon.com.