Share buyback programme

NN Group is executing an open market share buyback programme.

Share buyback programme

On 13 February 2020, NN Group announced an open market share buyback programme for an amount of EUR 250 million within 12 months, commencing on 2 March 2020. Subsequently, on 6 April 2020, NN Group announced that it will act in accordance with the recommendations of EIOPA and the Dutch Central Bank (DNB) published on 2 April 2020 in light of the COVID-19 pandemic, and has temporarily suspended the current share buyback programme. Up to and including 3 April 2020, shares for a total amount of EUR 183 million were repurchased under this programme, representing 73% of the total share buyback amount. NN Group intends to resume the share buyback later this year, depending on COVID-19 developments.

This share buyback programme was executed within the limitations of the existing authority granted by the AGM on 29 May 2019 and such authority to be granted by the General Meeting on 28 May 2020. The shares were repurchased at a price that does not exceed the last independent trade or the highest current independent bid on the relevant trading platform. NN Group intends to cancel the shares acquired under the programme. The programme was executed by financial intermediaries and was performed in compliance with the safe harbour provisions for share buybacks.

NN Group reported on the progress of the share buyback programme in this section of the website on a weekly basis. The execution of the share buyback programme is subject to NN Group maintaining a robust capital position and overall financial flexibility.

Download the transaction history Transaction history NN Group share buyback programme Mar 2020 - Feb 2021


Share buyback programme – completed February 2020

On 14 February 2019, NN Group announced an open market share buyback programme for an amount of up to EUR 500 million over 12 months, commencing on 1 March 2019. This share buyback programme was completed in February 2020.

In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2018 final dividend that was paid in the form of ordinary shares for a total amount of EUR 169 million and the 2019 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 106 million. These share buyback programmes were completed in August 2019 and December 2019 respectively.

These share buybacks were executed by financial intermediaries under an open market share buyback programme.

The share buyback programmes were executed within the limitations of the existing authority granted by the AGM on 29 May 2019. The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes were executed by financial intermediaries in compliance with the safe harbour provisions for share buybacks.

NN Group reported on the progress of the share buyback programmes in this section of the website

Download the Transaction history - NN Group share buyback programme (xlsx) - Mar 2019 - Feb 2020

Share buyback programme – completed December 2018

In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. Under the share buyback programme that was completed on 21 December 2018, NN Group neutralised the dilutive effect of the 2017 final dividend that was paid in the form of ordinary shares for a total amount of EUR 142 million and the 2018 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 95 million.

These share buybacks were executed by financial intermediaries under an open market share buyback programme.

The share buyback programme was executed within the limitations of the existing authority granted by the General Meeting on 31 May 2018 and was performed in compliance with the safe harbour provisions for share buybacks. The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on Euronext Amsterdam. NN Group intends to cancel all of the shares acquired under the programme.
NN Group reported on the progress of the share buyback programme inthis section of the corporate website.

Download the Transaction history - NN Group share buyback programme (xlsx)- June 2018 - December 2018

Share buyback programme – completed December 2017

In accordance with its dividend policy, NN Group intends to neutralisethe dilutive effect of stock dividends through the repurchase of ordinaryshares. Under the share buyback programme that was completed on 22 December 2017, NN Group neutralised the dilutive effect of the 2016 final dividend that was paid in the form of ordinary shares for a total amount of EUR 129 million and the 2017 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 78 million.

These share buybacks were executed by financial intermediaries under an open market share buyback programme.

The share buyback programme was executed within the limitations of the existing authority granted by the General Meeting on 1 June 2017 and was performed in compliance with the safe harbour provisions for share buybacks.The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on Euronext Amsterdam.NN Group intends to cancel all of the shares acquired under the programme.

NN Group reported on the progress of the share buyback programme in this section of the corporate website.

Download the Transaction history - NN Group share buyback programme (xlsx)- June 2017 - December 2017

Share buyback programme – completed May 2017

On 26 May 2016, NN Group announced an open market share buyback programme for an amount up to EUR 500 million over a period of 12 months commencing 1 June 2016.  Following NN Group’s intended offer for Delta Lloyd as announced on 5 October 2016, the EUR 500 million share buyback programme was suspended. Up until the date of the announcement, share buybacks under this programme had been executed for an amount of EUR 167 million.

In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. Under the share buyback programme that was completed on 31 May 2017, NN Group neutralised the dilutive effect of the 2015 final dividend that was paid in the form of ordinary shares for a total amount of EUR 156 million and the 2016 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 82 million.

These share buybacks were executed under the programme by financial intermediaries by 31 May 2017.

The share buyback programme was executed within the limitations of the authority granted by the AGM on 2 June 2016 and was performed in compliance with the safe harbour provisions for share buybacks. The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on Euronext Amsterdam. NN Group intends to cancel all of the shares acquired under the programme.

NN Group reported on the progress of the share buyback programme in this section of the corporate website.

Download the Transaction history - NN Group share buyback programme (xlsx) – July 2016 – May 2017