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Share buyback programme

NN Group intends to neutralise the dilutive effect of stock dividends.

Share buyback programme – ending December 2018

As announced on 15 February 2018, NN Group’s shareholders were given the option to receive the final dividend for 2017 of EUR 1.04 per ordinary share either fully in cash or fully in ordinary shares. Following the election by shareholders, NN Group will neutralise the dilutive effect of the stock dividend through the repurchase of ordinary shares for a total amount of EUR 142 million, equivalent to the value of the stock dividend.

This share buyback will be executed by financial intermediaries under an open market share buyback programme which is expected to end by 31 December 2018.

The share buyback programme will be executed within the limitations of the existing authority granted by the General Meeting on 31 May 2018 and will be performed in compliance with the safe harbour provisions for share buybacks. The shares will be repurchased at a price that does 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 will report on the progress of the share buyback programme in this section of the corporate website.


Download the Transaction history - 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 neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. 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