NN Group AGM adopts 2017 Annual Accounts
31 May 2018 | NN Group AGM adopts 2017 Annual Accounts
The Annual General Meeting (AGM) of NN Group N.V. has adopted allproposals on the agenda, including the adoption of the annual accounts for the 2017financial year, the reappointment of Heijo Hauser and Hans Schoen as members ofthe Supervisory Board of NN Group, and the appointment of David Cole as memberof the Supervisory Board of NN Group. The reappointment of Delfin Rueda as memberof the Executive Board, Chief Financial Officer (CFO) and vice-chair of theExecutive Board of NN Group for a term of four years was notified to theGeneral Meeting and is effective as of today.
The AGM also adopted the final dividend for 2017 ofEUR 1.04 per ordinary share. Together with the interim dividend ofEUR 0.62 per ordinary share paid on 11 September 2017, the total dividendfor 2017 amounts to EUR 1.66 per ordinary share. The final dividend for 2017will be paid either fully in cash, after deduction of withholding tax ifapplicable, or fully in ordinary shares at the election of the shareholder. NNGroup will neutralise the dilutive effect of the stock dividend on earnings perordinary share through the repurchase of ordinary shares. TheNN Group ordinary shares will be quoted ex-dividend on 4 June 2018. The recorddate for the dividend will be 5 June 2018. The election period will run from 4June 2018 up to and including 18 June 2018. If no choice is made during theelection period the dividend will be paid in cash. The stock fraction for thestock dividend will be based on the volume weighted average price of NN Groupordinary shares on Euronext Amsterdam for the five trading days from 12 June2018 up to and including 18 June 2018. The dividend will become payable on 25June 2018. For further information: nn-group.com
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NN Group’s ConsolidatedAnnual Accounts are prepared in accordance with International FinancialReporting Standards as adopted by the European Union (“IFRS-EU”) and with Part9 of Book 2 of the Dutch Civil Code.
Certain of thestatements contained herein are not historical facts, including, withoutlimitation, certain statements made of future expectations and otherforward-looking statements that are based on management’s current views andassumptions and involve known and unknown risks and uncertainties that couldcause actual results, performance or events to differ materially from thoseexpressed or implied in such statements. Actual results, performance or eventsmay differ materially from those in such statements due to, without limitation:(1) changes in general economic conditions, in particular economic conditionsin NN Group’s core markets, (2) changes in performance of financial markets,including developing markets, (3) consequences of a potential (partial)break-up of the euro or European Union countries leaving the European Union ,(4) changes in the availability of, and costs associated with, sources ofliquidity as well as conditions in the credit markets generally, (5) thefrequency and severity of insured loss events, (6) changes affecting mortalityand morbidity levels and trends, (7) changes affecting persistency levels, (8)changes affecting interest rate levels, (9) changes affecting currency exchangerates, (10) changes in investor, customer and policyholder behaviour, (11)changes in general competitive factors, (12) changes in laws and regulationsand the interpretation and application thereof, (13) changes in the policiesand actions of governments and/or regulatory authorities, (14) conclusions withregard to accounting assumptions and methodologies, (15) changes in ownershipthat could affect the future availability to NN Group of net operating loss,net capital and built-in loss carry forwards, (16) changes in credit andfinancial strength ratings, (17) NN Group’s ability to achieve projectedoperational synergies, (18) catastrophes and terrorist-related events, (19)adverse developments in legal and other proceedings and (20) the other risksand uncertainties contained in recent public disclosures made by NN Group.
Any forward-looking statements made by or on behalf of NN Group speakonly as of the date they are made, and, NN Group assumes no obligation topublicly update or revise any forward-looking statements, whether as a resultof new information or for any other reason.