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05
March
2024
|
17:00
Europe/Amsterdam

NN Group announces maximum acceptance amount for tender offer for subordinated notes

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW)  

NN Group today announces, with reference to the tender offer (as described in the tender offer memorandum dated 4 March 2024 (the “Tender Offer Memorandum”)) in respect of the EUR 750 million Fixed to Floating Rate Undated Subordinated Notes (ISIN: XS1076781589) issued by NN Group N.V. (the “Notes”) (such invitation, the “Offer”) that, following the pricing of the New Securities to be issued by NN Group, the Maximum Acceptance Amount in respect of the Offer is EUR 415,242,000 in aggregate nominal amount of Notes.  

NN Group reserves the right, in its sole and absolute discretion and for any reason, to increase or decrease the Maximum Acceptance Amount. NN Group will announce the Final Acceptance Amount as soon as reasonably practicable on 11 March 2024.  

The Offer commenced on 4 March 2024 and will expire at 5.00 p.m. (CET) on 8 March 2024. Subject to the satisfaction or waiver of the Transaction Condition on or prior to such date, settlement is expected to take place on or around 13 March 2024.   

The Offer is being made on the terms and subject to the conditions contained in the Tender Offer Memorandum and this announcement should be read in conjunction with the Tender Offer Memorandum. Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.  

Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from Kroll Issuer Services Limited acting as Tender Agent (Telephone: +44 (0)20 7704 0880, Attention: Owen Morris, Email: nngroup@is.kroll.com.   

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Gerbert van Genderen Stort
Spokesperson NN Group
Corporate matters, Sustainability & Responsible Investment
+31 (0)6 10 19 58 32