TMCnet News
Aegon convenes AGM; complies with DNB call to postpone dividendOn April 2, 2020, the European Insurance and Occupational Pensions Authority and DNB, Aegon's principal regulator, published statements urging insurers to temporarily postpone all dividend distributions. Aegon will comply with this request, as a result of which the company will forego its 2019 final dividend of EUR 0.16 per common share. Taking into account the interim dividend paid in September 2019, this results in a total dividend for the financial year 2019 of EUR 0.15 per common share. Aegon will review opportunities for returning capital to its shareholders as soon as appropriate. Since the start of the COVID-19 crisis, Aegon and its subsidiaries have maintained strong capital positions. Given the current extraordinary circumstances, Aegon plans to provide an update on May 12, 2020 of its business performance over the first quarter of 2020 and its capital position. The Dutch government has imposed various COVID-19 related restrictions with respect to public gatherings. In organizing the AGM, Aegon will comply with these restrictions and will, in connection with the COVID-19 outbreak, observe a duty of care towards its shareholders, business partners and employees. Aegon may take measures with respect to the location of the AGM and the admittance of persons to the physical meeting, if any. Aegon urges its shareholders not to attend the meeting in person, but, instead, to make use of the other means to participate in the AGM. A webcast of the AGM will be available at www.aegon.com. Shareholders who have registered to attend the AGM can vote through an e-voting system of ABN AMRO which entails a voting instruction to a (deputy) civil law notary of Allen & Overy LLP. Shareholders will also be able to grant a proxy with or without voting instruction to the company secretary and submit written questions relating to the agenda items. Aegon advises its shareholders to regularly check its website www.aegon.com for any updates. The agenda includes a proposal to adopt the Annual Accounts 2019. All documents relating to Aegon's AGM, including the convocation notice and the agenda, are available on the company's website. The website also provides more information for shareholders on how to exercise voting rights and how to submit written questions in advance of the meeting. About Aegon Aegon's roots go back 175 years - to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. oday, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions and asset management. Aegon's purpose is to help people achieve a lifetime of financial security. More information on aegon.com. Forward-looking statements The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
- The frequency and severity of defaults by issuers in Aegon's fixed income investment portfolios; - The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds; and - The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. View source version on businesswire.com: https://www.businesswire.com/news/home/20200403005472/en/ |