Aegon launches €150 million share buyback initiative

Aegon has initiated a €150 million share buyback program, announced on November 15, 2024, with completion expected by June 30, 2025.

Approximately €40 million of the buyback will cover obligations under senior management share-based compensation plans, with the remainder intended for cancellation, subject to approval.

Vereniging Aegon, the company’s largest shareholder, will participate pro-rata, representing €20 million of the buyback. Transactions will comply with the EU’s Market Abuse Regulation and shareholder-approved authority from the June 2024 AGM.