Share buyback programmes
Share buyback programmes
In accordance with its dividend policy NN Group intends to execute a recurring annual share buyback of an amount determined at its discretion. On 29 February 2024, NN Group announced that it will execute an open market share buyback programme for an amount of EUR 300 million within nine months, commencing on 2 April 2024. This share buyback programme was completed on 12 December 2024.
In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2023 final dividend that was paid in the form of ordinary shares for a total amount of EUR 232 million. This share buyback programme was completed on 30 August 2024.
The share buyback programmes are executed within the limitations of the existing authority granted by the General Meeting on 24 May 2024. The shares are repurchased at a price that does not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes are executed by financial intermediaries and are performed in compliance with the safe harbour provisions for share buybacks.
Download the transaction history Transaction history NN Group share buyback programme Apr_2024_-_Dec_2024
Share buyback programmes – completed October 2023
On 16 February 2023, NN Group announced that it would execute an open market share buyback programme for an amount of EUR 250 million within 12 months, commencing on 1 March 2023. This share buyback programme was completed on 9 October 2023.
In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2022 final dividend that was paid in the form of ordinary shares for a total amount of EUR 235 million and the 2023 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 146 million. These share buyback programmes were completed on 25 August 2023 and 6 October 2023 respectively.
The share buyback programmes were executed within the limitations of the existing authority granted by the General Meeting on 2 June 2023. The shares will be repurchased at a price that does not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes will be executed by financial intermediaries and will be performed in compliance with the safe harbour provisions for share buybacks.
Download the transaction history Transaction history NN Group share buyback programme Mar_2023_-_Feb_2024
| Amount (EURm) | Start date | Completion date | Transaction history | |
|---|---|---|---|---|
| Neutralisation of 2022 interim stock dividend | 131 | 2 Sept 2022 | 12 Oct 2022 | Download |
| Neutralisation of 2021 final stock dividend | 218 | 10 June 2022 | 24 Aug 2022 | Download |
| Open market share buyback | 750 | 13 Apr 2022 | 20 Dec 2022 | Download |
| Open market share buyback | 250 | 1 Mar 2022 | 20 Dec 2022 | Download |
Share buyback programmes – completed December 2022
On 17 February 2022, NN Group announced that it would execute an open market share buyback programme for an amount of EUR 250 million within 12 months, commencing on 1 March 2022. NN Group also announced that it would execute an additional open market share buyback programme for an amount of EUR 750 million after completion of the sale of NNIP. This additional share buyback programme commenced on 13 April 2022. These share buyback programmes were completed on 20 December 2022.
In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2021 final dividend that was paid in the form of ordinary shares for a total amount of EUR 218 million and the 2022 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 131 million. These share buyback programmes were completed on 24 August 2022 and 12 October 2022 respectively.
NN Group intends to cancel any repurchased NN Group shares under the programmes unless used to cover obligations under share-based remuneration arrangements or to deliver stock dividend.
The share buyback programmes were executed within the limitations of the existing authority granted by the General Meeting on 19 May 2022. The shares will be repurchased at a price that does not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes will be executed by financial intermediaries and will be performed in compliance with the safe harbour provisions for share buybacks.
Download the transaction history Transaction history NN Group share buyback programme Mar 2022 - Feb 2023
Share buyback programmes – completed February 2022
On 18 February 2021, NN Group announced an open market share buyback programme for an amount of EUR 250 million within 12 months, commencing on 1 March 2021. This share buyback programme was completed on 28 February 2022.
In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2020 final dividend that was paid in the form of ordinary shares for a total amount of EUR 202 million and the 2021 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 127 million. These share buyback programmes were completed on 22 September 2021 and 26 November 2021 respectively.
NN Group intends to cancel any repurchased NN Group shares under the programmes unless used to cover obligations under share-based remuneration arrangements or to deliver stock dividend.
The share buyback programmes were executed within the limitations of the existing authority granted by the General Meeting on 20 May 2021. The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes were executed by financial intermediaries and were performed in compliance with the safe harbour provisions for share buybacks.
NN Group reported on the progress of the share buyback programmes in this section of the website on a weekly basis. The execution of the share buyback programmes is subject to NN Group maintaining a robust capital position and overall financial flexibility.
Download the transaction history Transaction history NN Group share buyback programme Mar 2021 - Feb 2022
Share buyback programmes – completed February 2021
On 13 February 2020, NN Group announced an open market share buyback programme for an amount of EUR 250 million within 12 months, commencing on 2 March 2020. This share buyback programme was completed in February 2021.
In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2020 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 310 million. This share buyback programme was completed in October 2020. NN Group intends to cancel any repurchased NN Group shares under the programme unless used to cover obligations under share-based remuneration arrangements or to deliver stock dividend.
The share buyback programmes were executed within the limitations of the existing authority granted by the General Meeting on 28 May 2020. The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes were executed by financial intermediaries and were performed in compliance with the safe harbour provisions for share buybacks.
NN Group reported on the progress of the share buyback programmes in this section of the website.
Download the transaction history Transaction history NN Group share buyback programme Mar 2020 - Feb 2021
Share buyback programme – completed February 2020
On 14 February 2019, NN Group announced an open market share buyback programme for an amount of up to EUR 500 million over 12 months, commencing on 1 March 2019. This share buyback programme was completed in February 2020.
In accordance with its dividend policy, NN Group intends to neutralise the dilutive effect of stock dividends through the repurchase of ordinary shares. NN Group neutralised the dilutive effect of the 2018 final dividend that was paid in the form of ordinary shares for a total amount of EUR 169 million and the 2019 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 106 million. These share buyback programmes were completed in August 2019 and December 2019 respectively.
The share buyback programmes were executed within the limitations of the existing authority granted by the AGM on 29 May 2019. The shares were repurchased at a price that did not exceed the last independent trade or the highest current independent bid on the relevant trading platform. The programmes were executed by financial intermediaries under an open market share buyback programme in compliance with the safe harbour provisions for share buybacks.
NN Group reported on the progress of the share buyback programmes in this section of the website.
Download the Transaction history - NN Group share buyback programme (xlsx) - Mar 2019 - Feb 2020
Share buyback programme – completed December 2018
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 21 December 2018, NN Group neutralised the dilutive effect of the 2017 final dividend that was paid in the form of ordinary shares for a total amount of EUR 142 million and the 2018 interim dividend that was paid in the form of ordinary shares for a total amount of EUR 95 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 31 May 2018 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 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
