Aegon NV has completed its share repurchase program after buying back a total of 32,873,805 common shares between July 1 and Aug. 2.
The common shares were repurchased at an average price of €4.52 per share. The repurchased shares will be held as treasury shares and will be utilized in paying future stock dividends.
On June 19, Aegon announced that it will repurchase 32,873,805 common shares to neutralize the dilutive effect of its 2018 final stock dividend of 15 euro cents per share. The company engaged a third party to execute the transactions on its behalf.