Aegon NV completed the share buyback program it announced Sept. 28, repurchasing a total of 51,864,626 common shares at an average price of €5.09 apiece between Oct. 2 and Dec. 15.
The Dutch insurance group said the repurchased shares will be held as treasury shares and will be used to cover future stock dividends. The share buyback program neutralized the dilutive effect of the 2016 final and 2017 interim dividends paid in shares, it also said.
