NLFI sells 20 million shares in a.s.r.
Stichting administratiekantoor beheer financiële instellingen (NLFI), on behalf of the Dutch State, has completed the accelerated book building offering to qualified investors of 20,000,000 ordinary shares in a.s.r. at a price of EUR 25.75 per share, realising EUR 515 million of aggregate proceeds. a.s.r. will not receive any proceeds from the offering.
The transaction reduces NLFI's stake in a.s.r.'s share capital from 50,1% to 36,8%. After cancellation of the 3,000,000 shares that a.s.r. acquired in January 2017, NLFI's shareholding in a.s.r. is expected to represent 37.5% of a.s.r.’s share capital.
a.s.r. didn’t participate in this offering because, at the time of the offering in January of this year, it already repurchased the maximum number of shares for which it is currently authorized by its shareholders. The granting of a new authorization to the Executive Board for the repurchase of a.s.r.’s own shares at arm’s length conditions, and the cancellation of the 3,000,000 shares that a.s.r. acquired, will be placed on the agenda for the Annual General Meeting of 31 May 2017.