a.s.r. repurchases 3,000,000 of its shares in final offering
ASR Nederland N.V. (a.s.r.) has repurchased 3,000,000 of its shares. Stichting administratiekantoor beheer financiële instellingen (NLFI), which is acting on behalf of the Dutch State, has sold 30.15 million shares in a.s.r. at a price of € 33.75 per share. a.s.r. will not receive any proceeds of the sale. With the sale of NLFI's 20.5% stake in a.s.r., the Dutch State has completed the full divestment of a.s.r.
The buyback will be financed from the company’s own funds and will have only a limited impact on its solvency ratio. a.s.r. intends to cancel these shares in due course. The repurchase is in line with a.s.r.’s strategy of using capital in value creating opportunities and by returning capital to its shareholders in an efficient manner.
Jos Baeten, CEO a.s.r.: ‘With this final offering, the shareholdership of the Dutch State and NLFI comes to an end. On behalf of the Supervisory Board, the Board of Directors and all a.s.r.-colleagues, I would like to thank NLFI and the Ministry of Finance for the confidence and the constructive and pleasant cooperation during the past 9 years. Together, we have managed to return a.s.r. to the private market in a relatively short period of time since the IPO on 10 June 2016.’