Third offering of a.s.r. shares by NLFI
NLFI (stichting administratiekantoor beheer financiële instellingen), which is acting on behalf of the Dutch State, has announced its intention to sell up to 20,000,000 ordinary shares of its equity interest in ASR Nederland N.V.
The ordinary shares in this third offering represent 13.3% of the outstanding share capital of a.s.r. Once the transaction has been successfully completed, NLFI’s interest will decrease from 50.1% to 36.8% of the total outstanding share capital. The shares are being offered to qualified investors through an accelerated bookbuilding offering.
a.s.r. is unable to participate in the planned 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 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 will be placed on the agenda for the Annual General Meeting of 31 May 2017.
NLFI has agreed with the joint bookrunners that the remaining shares in a.s.r. held by NLFI will be subject to a lock-up period of 60 calendar days after completion of the transaction. The joint book runners may waive the agreed lock-up at their sole discretion.