NN Group announces stock fraction for 2015 interim dividend
(Thomson Reuters ONE) -
Shareholders of NN Group were given the option to receive the interim dividend
for 2015 of EUR 0.46 per ordinary share either in cash or in ordinary shares.
Shareholders who have elected to receive the interim dividend in shares will
receive one NN Group N.V. ordinary share for every 58.21 ordinary shares held.
The stock fraction has been based on the volume-weighted average price of EUR
26.778 for NN Group shares on Euronext Amsterdam for the five trading days from
25 August 2015 through 31 August 2015. Any remaining stock fractions will be
paid in cash using the volume-weighted average share price of EUR 26.778. The
stock and cash dividend are approximately equal in value. If a shareholder has
not made a choice during the election period, the interim dividend will be paid
in cash.
Approximately 28.8% of shareholders have elected to receive the interim dividend
in ordinary shares. Consequently, 1,674,470 new ordinary shares will be issued
as stock dividend.
NN Group will neutralise the dilutive effect of the stock dividend on earnings
per share through the repurchase of 1,674,470 ordinary shares from ING Group, at
the volume-weighted average share price of EUR 26.778 used to calculate the
stock fraction. NN Group intends to cancel all or part of the repurchased shares
in due course. Following the repurchase of shares, ING Group's stake in NN Group
will decrease to 37.1% of outstanding shares (net of treasury shares).
Payment of the interim dividend on the ordinary shares in cash, after deduction
of statutory withholding tax, if applicable, and the transfer of the new
ordinary shares and settlement of fractions in cash, as well as the repurchase
of ordinary shares from ING Group, will take place on 7 September 2015.
Press enquiries NN Group Investor enquiries NN Group
Manel Vrijenhoek Investor Relations
+31 (0)6 5787 5065 +31 (0)88 663 5464
manel.vrijenhoek(at)nn-group.com investor.relations(at)nn-group.com
NN Group profile
NN Group is an international insurance and investment management company, active
in more than 18 countries, with a strong presence in a number of European
countries and Japan. With around 12,000 employees the group offers retirement
services, insurance, investments and banking to more than 15 million customers.
NN Group includes Nationale-Nederlanden, NN (formerly known as ING Insurance)
and NN Investment Partners (formerly known as ING Investment Management). NN
Group is listed on Euronext Amsterdam (NN).
Important legal information
NN Group's Consolidated annual accounts are prepared in accordance with
International Financial Reporting Standards as adopted by the European Union
("IFRS-EU") and with Part 9 of Book 2 on the Dutch Civil Code.
In preparing the financial information in this document, the same accounting
principles are applied as in the 2014 NN Group Consolidated annual accounts.
All figures in this document are unaudited. Small differences are possible in
the tables due to rounding . Certain of the statements contained herein are not
historical facts, including, without limitation, certain statements made of
future expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or events to
differ materially from those expressed or implied in such statements. Actual
results, performance or events may differ materially from those in such
statements due to, without limitation: (1) changes in general economic
conditions, in particular economic conditions in NN Group's core markets,
(2) changes in performance of financial markets, including developing markets,
(3) consequences of a potential (partial) break-up of the euro, (4) the
implementation of the EC Restructuring Plan, (5) changes in the availability of,
and costs associated with, sources of liquidity as well as conditions in the
credit markets generally, (6) the frequency and severity of insured loss events,
(7) changes affecting mortality and morbidity levels and trends, (8) changes
affecting persistency levels, (9) changes affecting interest rate levels, (10)
changes affecting currency exchange rates, (11) changes in investor, customer
and policyholder behaviour, (12) changes in general competitive factors, (13)
changes in laws and regulations, (14) changes in the policies of governments
and/or regulatory authorities, (15) conclusions with regard to accounting
assumptions and methodologies, (16) changes in ownership that could affect the
future availability to us of net operating loss, net capital and built-in loss
carry forwards, (17) changes in credit and financial strength ratings, (18) NN
Group's ability to achieve projected operational synergies and (19) the other
risks and uncertainties contained in recent public disclosures made by NN Group
and/or related to NN Group.
Any forward-looking statements made by or on behalf of NN Group speak only as of
the date they are made, and, NN Group assumes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new information
or for any other reason. This document does not constitute an offer to sell, or
a solicitation of an offer to purchase, any securities in the United States or
any other jurisdiction. The securities of NN Group have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold within the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act.
Press Release NN Group stock fraction 2015 interim dividend:
http://hugin.info/160538/R/1948847/708048.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NN Group NV via GlobeNewswire
[HUG#1948847]
Unternehmensinformation / Kurzprofil:
Datum: 31.08.2015 - 20:37 Uhr
Sprache: Deutsch
News-ID 417070
Anzahl Zeichen: 6881
contact information:
Town:
Amsterdam
Kategorie:
Business News
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