NN Group sells preference shares Unilever
(Thomson Reuters ONE) -
NN Group announces that it has signed an irrevocable agreement with Unilever PLC
to accept a public offer for the outstanding 6% and 7% cumulative preference
shares in Unilever N.V. (Preference Shares) which Unilever intends to launch,
and to tender all Preference Shares held by NN Group.
The Preference Shares held by NN Group represent a total value of approximately
EUR 295 million and 11.4% of the voting rights in Unilever N.V. The fair value
of the Preference Shares is reflected in the IFRS and Solvency II balance sheet
of NN Group at 30 June 2017. An IFRS capital gain of approximately EUR 250
million is expected to be reported after settlement of the transaction, which is
anticipated in the fourth quarter of 2017.
NN Group's second quarter 2017 results will be published on 17 August 2017.
The ordinary shares in Unilever N.V. held by NN Group are unaffected by this
transaction.
Press enquiries NN Group Investor enquiries NN Group
Leon Willems Investor Relations
+31 (0) 627 329 839 +31 (0)88 663 5464
Leon.Willems(at)nn-group.com Investor.relations(at)nn-group.com
NN Group profile
NN Group is an international insurance and asset management company, active in
18 countries, with a strong presence in a number of European countries and
Japan. With all our employees the Group offers retirement services, pensions,
insurance, investments and banking to more than 15 million customers. NN Group
includes Nationale-Nederlanden, NN, Delta Lloyd, NN Investment Partners, ABN
AMRO Insurance, Movir, AZL, BeFrank and OHRA. NN Group is listed on Euronext
Amsterdam (NN).
Important legal information
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 or European Union countries leaving the European Union , (4) changes
in the availability of, and costs associated with, sources of liquidity as well
as conditions in the credit markets generally, (5) the frequency and severity of
insured loss events, (6) changes affecting mortality and morbidity levels and
trends, (7) changes affecting persistency levels, (8) changes affecting interest
rate levels, (9) changes affecting currency exchange rates, (10) changes in
investor, customer and policyholder behaviour, (11) changes in general
competitive factors, (12) changes in laws and regulations and the interpretation
and application thereof, (13) changes in the policies and actions of governments
and/or regulatory authorities, (14) conclusions with regard to accounting
assumptions and methodologies, (15) changes in ownership that could affect the
future availability to us of net operating loss, net capital and built-in loss
carry forwards, (16) changes in credit and financial strength ratings, (17) NN
Group's ability to achieve projected operational synergies, (18) catastrophes
and terrorist-related events, (19) adverse developments in legal and other
proceedings and (20) the other risks and uncertainties contained in recent
public disclosures made by 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 buy any securities.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NN Group NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.08.2017 - 08:16 Uhr
Sprache: Deutsch
News-ID 555790
Anzahl Zeichen: 4973
contact information:
Town:
THE HAGUE
Kategorie:
Business News
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"NN Group sells preference shares Unilever"
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