Bli medlem
Bli medlem

Du är här


NN Group NV: ING completes divestment of NN Group

NN Group announces today that ING Group has agreed to sell 45.7 millionshares
of NN Group at a price of EUR 30.15 per share. NN Group will not receive any
proceeds from the offering. The transaction completes ING's divestment of NN
Group. The shares were offered by way of an accelerated book building
offering to institutional investors. NN Group will release its first quarter
2016 results on 26 May 2016 and is currently in closed period.

Lard Friese, CEO of NN Group: 'Today is a historic moment for NN Group. We
thank ING Group for their partnership and support in our journey to become a
stand-alone company, and we are grateful to our customers, employees,
business partners and shareholders for their ongoing commitment. In the years
to come, we will continue to focus on the evolving needs of our customers, in
our aim to build a company that truly matters to our stakeholders.'

The transaction is in line with ING's previously announced intention to divest
its remaining stake in NN Group ultimately by the end of 2016, and its
strategy to divest all of its insurance and investment management businesses
as part of the EC restructuring agreement. In this context, ING Group sold
shares of NN Group through an initial public offering in July 2014 and
follow-on offerings in February 2015, May 2015, September 2015 and January

ING Group will continue to hold warrants that are exercisable for
approximately 35 million ordinary shares of NN Group as specified in the
warrant agreement dated 10 June 2014.

| Press enquiries NN Group Investor enquiries NN Group |
| |
|Daphne Andriesse Investor Relations |
|+31 (0) 6 83 641 626 +31 88 663 5464 |
| |
NN Group profile

NN Group is an international insurance and asset management company, active in
more than 18 countries, with a strong presence in a number of European
countries and Japan. With around 11,500 employees the group offers retirement
services, insurance, investments and banking to more than 15 million
customers. NN Group includes Nationale-Nederlanden, NN and NN Investment
Partners. NN Group is listed on Euronext Amsterdam (NN).

Important legal information

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
detailed in the Risk Factors section 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.

Press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.