} else { } Share buyback program Aegon Corporate Investors Shareholders & AGM Share buyback program A buyback – also known as share repurchase – is when a company buys its own shares, lowering the number of its shares traded in the market. View details of current and previous share buybacks. Latest 2021 Interim . Previous 2020 Final 2020 Interim 2019 Interim 2018 Final 2018 Interim 2017 Final 2016 Final 2017 interim 2016 Interim 2016: EUR 400m 2015 Final 2015 Interim 2014 Final 2014 Interim . Share buyback FAQ Why does Aegon do share buybacks? A share buyback – also known as share repurchase – is when a company buys its own shares, lowering the number of its shares traded in the market. Twice a year – when interim and final dividend are paid out to shareholders - Aegon repurchases shares as a form of 'good housekeeping'. Shareholders can opt to receive dividend – a profit-share payout per share – in the form of cash or shares (stock dividend). When Aegon issues more shares, every existing shareholder owns a smaller, or 'diluted', percentage of the company, making each share less valuable. To counteract this 'dilution', Aegon repurchases the equivalent amount of shares on the open market. The repurchased shares are held as treasury shares – that means they are held by Aegon and are not counted in voting rights. They'll be used to cover future dividends to Aegon shareholders. How do share buybacks add shareholder value? Share buybacks add shareholder value as they reduce the number of shares outstanding, which increases the earnings per share (EPS). EPS is one metric used when valuing companies. A higher EPS usually means a higher market value for the remaining shares. How do we pay for the shares? We finance the repurchased shares with Cash Capital at the Holding. This is the money we hold at the Group level to ensure we are able to fulfil our cash obligations, to maintain sufficient flexibility to provide capital and liquidity support to Aegon's operating units, and to provide stability in external dividends. Cash Capital at the Holding is financed by remittances we receive from our operations. We report our Cash Capital at the Holding position in our quarterly results. Doesn't insider knowledge prevent us from doing buybacks? We use an intermediary to make the purchase orders as this ensures there can be no suggestion that Aegon or any of our employees benefit from insider information. About us Governance Our businesses Contact Aegon Investors Financial results Analyst consensus Shareholders Dividends Financial calendar Newsroom News and updates Press releases Annual reports Sustainability Responsible investment Corporate citizenship Document library Careers Vacancy search Global careers Privacy Statement Cookie Statement Accessibility Disclaimer General terms and conditions Aegon 2021 We use cookies to make sure that our website works correctly and that you have the best experience possible. Cookies provide us important website use information. We also use cookies to provide tailored content, based on how you interact with our website and related emails.Read our Cookie Statement. Choose Cookies Accept All