AEGON's listing on the London Stock Exchange cancelled
AEGON N.V. has cancelled the listing of its common shares on the Official List maintained by the UK Listing Authority and the admission to trading of its common shares on the London Stock Exchange (LSE) both as of 8.00 a.m., June 29, 2012.
AEGON has delisted its shares in London as the volume of AEGON's shares traded on the LSE was negligible and did not justify the related expenses. AEGON's shares will continue to be listed on Euronext Amsterdam and the New York Stock Exchange.
About AEGON
As an international life insurance, pensions and asset management company based in The Hague, AEGON has businesses in over twenty markets in the Americas, Europe and Asia. AEGON companies employ over 25,000 people and have nearly 47 million customers across the globe.
Key figures - EUR Q1 2012 Full year 2011
Underlying earnings before tax 425 million 1.5 billion
New life sales 445 million 1.8 billion
Gross deposits 11.0 billion 32 billion
Revenue-generating investments
(end of period) 437 billion 424 billion
Contact information
Media Relations: Greg Tucker, + 31 (0) 70 344 8956, gcc-ir@aegon.com Investor Relations: Willem van den Berg, + 31 (0) 70 344 8305, ir@aegon.com
www.aegon.com
Cautionary note regarding non-GAAP measures
This document includes a non-GAAP financial measure: underlying earnings before tax. The reconciliation of underlying earnings before tax to the most comparable IFRS measure is provided in Note 3 "Segment information" of AEGON's Condensed consolidated interim financial statements.
Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, is confident, will, and similar expressions as they relate to AEGON. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. AEGON undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
* Changes in general economic conditions, particularly in the United States,
the Netherlands and the United Kingdom;
* Changes in the performance of financial markets, including emerging
markets, such as with regard to:
- The frequency and severity of defaults by issuers in AEGON's fixed income
investment portfolios; and
- The effects of corporate bankruptcies and/or accounting restatements on the
financial markets and the resulting decline in the value of equity and debt
securities AEGON holds;
- The effects of declining creditworthiness of certain private sector
securities and the resulting decline in the value of sovereign exposure
that AEGON holds;
* Changes in the performance of AEGON's investment portfolio and decline in
ratings of the company's counterparties;
* Consequences of a potential (partial) break-up of the euro;
* The frequency and severity of insured loss events;
* Changes affecting mortality, morbidity, persistence and other factors that
may impact the profitability of AEGON's insurance products;
* Reinsurers to whom AEGON has ceded significant underwriting risks may fail
to meet their obligations;
* Changes affecting interest rate levels and continuing low or rapidly
changing interest rate levels; changes affecting currency exchange rates,
in particular the EUR/USD and EUR/GBP exchange rates;
* Changes in the availability of, and costs associated with, liquidity
sources such as bank and capital markets funding, as well as conditions in
the credit markets in general such as changes in borrower and counterparty
creditworthiness;
* Increasing levels of competition in the United States, the Netherlands, the
United Kingdom and emerging markets;
* Changes in laws and regulations, particularly those affecting AEGON's
operations, ability to hire and retain key personnel, the products the
company sells, and the attractiveness of certain products to its consumers;
* Changes in the policies of central banks and/or governments,;
* Regulatory changes relating to the insurance industry in the jurisdictions
in which AEGON operates;
* Changes in customer behavior and public opinion in general related to,
among other things, the type of products also AEGON sells, including legal,
regulatory or commercial necessity to meet changing customer expectations;
* Acts of God, acts of terrorism, acts of war and pandemics;
* Lowering of one or more of AEGON's debt ratings issued by recognized rating
organizations and the adverse impact such action may have on the company's
ability to raise capital and on its liquidity and financial condition;
* Lowering of one or more of insurer financial strength ratings of AEGON's
insurance subsidiaries and the adverse impact such action may have on the
premium writings, policy retention, profitability of its insurance
subsidiaries and liquidity;
* The effect of the European Union's Solvency II requirements and other
regulations in other jurisdictions affecting the capital AEGON is required
to maintain;
* Litigation or regulatory action that could require AEGON to pay significant
damages or change the way the company does business;
* As AEGON's operations support complex transactions and are highly dependent
on the proper functioning of information technology, a computer system
failure or security breach may disrupt the company's business, damage its
reputation and adversely affect its results of operations, financial
condition and cash flows;
* Customer responsiveness to both new products and distribution channels;
* Competitive, legal, regulatory, or tax changes that affect profitability,
the distribution cost of or demand for AEGON's products;
* Changes in accounting regulations and policies may affect AEGON's reported
results and shareholder's equity;
* The impact of acquisitions and divestitures, restructurings, product
withdrawals and other unusual items, including AEGON's ability to integrate
acquisitions and to obtain the anticipated results and synergies from
acquisitions;
* Catastrophic events, either manmade or by nature, could result in material
losses and significantly interrupt AEGON's business; and
* AEGON's failure to achieve anticipated levels of earnings or operational
efficiencies as well as other cost saving initiatives.Further details of potential risks and uncertainties affecting the company are described in the company's filings with NYSE Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, the company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
JUNE 29, 2012
Press release
