Aegon repays one third of government support
Aegon yesterday (30 November) repaid one third of the £2.7bn (EUR 3bn) of state aid it secured last year from the Dutch government.
The insurance giant first announced its intention to repay the Dutch government in August when it raised £0.91bn (EUR 1bn) in an equity issue.
The total payment to the Dutch government amounts to £1bn (EUR 1.15bn).
Under the terms of Aegon's agreement with the Dutch government, the premium for repayment amounted to £98.5m (EUR 108m) based on the volume weighted average share price of Aegon shares during the five trading days from 23 November until 27 November.
The amount repaid includes accrued interest from 22 May 2009 of £40m (EUR 44m).
