8 August 2023News

Aegon shareholders to vote on move to Bermuda

Aegon shareholders will vote on September 29 on the life insurer’s plans to move its domicile from the Netherlands to Bermuda.

A notice from the giant life insurer said the extraordinary general meeting will take place on September 29 and 30.

“As announced on June 30, 2023, the Bermuda Monetary Authority (BMA) informed Aegon that the BMA would become its group supervisor if Aegon were to transfer its legal seat to Bermuda,” the company said.

“The purpose of the EGMs is to, therefore, approve the decision to move Aegon’s legal seat to Bermuda to facilitate the transfer of Aegon’s group supervision.”

The first EGM will be held at 09:30 CET on September 29 at Aegon N.V.'s head office in The Hague, the Netherlands. The second EGM will be held at 09:30 CET on September 30 at the Luxembourg office of the law firm Arendt & Medernach SA. Shareholders have the option to vote without attending the EGM.

A live stream of the Dutch EGM and an audio live stream of the Luxembourg EGM will be available at Aegon's corporate website.

The decision to move to Bermuda comes after Aegon agreed to sell its Dutch life insurance business to its smaller rival SR for $5.34 billion.

Aegon still has assets of 440 billion euros and more than 20,000 employees around the world. The company will remain tax resident in the Netherlands after the move.