93.3% of the Delta Lloyd Shares committed after Post Closing Acceptance Period - Legal Merger preparations continue
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Post Closing Acceptance Period ended on 21 April 2017 (at 17:40 hours CET)
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13.4% of all issued and outstanding ordinary shares in the capital of Delta Lloyd tendered during the Post Closing Acceptance Period
Reference is made to the joint press release by NN Group and Delta Lloyd dated 2 February 2017 regarding the publication of the Offer Memorandum for the recommended public cash offer by the Offeror, to all holders of issued and outstanding ordinary shares in the capital of Delta Lloyd to acquire their Shares at a price of EUR 5.40 (cum dividend) in cash for each Share (the 'Offer'). Further reference is made to the joint press release dated 7 April 2017 on the results of the Offer Period and in which the Offer was declared unconditional and the post closing acceptance period (na-aanmeldingstermijn) relating to the Offer (the 'Post Closing Acceptance Period') was announced, and the joint press release dated 12 April 2017 regarding the settlement of the Shares tendered during the Offer Period.
Acceptance
NN Group and Delta Lloyd jointly announce that during the Post Closing Acceptance Period, which expired today 21 April 2017 at 17:40 hours CET, 61,025,175 Shares were tendered for acceptance at an Offer Price of EUR 5.40 (cum dividend) in cash per Share (the 'Offer Price'), representing approximately 13.4% of all Shares and an aggregate value of approximately EUR 330 million.
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Together with the 364,044,985 Shares that were already held by the Offeror following settlement of the Shares tendered during the Offer Period, NN Group will (indirectly) hold 425,070,160 Shares, representing approximately (i) 93.3% of the issued and outstanding ordinary shares in the capital of Delta Lloyd, (ii) 91.3% of the aggregate number of the issued and outstanding ordinary shares and preference shares A in the capital of Delta Lloyd, and (iii) 90.2% of the aggregate number of the issued ordinary shares and preference shares A (i.e. including shares held by Delta Lloyd in its own share capital) in the capital of Delta Lloyd.