Stichting administratiekantoor beheer financiële instellingen (NL Financial Investments, “NLFI” or the "Selling Shareholder”), on behalf of the Dutch State, and ASR Nederland N.V. (“a.s.r.”, the “Company”, and together with its consolidated subsidiaries, the “Group”), today announce the indicative offer price range and offer size for a.s.r.’s planned Initial Public Offering (the “IPO” or the “Offering”) and the publication of the related prospectus.
The IPO consists of a secondary offering of up to 52.2 million ordinary shares (the “Offer Shares”), and an over-allotment option of up to 7.8 million ordinary shares (the “Over-Allotment Shares”). Including the overallotment option, the IPO consists of a secondary offering of up to 60 million ordinary shares, representing 40% of the total number of 150 million issued and outstanding ordinary shares in the capital of the Company (the “Shares”). This is consistent with the exit advice provided by NLFI to the Ministry of Finance. Trading of the Shares on an “as-if-and-when-delivered” basis on Euronext Amsterdam is expected to commence on 10 June 2016.