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Aegon to delist from London Stock Exchange

aegon.jpg

Aegon is to cancel its listing on the London Stock Exchange.

The provider says trading of its shares on the exchange is negligible and does not justify the expense of being listed.

The cancellation of listing and trading are both expected to take effect from June 29.

Aegon’s shares will continue to be listed on Euronext Amsterdam and the New York Stock Exchange.

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Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. Stuart MacArthur 23rd May 2012 at 9:48 am

    Perhaps the first step towards AEGON N.V. preparing to sell off or wind down their UK division…

  2. That’s them out of here then…..

  3. Sounds like a prudent move if it saves them money….. I deal with them regularly and get no impression that they are leaving the market. In fact, its probably the other way round, I think they are building a great structure for the IFA market for the future.

  4. Just did a quick google search on all life cos listed on London Stock Exchange.

    To the first two anonymous replies. Are you seriously implying that if a Life Cos name isn’t on this list, it means they are selling off or winding down their UK operations. Seriously????

    Like Matt, it sounds like a perfectly sensible decision to me. If trades are so low, why incur the expense of listing? Especially if they are already listed in Amsterdam and USA.

    AEGON NV
    AVIVA
    CHESNARA
    FUBON FINANCIAL HLDGS CO
    HANSARD GLOBAL PLC
    LEGAL & GENERAL GROUP
    OLD MUTUAL PLC
    PHOENIX GROUP HLDGS
    PRUDENTIAL
    RESOLUTION LTD
    SAGICOR FINANCIAL CORP
    SHIN KONG FINANCIAL HLDG CO
    ST JAMES’S PLACE
    STANDARD LIFE PLC
    TORCHMARK CORP

  5. Mark Locke (AEGON) 24th May 2012 at 10:15 am

    At AEGON UK, we have streamlined our business over the last 18 months to be more focussed in our chosen markets of at-retirement and workplace savings. We have achieved important cost-savings and returned to profit in Q1 2012. We have invested in new technology and delivered a platform (ARC) that focuses on retirement income and will be adding to that new proposition with a workplace solution shortly. We continue to be thought leaders on RDR and Pensions Reform, providing free support and services to intermediaries to help them transition their business models ahead of 1 Jan 2013. We’re also lobbying heavily for good outcomes for customers and intermediaries in a post-RDR environment. Adrian Grace, AEGON UK CEO, was recently appointed to the Group Board, underlining the importance of the UK to the wider business. Alex Wynaendts, Group CEO of AEGON, has repeatedly stated that the UK is a core market for the group. None of this indicates a lack of commitment to the UK. On the contrary, our commitment has never been firmer.

    AEGON is a Dutch company and is listed in Amsterdam and America. The decision to delist from the London Stock Exchange is simply down to cost. It makes little business sense to pay for a listing when trades in the UK are negligible

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