Aegon Ltd. announced an agreement with its largest shareholder, Vereniging Aegon, and a new governance framework to support the company's planned relocation to the United States. The move is designed to align Aegon's corporate structure with US market standards as it pursues becoming a leading US-focused life insurance and retirement group. Key governance changes include moving the legal seat to Delaware, implementing annual director elections, and simplifying the capital structure by converting all Common Shares B into a single class of stock with equal voting rights. The company will also introduce annual Say-on-Pay advisory votes and authorize a new class of preferred stock to match customary US practices. As part of the restructuring, Vereniging Aegon will be renamed Vereniging Aegon Americas while retaining its 18.4% ownership stake, and will donate EUR 500 million to a new Netherlands-based charitable entity, Stichting Aegon Fonds Nederland, ensuring the continuation of its social impact initiatives. These changes remain subject to shareholder approval at an Extraordinary General Meeting scheduled for the fourth quarter of 2026.
Aegon NVGovernance agreement and restructuring to support US relocation, aligning with US market standards and simplifying capital structure.