Further to the announcement made on 6 August 2009, Delta Lloyd N.V. (“Delta Lloyd Group”) and Aviva plc ("Aviva") confirm their intention to proceed with a listing and initial public offering (“IPO”) of Delta Lloyd Group on NYSE Euronext Amsterdam, subject to market conditions. As part of the IPO, Aviva would sell a minority of its holding in Delta Lloyd Group.
Further to the announcement made on 6 August 2009, Delta Lloyd N.V. (“Delta Lloyd Group”) and Aviva plc ("Aviva") confirm their intention to proceed with a listing and initial public offering (“IPO”) of Delta Lloyd Group on NYSE Euronext Amsterdam, subject to market conditions. As part of the IPO, Aviva would sell a minority of its holding in Delta Lloyd Group.
It is intended that the ordinary shares will be offered to institutional and retail investors in the Netherlands and to institutional investors outside the Netherlands.
Full information about the proposed IPO will be included in the prospectus, which is expected to be published during October. This timing would mean that the IPO would be completed in November.
With this independent listing, Delta Lloyd Group will take the next step appropriate to its development. An IPO will support Delta Lloyd Group’s growth strategy, improve its strategic flexibility and further enhance its profile and brand. Delta Lloyd Group is a solid company with a strong financial position. An IPO is expected to be beneficial both for Aviva and Delta Lloyd and to provide the opportunity to consider consolidation options which Delta Lloyd Group foresees in the Netherlands and Belgium.
Goldman Sachs International and Morgan Stanley are the joint global coordinators for the IPO. Goldman Sachs International, Morgan Stanley, BofA Merrill Lynch, JP Morgan and RBS are joint bookrunners and ABN AMRO and Rabobank are co-lead managers for the IPO.
About Delta Lloyd Group
- The Delta Lloyd Group is a financial services provider offering life insurance, general insurance, fund management and banking products and services with its core markets being the Netherlands and Belgium and mainly operates under the brand names of Delta Lloyd, OHRA and ABN AMRO Insurance.
- As of 30 June 2009, Delta Lloyd Group’s MCEV on its basis was €4.1 billion (net of minorities), which includes MCEV for the life business of €4.3 billion (gross of minorities).
- Gross premium income was €2.8 billion in the six months ended 30 June 2009 and €5.9 billion for the twelve months ended 31 December 2008.
- Total assets were €63.1 billion as of 30 June 2009.
This announcement does not constitute a prospectus or an offer or invitation to purchase securities. Any offer to acquire securities pursuant to any proposed offering will be made, and any potential investor should make his investment, solely on the basis of information that will be contained in the prospectus to be made generally available
in The Netherlands in connection with such offering. When made generally available, copies of the prospectus may be obtained at no cost from the Company or through the website of Euronext Amsterdam (Dutch residents only.)
These materials are not an offer of securities for sale in the United States. The securities to which these materials relate have not been registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.
Enquiries
Media
David Brilleslijper, Delta Lloyd Corporate Communications, (+31) 20 594 44 88