NN Group N.V. (ENXTAM:NN) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, at a purchase price of €31 per share for a total of €250 million. The company will repurchase its shares from ING Groep N.V. through an order in the book, which has been fully allocated by ING Groep N.V. The company intends to cancel all or part of the repurchased shares in due course.

The company expects to fund the repurchase from the cash capital position at the holding company. The share repurchase is subject to the successful completion of the offering of 33,000,000 shares by ING, a minimum offering size and a purchase price not exceeding today's closing price of the company's ordinary shares.