The FINANCIAL -- Delta Lloyd, a
prominent financial services provider offering life insurance, general
insurance, asset management and banking products and services, already
listed on NYSE Euronext in Amsterdam, today celebrated its listing in
Delta Lloyd Life, active in the Belgian market since 2001, boasts a strong market position. The strategic focus of Delta Lloyd Life is on pensions and its expertise in this niche market. Its innovative pension and life insurance solutions are mainly distributed through intermediaries, bank branches and tied agents. In 2008, Delta Lloyd Life doubled its turnover in Belgium through the acquisition of Swiss Life Belgium.
Drawing on expertise rooted in the tradition of Bank Nagelmackers 1747, Delta Lloyd Bank has been active in Belgium since 2001 as a specialist in wealth accumulation and protection and asset management. As NYSE Euronext said, the bank operates a network of more than 130 branches.
The cross listing confirms the importance that Delta Lloyd attaches to Belgium as its second home market, and reinforces its profile and visibility as a player in the Belgian banking and pensions market. In addition, it will also strengthen the group`s strategic flexibility. The listing serves to diversify the shareholder base and create broader access to the capital market.
Listing of Delta Lloyd on NYSE Euronext in Brussels was through the admission to trading of the 176,770,871 shares making up the company’s capital. The indicative reference price for Delta Lloyd shares announced on the day before listing was €14.63 per share. Market capitalisation stands at €2.5 billion.
“NYSE Euronext in Brussels extends a warm welcome to Delta Lloyd. We are delighted to reinforce our long-term partnership with a company that has sought double listing on our European market,” said Alain Baetens, Head of Listings Belgium at NYSE Euronext. “Listing will raise Delta Lloyd’s visibility with investors and enhance its liquidity profile. At the same time, Delta Lloyd’s listing is a success for NYSE Euronext, underscoring the attractiveness and benefits of our cross-border listing programme and the delivery of our Single Order Book.”
Niek Hoek, Chairman of Delta Lloyd’s Executive Committee, added: “With the listing on Euronext Brussels, we underline the importance of the Belgian market as Delta Lloyd’s second home market. It is the beginning of a new phase for Delta Lloyd as a listed company. We wish to thank our customers and our shareholders for the trust they have expressed to us and we will keep working hard for their interests and the realisation of our ambitions in Belgium.”
To celebrate the listing, Piet Verbrugge, CEO of Delta Lloyd Bank Belgium, and Jan Van Autreve, CEO of Delta Lloyd Life, rang the bell to open trading on NYSE Euronext’s European market. They were accompanied by members of Delta Lloyd’s management team as well as NYSE Euronext’s listing team.