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Voya Financial announces adjustment to exercise price of warrants issued pursuant to the warrant agreement, dated May 7, 2013

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On March 29, 2023, Voya Financial, Inc. (NYSE: VOYA) announced a quarterly dividend of $0.20 per share on its common stock. This dividend led to adjustments in the exercise price of the Warrants under the Warrant Agreement, reducing it from $46.94 to $46.82 per share. Additionally, the number of shares each Warrant can purchase has been modified to 1.041295182 shares. These adjustments are effective as of March 29, 2023. Voya is recognized for its commitment to social responsibility and inclusivity, serving 14.7 million clients with innovative financial solutions.

Positive
  • Declared a quarterly dividend of $0.20 per share, reflecting financial stability.
  • Adjusted exercise price of Warrants from $46.94 to $46.82, potentially benefiting warrant holders.
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- On March 29, 2023, Voya Financial, Inc. (NYSE: VOYA) paid a quarterly dividend of $0.20 per share on its common stock, par value $0.01 per share (“Common Stock”). As a consequence, the exercise price of the Warrants to purchase shares of Common Stock (the “Warrants”), issued pursuant to the Warrant Agreement dated May 7, 2013 (the “Warrant Agreement”), has been adjusted, in accordance with Section 6.01 of the Warrant Agreement, from $46.94 to $46.82 per share of Common Stock for which a Warrant is exercisable. In accordance with Section 6.02 of the Warrant Agreement, the number of shares of Common Stock for which each Warrant is exercisable has been adjusted to 1.041295182. The foregoing adjustments are each effective as of March 29, 2023.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company with 7,200 employees who are focused on achieving Voya’s aspirational vision: Clearing your path to financial confidence and a more fulfilling life. Through products, solutions and technologies, Voya helps its 14.7 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a newly joined Voya company, extends the reach of Voya’s workplace benefits and savings offerings by providing benefits administration capabilities to 16.5 million individual subscription employees across employer and health plan clients. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

VOYA-IR VOYA-CF

Media:

Christopher Breslin

(212) 309-8941

Christopher.Breslin@voya.com

Investor:

Michael Katz

(212) 309-8999

IR@voya.com

Source: Voya Financial, Inc.

FAQ

What is the recent dividend announcement from Voya Financial?

Voya Financial declared a quarterly dividend of $0.20 per share on March 29, 2023.

How did the recent dividend affect Voya's Warrants?

The exercise price of Voya's Warrants was adjusted from $46.94 to $46.82 per share following the dividend announcement.

When was the dividend paid by Voya Financial?

The dividend was paid on March 29, 2023.

What changes were made to the Warrants at Voya Financial?

The number of shares each Warrant can purchase was adjusted to 1.041295182 shares.

What is Voya Financial known for?

Voya Financial is recognized for its focus on health, wealth, and investment solutions, serving over 14.7 million clients.

VOYA FINANCIAL, INC.

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