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

Rhea-AI Summary

On June 29, 2021, Voya Financial (NYSE:VOYA) declared a quarterly dividend of $0.165 per share, resulting in an adjustment of the exercise price for Warrants from $47.84 to $47.73. Additionally, the number of shares each Warrant is exercisable for has increased to 1.002324500, effective from the same date. Voya is recognized for its financial wellness solutions and had a revenue of $7.6 billion in 2020, with total assets of $729 billion as of March 31, 2021.

Positive

• Quarterly dividend of $0.165 declared, reflecting financial stability.
• Warrant exercise price reduced, potentially increasing attractiveness to investors.

Negative

• None.

On June 29, 2021, Voya Financial, Inc. (NYSE:VOYA) paid a quarterly dividend of $0.165 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 $47.84 to $47.73 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 1.002324500. The foregoing adjustments are each effective as of June 29, 2021.

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. With a vision to be America’s Retirement Company®, Voya’s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020 and $729 billion in total assets under management and administration as of March 31, 2021. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as a 2020 World’s Most Admired Company by Fortune magazine; one of the 2020 World’s Most Ethical Companies® by the Ethisphere Institute; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index by Disability:IN. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

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FAQ

What is Voya Financial's recent dividend announcement on June 29, 2021?

Voya Financial declared a quarterly dividend of $0.165 per share on June 29, 2021.

How has the exercise price of Voya Financial's Warrants changed?

The exercise price of the Warrants has been adjusted from $47.84 to $47.73 per share.

What is the new number of shares for each Warrant after the June 29 adjustment?

Each Warrant is now exercisable for 1.002324500 shares of Common Stock.

What financial highlights did Voya Financial report for 2020?

Voya Financial reported a revenue of $7.6 billion and total assets of $729 billion as of March 31, 2021.