Voya Financial Announces Secondary Common Stock Offering by ING Group

    Voya Financial Announces Secondary Common Stock Offering by ING Group

PR Newswire

NEW YORK, Sept. 2, 2014

NEW YORK, Sept.2, 2014 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA)
announced today that ING Group has entered into an agreement with a syndicate
of underwriters to sell Voya Financial common stock in an underwritten public
offering. Voya Financial will not be issuing or selling common stock, and will
not receive any proceeds from the offering.

In connection with the public offering, Voya Financial has entered into a
share repurchase agreement with ING Group pursuant to which Voya Financial
will repurchase directly from ING Group shares of Voya Financial common stock
for an aggregate purchase price of $300 million (the "direct share
repurchase"). The per-share purchase price to be paid by Voya Financial in the
direct share repurchase will be equal to the per-share purchase price paid by
the underwriters in the public offering. The direct share repurchase is
subject to a number of conditions, including the successful completion of the
public offering. Voya Financial expects to fund the direct share repurchase
using cash on hand.

The total number of shares of Voya Financial common stock to be sold by ING
Group, including both the underwritten public offering and shares repurchased
by Voya Financial, is expected to equal 30,000,000 shares.

Completion of the public offering and the direct share repurchase is estimated
to reduce ING Group's stake in Voya Financial from approximately 43% to
approximately 32%.

The underwriters for the offering may offer the shares for sale from time to
time in one or more transactions on the NYSE, in the over-the-counter market,
through negotiated transactions or otherwise at market prices prevailing at
the time of sale, at prices related to prevailing market prices or at
negotiated prices.

The issuer has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and
other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents
for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively,
the issuer, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by contacting Voya
Financial, Inc. at 1-212-309-8999 or by e-mailing IR@voya.com.

Media Contact:            Investor Contact:
Christopher Breslin         Darin Arita
(212) 309-8941          (212) 309-8999
Christopher.Breslin@voya.com IR@voya.com

About Voya Financial
Voya Financial, Inc. (NYSE: VOYA), which has rebranded from ING U.S., is
composed of premier retirement, investment and insurance companies serving the
financial needs of approximately 13 million individual and institutional
customers in the United States. The company's vision is to be America's
Retirement Company™ and its guiding principle is centered on solving the most
daunting financial challenge facing Americans today — retirement readiness.
Working directly with clients and through a broad group of financial
intermediaries, independent producers, affiliated advisors and dedicated sales
specialists, Voya provides a comprehensive portfolio of asset accumulation,
asset protection and asset distribution products and services. With a
dedicated workforce of approximately 7,000 employees, Voya is grounded in a
clear mission to make a secure financial future possible — one person, one
family, one institution at a time.

SOURCE Voya Financial, Inc.

Website: http://www.voya.com
 
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