Ageas expects court decision on Dutch mismanagement proceedings next Thursday 5 April 2012
(Thomson Reuters ONE) -
Today the Amsterdam Ondernemingskamer (Dutch Companies and Business Court)
announced that it would render next Thursday, 5 April, at 9.30 am, its decision
regarding the mismanagement proceedings against Fortis N.V. (now ageas N.V.).
These proceedings were initiated by representatives of Fortis shareholders,
including the Dutch shareholders association VEB, following the dismantlement of
the former Fortis group in 2008.
During the first phase of the proceedings, the Ondernemingskamer ordered an
inquiry on the management and the business course of Fortis N.V. during 2007 and
2008. The Dutch investigators issued their report on 16 June 2010. It is
available for consultation on the Ageas website:
http://www.ageas.com/Documents/NL_final_report_dutch_investigation_20100616.pdf.
During the second phase of the proceedings, VEB asked the Ondernemingskamer,
partly on the basis of the investigators' report, to rule that there was
mismanagement in the period from September 2007 up to and including September
2008 and to nullify the release from liability granted to the Fortis N.V. Board
of Directors for its management during 2007.
Ageas will provide information on the content of the decision as soon as
possible and, if necessary, will consider further steps to fully safeguard the
interests of its stakeholders. For the sake of good order, Ageas emphasises that
any claim for damages by former Fortis shareholders is not a matter for the
Ondernemingskamer.
Ageas is an international insurance company with a heritage spanning more than
180 years. Ranked among the top 20 insurance companies in Europe, Ageas has
chosen to concentrate its business activities in Europe and Asia, which together
make up the largest share of the global insurance market. These are grouped
around four segments: Belgium, United Kingdom, Continental Europe and Asia and
served through a combination of wholly owned subsidiaries and partnerships with
strong financial institutions and key distributors around the world. Ageas
operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal,
Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong
Kong and UK. It is the market leader in Belgium for individual life and employee
benefits, as well as a leading non-life player, through AG Insurance, and in the
UK, it has a strong presence as the third largest player in private car
insurance and the over 50's market. It employs more than 13,000 people and has
annual inflows of more than EUR 17 billion.
MEDIA CONTACT
+32 (0)2 557 57 37 / +32 (0) 479 79 50 02
INVESTOR RELATIONS
Brussels
+32 (0)2 557 57 33
Utrecht
+31 (0)30 252 53 05
Ageas
Rue du Marquis 1 - 1000 Brussels - Belgium
Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
www.ageas.com
Pdf version of the press release:
http://hugin.info/134212/R/1599752/504811.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ageas via Thomson Reuters ONE
[HUG#1599752]
Unternehmensinformation / Kurzprofil:
Datum: 03.04.2012 - 14:30 Uhr
Sprache: Deutsch
News-ID 131623
Anzahl Zeichen: 3803
contact information:
Town:
Brussel
Kategorie:
Business News
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"Ageas expects court decision on Dutch mismanagement proceedings next Thursday 5 April 2012"
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