Regulated information - Ageas will complete its existing share buy-back programme
(Thomson Reuters ONE) -
The Board of Ageas announces its intention to complete the share buy-back
programme launched on 13 August 2012.
On 6 August 2012, Ageas announced a share buy-back programme for a maximum of
EUR 200 million for the period starting on 13 August 2012 and ending on 19
February 2013 at the latest.
Today the Board of Ageas has decided, within the terms of the resolution of the
Annual Shareholders Meetings dated 25 and 26 April 2012, to extend the programme
until the full amount of EUR 200 million has been reached. Furthermore the
Board will propose to the shareholders at the next Shareholders Meeting[1] the
cancellation of all shares bought back up to and including 15 February 2013[2].
The overview relating to the share buy-back programme is available on:
http://www.ageas.com/en/Pageas/share_information.aspx.
Ageas is an international insurance group 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 fourth 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
Ageas
Rue du Marquis 1 - 1000 Brussels - Belgium
www.ageas.com
--------------------------------------------------------------------------------
[1] Based on past experience, the first Extraordinary General Meeting of 28
March 2013 will not attain the required attendance quorum - i.e. that at least
50% of the capital must be represented - and thus this Meeting will not be able
to decide validly. Only the second Extraordinary General Meeting of 24 April
2013 will be able to deliberate and decide.
[2] Since the start of the share buy-back programme on 13 August 2012 and until
15 February 2013, Ageas has bought back 9,165,454 shares for a total amount of
EUR 187,743,518 (see press release of 18 February 2013).
Pdf version press release:
http://hugin.info/134212/R/1679251/548318.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#1679251]
Unternehmensinformation / Kurzprofil:
Datum: 19.02.2013 - 17:41 Uhr
Sprache: Deutsch
News-ID 230988
Anzahl Zeichen: 3728
contact information:
Town:
1000 Brussels
Kategorie:
Business News
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"Regulated information - Ageas will complete its existing share buy-back programme"
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