KBC Group : KBC takes note of the announcements made by Cera and KBC Ancora
(Thomson Reuters ONE) -
KBC Press Release
Brussels, 18 November 2013
Outside trading hours - Regulated information*
'NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR
AUSTRALIA, SOUTH AFRICA OR ANY STATE OR JURISDICTION INTO WHICH DOING SO WOULD
BE UNLAWFUL'
KBC takes note of the announcements made by Cera and KBC Ancora
KBC takes note of the announcements made this evening by Cera CVBA and KBC
Ancora Comm.VA, two KBC-shareholders.
-Cera announces the sale of 14.1 million KBC Group-shares via a private
placement with institutional investors. The proceeds shall be used to buy back a
term loan provided by KBC Bank and to repay the currently outstanding short term
debts with KBC Bank. As a result, Cera will have (almost) no outstanding debts
with KBC Bank any more.
-KBC Ancora announces the sale of 4.7 million KBC Group-shares via a private
placement with institutional investors. The proceeds shall be used to buy back a
loan that KBC Bank provided in 2007.
-Both transactions create additional shareholder value and have a positive
impact i.e. they strengthen the regulatory capital with 0.7 billion EUR and
improve the common equity ratio (Basel III fully loaded) by 0,7%. The common
equity ratio (Basel III, fully loaded) stood at 12,5% at the end of the third
quarter 2013.
-KBC Bank remains Cera's and KBC Ancora's home bank after these transactions.
-Cera and KBC Ancora, along with the other stable shareholders, will continue to
play their role in ensuring the shareholder stability of the KBC group after the
transaction.
As soon as KBC has been informed about the results of the transactions, it will
inform the market.
The market authorities can always decide to suspend the trading of KBC Group-
shares until the transactions have been completed and the results communicated.
KBC Ancora shareholder loans
KBC Ancora currently owns 82.2 million KBC Group shares and is the largest
individual shareholder in KBC Group, with a participation of approx. 19.7%. The
announced sale represents approx. 1.1% of the share capital in KBC Group,
meaning that KBC Ancora's participation in KBC Group will amount to approx.
18.6% after the planned sale. KBC Ancora will remain the largest shareholder of
KBC Group after the transaction.
The proceeds of the sale will be used to buy back a loan that KBC Bank provided
to KBC Ancora in 2007. It concerns a loan with a principal amount of 175 million
euro, the full repayment of which was scheduled to occur on its maturity date in
2027.
The buy back by KBC Ancora of the loan provided by KBC Bank has a positive
impact on the regulatory capital of KBC Bank. Under the anticipated
comprehensive application of the Basel III capital rules (fully loaded) the
amount of so-called shareholder-loans is deducted in full from the common equity
of the bank. On 3 July 2013, it was announced that KBC Bank had transferred
other loans provided to KBC Ancora with an aggregate principal value of 325
million euro to another international financial institution.
Cera shareholder loans
Cera currently owns 25.2 million KBC Group shares, representing approx.
6.1% of KBC Group's share capital (1). The announced sale by Cera represents
approx. 3.4% of the share capital in KBC Group. As a result, after completion of
the sale, Cera will hold approximately 2.7% of KBC Group's share capital.
The proceeds of the sale will be used to (i) buy back a loan with a
principal amount of 250 million euro provided by KBC Bank, the full repayment of
which was scheduled to occur on the maturity date in 2017 and (ii) to repay
(almost) entirely the currently outstanding amounts of short term debt owed to
KBC Bank (approx. 235 million euro).
The repayment of the loans has a positive impact on the regulatory
capital of KBC Bank. Under the anticipated comprehensive application of the
Basel III capital rules (fully loaded) the amount of so-called shareholder loans
is deducted in full from the equity of the bank.
1. In the period mid August - early September 2013, Cera has sold 4 million KBC
Group shares.
For more information, please contact:
KBC (www.kbc.com)
Wim Allegaert, General Manager, Investor Relations, KBC Group
Tel +32 2 429 50 51 - E-mail: wim.allegaert(at)kbc.be
Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC
Group
Tel +32 2 429 85 45 - E-mail: pressofficekbc(at)kbc.be
Cera (www.cera.be)
Hilde Talloen, hoofd communicatie,
Tel +32 16 27 96 79 Gsm 32 494 85 59 59 - E-mail: Hilde.Talloen(at)cera.be
KBC Ancora (www.kbcancora.be)
Jan Bergmans, Investor Relations & Pers contact
Tel +32 16 27 96 72 - E-mail: jan.bergmans(at)kbcancora.be
This press release is available in English, Dutch and French on the website
www.kbc.com.
Note for the editors
KBC Ancora is a listed company which holds approx. 19.7% of the shares in KBC
Group and which together with Cera, MRBB and the Other Permanent Shareholders is
responsible for the shareholder stability and further development of the KBC
group. As core shareholders of KBC Group, these parties have signed a
shareholder agreement to this effect.
Cera counts 412.000 members which makes it one of the biggest cooperatives in
the country. Cera is a reference shareholder of KBC Group.
Disclaimer
This announcement is for information purposes only and does not constitute an
offer to sell or a solicitation to buy any securities.
This document is not an offer of securities for sale in the United States. The
securities to which this document relates have not been registered under the US
Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States absent registration or an exemption from
registration under the Securities Act. There will be no public offering of the
securities in the United States. Any securities sold in the United States will
be sold only to qualified institutional buyers (as defined in Rule 144A under
the Securities Act) in reliance on Rule 144A.
* This news item contains information that is subject to the transparency
regulations for listed companies.
KBC Group NV - Havenlaan 2 -1080 Brussels
Press release KBC dd 18-11-2013:
http://hugin.info/133947/R/1744021/586784.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: KBC Groep via Thomson Reuters ONE
[HUG#1744021]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 19:00 Uhr
Sprache: Deutsch
News-ID 317780
Anzahl Zeichen: 8061
contact information:
Town:
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Kategorie:
Business News
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"KBC Group : KBC takes note of the announcements made by Cera and KBC Ancora"
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