2013-02-27 08:18:27 -
Ageas has completed yesterday the share buy-back programme announced on 6 August
2012. Between 13 August 2012 and 26 February 2013, Ageas has bought back
9,635,159 shares corresponding to 3.96% of the total shares outstanding and
totaling EUR 200 million.
Ageas currently holds the shares bought back as treasury shares. Together with
the shares previously held by Ageas, the total amount of shares now owned by
Ageas amounts to 5.70%.
On 19 February 2013, Ageas's Board decided to propose to its shareholders at the
next shareholders meeting the cancellation of the shares bought back up to
and including 15 February 2013.
The overview relating to the completed share buy-back programme is available on:
The final transactions in the period 25-26/2/2013 are the following:
of Total amount Average price Lowest price Highest price
Shares (EUR) (EUR) (EUR) (EUR)
25-02-2013 77,717 2,027,061 26.08 25.75 26.48
26-02-2013 13,572 345,568 25.46 25.04 25.65
Total 91,289 2,372,629 25.99 25.04 26.48
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. Ageas is the market leader in Belgium for individual life and
employee benefits, as well as a leading non-life player through AG Insurance. In
the UK, Ageas has a strong presence as the fourth largest player in private car
insurance and the over 50's market. Ageas employs more than 13,000 people and
has annual inflows of more than EUR 21 billion.
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.
Pdf version press release:
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Source: Ageas via Thomson Reuters ONE