Press Release: Regulated information – Ageas announces new share buy-back programme

Press Release: Regulated information – Ageas announces new share buy-back programme


 
   Ageas announces today that the Board of Directors has decided to 
initiate a new share buy-back programme of its outstanding common stock 
for an amount of EUR 250 million (1). This follows the shareholder 
authorisation granted at the end of April 2016. 
 
   The share buy-back programme will start on 15 August 2016 and will run 
up to 4 August 2017. 
 
   This programme will be implemented in accordance with industry best 
practices and in compliance with the applicable buy-back rules and 
regulations. To this end, Ageas has mandated an independent broker to 
execute the programme through open market purchases on its behalf on the 
NYSE Euronext Brussels. 
 
   The bought back shares will be held as treasury shares. Ageas will 
propose to its shareholders cancellation of all bought back shares, 
excluding the shares needed to cover share-plans granted to senior 
management. The share buy-back will not affect the solvency position of 
the insurance operations. 
 
   Ageas will keep the market fully informed of the progress of the 
transaction in line with applicable regulations. 
 
   Ageas is a listed international insurance Group with a heritage spanning 
190 years. It offers Retail and Business customers Life and Non-Life 
insurance products designed to suit their specific needs, today and 
tomorrow. As one of Europe's larger insurance companies, Ageas 
concentrates its activities in Europe and Asia, which together make up 
the major part of the global insurance market. It operates successful 
insurance businesses in Belgium, the UK, Luxembourg, France, Italy, 
Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the 
Philippines through a combination of wholly owned subsidiaries and long 
term partnerships with strong financial institutions and key 
distributors. 
 
   Ageas ranks among the market leaders in the countries in which it 
operates. It represents a staff force of over 40,000 people and reported 
annual inflows close to EUR 30 billion in 2015 (all figures at 100%). 
 
   (1) Currently, Ageas owns approximately 4.07% of its own shares The 
maximum buy-back of 10% of issued share capital authorised by the 
shareholders will not be exceeded. 
 
   pdf version press release: http://hugin.info/134212/R/2034031/757469.pdf 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Ageas via Globenewswire 
 
   HUG#2034031 
 
 
  http://www.ageas.com 
 
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