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Monday, 7 August 2017

Regulated information - Ageas completes its 2016-2017 share buy-back programme

Ageas    

Published: 17:50 CEST 07-08-2017 /GlobeNewswire /Source: Ageas / : AGS /ISIN: BE0974264930

Regulated information - Ageas completes its 2016-2017 share buy-back programme

 

Ageas completed on Friday 4 August 2017 the share buy-back programme announced on 10 August 2016. Between 15 August 2016 and 4 August 2017, Ageas has bought back 7,002,631 shares corresponding to 3.34% of the total shares outstanding and totalling EUR 250 million.

 

The 2,419,328 shares bought back until 31 December 2016 within the 2016-2017 programme, were cancelled following the decision of the General meeting of shareholders held on 17 May 2017. Ageas currently holds the 4,453,726 shares bought back since 31 December 2016 as treasury shares, taking into account the deduction of shares that have been used for the senior management share-plans. Together with other treasury shares held by Ageas, the total number of shares now owned amounts to 4.02% of shares issued.

 

Ageas's Board will propose to its shareholders at the next shareholders meeting the cancellation of all the shares bought back, after deduction of the shares to cover the commitment to share-plans granted to senior management.

 

The overview of the completed share buy-back programme is available on our website.

 

The final transactions in the period 31 July - 4 August 2017 are the following:

 

Date

Number of

Shares

Total amount

(EUR)

Average price

(EUR)

Lowest price

(EUR)

Highest price

(EUR)

31-07-2017

33,847

1,295,298

38.27

38.16

38.35

01-08-2017

28,000

1,080,072

38.57

38.16

38.71

02-08-2017

30,484

1,186,526

38.92

38.70

39.14

03-08-2017

33,507

1,304,706

38.94

38.84

39.06

04-08-2017

41,067

1,596,525

38.88

38.62

39.15

Total

166,905

6,463,126

38.72

38.16

39.15

 

 

 

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, Laos, Cambodia, Singapore, 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 32 billion in 2016 (all figures at 100%).




Pdf version of the press release



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Ageas, Rue du Marquis - Markiesstraat 1, Brussels 1000, Belgium
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