Ageas announces new share buy-back programme
28 Août 2024 - 7:25AM
UK Regulatory
Ageas announces new share buy-back programme
Ageas announces new share buy-back programme
Ageas’s Board of Directors has decided to
initiate a new share buy-back programme of its outstanding common
stock for an amount of EUR 200 million. This follows the
shareholders’ authorisation granted in May 2024. The share buy-back
programme is scheduled to run from 16 September 2024 until 31 July
2025.
The programme will be executed adhering to
industry best practices and will comply with relevant buy-back
rules and regulations. To this end, Ageas will mandate an
independent broker to conduct the purchases on the open market via
Euronext Brussels on its behalf. The bought back shares will be
held as treasury shares.
Ageas will keep the market fully informed of the
progress of the programme in accordance with the applicable
regulatory requirements.
Ageas is a listed international
insurance Group with a heritage spanning of 200 years. It offers
Retail and Business customers Life and Non-Life insurance products
designed to suit their specific needs, today and tomorrow, and is
also engaged in reinsurance activities. 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, Portugal, Türkiye, 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 about 50,000
people and reported annual inflows of EUR 17.1 billion in 2023.
- Pdf version of the press release
Ageas SA NV (EU:AGS)
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Ageas SA NV (EU:AGS)
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