Practical details about the Fortis settlement
16 Juli 2018 - 8:15AM
Following the
binding declaration of the Fortis settlement by the Amsterdam Court
of Appeal announced last Friday, 13 July 2018, Ageas shares the
practical details and steps to be taken by Eligible
Shareholders.
Notice of the binding declaration
will be sent to all known Eligible Shareholders. Additionally, it
will be published in various newspapers in Belgium and the
Netherlands, on the website FORsettlement.com and on Ageas's
website on Friday 27 July 2018.
Claims
administrator
Stichting FORsettlement appointed
Computershare Investor Services plc to act as independent claims
administrator to handle the claims process.
Steps to be taken
by Eligible Shareholders
The claim form to request
compensation pursuant to the settlement agreement will be made
available on Friday 27 July 2018 through
FORsettlement.com. To request compensation, an Eligible Shareholder
must file a claim form with supporting evidence with the claims
administrator ultimately approximately one year thereafter,
i.e. no later than Sunday 28 July 2019.
Eligible Shareholders who submit a
complete claim file including all necessary supporting evidence by
Monday 31 December 2018 at the latest will be entitled to
early distribution of 70% of their compensation.
As a result of the publication of
the notice of the binding declaration on 27 July 2018, the opt-out
period of five (5) months as determined by the Court ends on Monday
31 December 2018. The notice will set out how, and by when,
Eligible Shareholders who do not wish to be bound by the Fortis
settlement can opt out during this period. Ageas reserves the right
to terminate the Fortis settlement in the event opt-out notices
represent an amount exceeding 5% of the settlement amount of
EUR 1.3 billion.
For all relevant information about
the settlement and any updates on timing, please refer to the
dedicated website FORsettlement.com. Any questions regarding this
settlement may also be sent to:
forsettlement@computershare.com.
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, 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 50,000 people and
reported annual inflows close to EUR 34 billion in 2017 (all
figures at 100%).
Pdf version of the press
release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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