Ageas completes its 2017-2018 share buy-back programme
06 August 2018 - 5:40PM
Ageas completed
on Friday 3 August 2018 the share buy-back programme announced on 9
August 2017. Between 21 August 2017 and 3 August 2018, Ageas has
bought back 4,772,699 shares corresponding to 2.35% of the total
shares outstanding and totalling EUR 200 million.
The 1,924,024 shares bought back
until 31 December 2017 within the 2017-2018 programme, were
cancelled following the decision of the General meeting of
shareholders held on 16 May 2018. Ageas currently holds the
2,704,795 shares bought back since 31 December 2017 as treasury
shares, taking into account deducted shares used for senior
management share-plans. Together with other treasury shares held by
Ageas, the total number of shares now owned amounts to 3.29% 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 30-07-2018 until 03-08-2018 are the following:
Date |
Number of
Shares |
Total amount
(EUR) |
Average price
(EUR) |
Lowest price
(EUR) |
Highest price
(EUR) |
30-07-2018 |
30,000 |
1,376,457 |
45.88 |
45.74 |
46.04 |
31-07-2018 |
28,000 |
1,293,253 |
46.19 |
45.94 |
46.44 |
01-08-2018 |
30,000 |
1,382,862 |
46.10 |
45.82 |
46.32 |
02-08-2018 |
30,446 |
1,381,603 |
45.38 |
45.16 |
45.50 |
03-08-2018 |
4,383 |
199,791 |
45.58 |
45.49 |
45.60 |
Total |
122,829 |
5,633,966 |
45.87 |
45.16 |
46.44 |
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 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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