In accordance with the rules on financial transparency*, Ageas informs that on 10 December 2015, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 5.01%. This is the result of the share buy-back programme that started on 17 August 2015.
Reason for the notification
Acquisition of voting securities or voting rights
Date on which the threshold is crossed
10 December 2015
Threshold that is crossed (in %)
5%
Denominator
223,778,433 shares
Notified details
| Voting rights | Previous notification | After the transaction | |||
| # of voting rights | # of voting rights | % of voting rights | |||
| Holders of voting rights | Linked to | Not linked to | Linked to | Not linked to | |
| securities | the securities | securities | the securities | ||
| ageas SA/NV | 2,884,066 | 7,205,065 | 3.22% | ||
| AG Insurance | 47,620 | 47,620 | 0.02% | ||
| Ageasfinlux (related to FRESH) | 3,968,254 | 3,968,254 | 1.77% | ||
| subtotal | 6,899,940 | 11,220,939 | 5.01% | ||
| TOTAL | 11,220,939 | 0 | 5.01% | 0.00% | |
Chain of controlled undertakings through which the holding is effectively held, if applicable
Ageas SA/NV fully owns Ageas Insurance International N.V. that in turn holds 75% of the share capital of AG Insurance SA/NV and 100% of Ageasfinlux S.A.
Additional information
The shares related to the FRESH do not bear dividend nor voting rights as long as they are attributed to Ageasfinlux S.A.
This press release and the notifications received by Ageas are available on the website.
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.
Ageas is an international insurance group with a heritage spanning 190 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, the Philippines and Vietnam and has subsidiaries in France, Portugal, Hong Kong and the UK. Ageas is the market leader in Belgium for individual life and employee benefits, as well as a leading Non-Life player through AG Insurance. In the UK, Ageas occupies the number 3 position in cars insured and has a strong presence in the over 50's market.Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has reported annual inflows close to EUR 26 billion in 2014.
