Following the cancellation of the shares bought back during the buy-back programme launched in August 2011, the total number of issued shares (the 'denominator') has fallen to 2,431,212,726.
At the end of January Ageas completed its share buy-back programme for a total amount of EUR 250 million, representing 192,168,091 shares. The General Meetings of Shareholders already approved at the end of April 2012 the cancellation of these shares but the Dutch law allows for a 2 month period of objection. As this period is now at an end, the shares have been cancelled, and as a result, the total amount of issued shares is reduced to 2,431,212,726. As from today, this number will be used to calculate percentage shareholdings.
As a further consequence, and in accordance with the rules on financial transparency, Ageas confirms that its interest fell below the threshold of 3% on 29 June 2012.
The transparency information is available on the Ageas website under "Investor relations - The share - Transparency requirements" (http://www.ageas.com/en/Pages/transparency_requirements.aspx (http://www.ageas.com/en/Pages/transparency_requirements.aspx)).
Ageas is an international insurance company with a heritage spanning more than 180 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, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and UK. It is the market leader in Belgium for individual life and employee benefits, as well as a leading non-life player, through AG Insurance, and in the UK, it has a strong presence as the third largest player in private car insurance and the over 50's market. It employs more than 13,000 people and has annual inflows of more than EUR 17 billion.
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Pdf version press release (http://hugin.info/134212/R/1622732/518634.pdf)
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Source: Ageas via Thomson Reuters ONE