Ageas completes its 2018-2019 share buy-back programme
August 05 2019 - 11:40AM
Ageas completes its 2018-2019 share buy-back programme
Ageas completed on Friday 2 August 2019
the share buy-back programme announced on 8 August 2018. Between 13
August 2018 and 2 August 2019, Ageas has bought back 4,501,516
shares corresponding to 2.27% of the total shares outstanding and
totalling EUR 200 million.
The 1,943,077 shares bought back until 31
December 2018 within the 2018-2019 programme, were cancelled
following the decision of the General meeting of shareholders held
on 15 May 2019. Ageas currently holds the 2,486,706 shares bought
back since 31 December 2018 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 3.28% 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 29-07-2019
until 02-08-2019 are the following:
Date |
Number ofShares |
Total amount(EUR) |
Average price(EUR) |
Lowest price(EUR) |
Highest price(EUR) |
29-07-2019 |
40,000 |
1,951,880 |
48.80 |
48.62 |
48.89 |
30-07-2019 |
30,000 |
1,450,386 |
48.35 |
48.01 |
48.78 |
31-07-2019 |
25,000 |
1,214,723 |
48.59 |
48.42 |
48.73 |
01-08-2019 |
21,000 |
1,023,899 |
48.76 |
48.56 |
48.87 |
02-08-2019 |
20,329 |
974,336 |
47.93 |
47.73 |
48.13 |
Total |
136,329 |
6,615,224 |
48.52 |
47.73 |
48.89 |
Ageas is a listed international
insurance Group with a heritage spanning almost 200 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, 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 45,000 people and reported annual inflows of
over EUR 34 billion in 2018 (all figures at 100%).
- Pdf version of the press release
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