Market Overview

Ageas reports on the progress of share buy-back programme (updated version)


Further to the initiation of the share buy-back programme announced on 6 August 2012, Ageas reports the purchase of 224,504 Ageas shares (and not 5,121,075 as mentioned in the press release of 7 January) on NYSE Euronext Brussels in the period from 31 December 2012 to 4 January 2013.

Date Number of shares Total amount (EUR) Average price (EUR) Lowest price (EUR) Highest price (EUR)
31/12/2012 74,504 1,642,195 22.04 21.91 22.30
2/01/2013 50,000 1,145,245 22.90 22.63 23.08
3/01/2013 50,000 1,169,565 23.39 22.98 23.50
4/01/2013 50,000 1,164,070 23.28 23.10 23.45
Total 224,504 5,121,075 22.81 21.91 23.50

Since the start of the share buy-back programme on 13 August 2012, Ageas has bought back 7,206,442 shares for a total amount of EUR 140,498,108. This corresponds to 2.96% of the total shares outstanding.

The overview relating to the share buy-back programme is available on:

Ageas is an international insurance group 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 fourth 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.

+32 (0)2 557 57 37 / +32 (0)479 79 50 02

+32 (0)2 557 57 33
+31 (0)30 252 53 05

Rue du Marquis 1 - 1000 Brussels - Belgium

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Ageas via Thomson Reuters ONE


View Comments and Join the Discussion!