Ageas: new share buyback program decided

(CercleFinance.com) - Ageas has announced its Board of Directors' decision to implement a new share buyback program for its outstanding ordinary shares, which totals 200 million euros.


The Belgian insurance company will launch this program on 13 August for a period ending on 2 August 2019. For this purpose, it has commissioned an independent broker to execute the program on its behalf through purchases on the market via Euronext Brussels.

The repurchased shares will be held as treasury shares. Ageas will propose their cancellation to shareholders, subject to compliance with the number of shares necessary to cover share plans granted to senior management.



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