Ageas and BNP Paribas: Transparency notification
27 Noviembre 2024 - 10:40AM
UK Regulatory
Ageas and BNP Paribas: Transparency notification
Ageas and BNP Paribas: Transparency
notification
In accordance with the rules on financial
transparency*, BNP Paribas has notified Ageas on 22 November 2024
that, on 21 November 2024, the interest of its subsidiary BNP
Paribas Cardif S.A. has exceeded the legal threshold of 10% of the
shares issued by Ageas. BNP Paribas current shareholding stands at
11.86%.
Reason for the notification
Acquisition or disposal of voting securities or voting rights
Notification by
A parent undertaking or a controlling person
Persons subject to the notification
requirement
See annex 1a
Date on which the threshold is crossed
21 November 2024
Threshold that is crossed (in %)
10%
Denominator
187,971,187
Notified details
See annex 1 b
Chain of controlled undertakings through which
the holding is effectively held, if applicable
The full chain of command can be found on
https://www.ageas.com/investors/shareholders
Additional information
This transparency notification is intended to declare that BNP
Paribas Cardif S.A. has crossed the 10% threshold upwards. The
3,473,271 shares (1.85%) in the capital of Ageas held by BNP
Paribas Fortis SA/NV are pledged to the benefit of holders of the
"CASHES" (bonds exchangeable for Ageas shares) as security for BNP
Paribas Fortis SA/NV's obligation to deliver such shares to holders
of CASHES upon the exercise of their right of exchange against
Ageas shares pursuant to the terms and conditions of such
instruments. The voting rights associated with these Ageas shares
are suspended. In accordance with Article 10, §4 of the Law of May
2, 2007 on the disclosure of major shareholdings in issuers whose
shares are admitted to trading on a regulated market, voting rights
held in trading books are not taken into account in this
transparency notification.
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 a listed international
insurance Group with a heritage spanning 200 years. It offers
Retail and Business customers Life and Non-Life insurance products
designed to suit their specific needs, today and tomorrow, and is
also engaged in reinsurance activities. 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, Portugal, Türkiye, 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 about 50,000
people and reported annual inflows of EUR 17.1 billion in 2023.
- Read the full press release
Ageas SA NV (BIT:AGS)
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