Ageas And Blackrock: Transparency Notification| MENAFN.COM

Thursday, 09 February 2023 03:36 GMT

Ageas And Blackrock: Transparency Notification


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Ageas and BlackRock: Transparency notification

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 30 November 2022 that, on 29 November 2022, its interest has crossed the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 6.48%.

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
29 November 2022

Threshold that is crossed (in %)
5%

Denominator
189,731,187

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

Additional information
The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. went below 5%.

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 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 about 40,000 people and reported annual inflows close to EUR 40 billion in 2021 (all figures at 100%).

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