In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 22 November 2018 that, on 21 November 2018, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 5.03%.
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 2018
Threshold that is crossed (in %)
5% shares
Denominator
203,022,199
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
The disclosure obligation arose due to total holdings in voting rights for BlackRock, Inc. going above 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 190 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, Luxembourg, 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 50,000 people and reported annual inflows close to EUR 34 billion in 2017 (all figures at 100%).
