Regulated information, inside information, Leuven, 7 march 2019 (after trading)
KBC Ancora has extended 143 million euro of the 175 million euro financial debt, due at the end of May 2019, for a period of 5 years. The expected interest charges will decrease by 0.7 million euro on an annual basis.
KBC Ancora's financial debt amounts to 375 million euros and has repayment dates in 2019 (175 million euros), 2022 (100 million euros) and 2027 (100 million euros).
Of the 175 million euro financial debt, due on 31 May 2019, an amount of 143 million euros will be extended for a period of 5 years (until the end of May 2024) at a fixed interest rate. The difference is repaid on the due date by means of accumulated cash. This transaction will reduce KBC Ancora's interest expenses by 0.7 million euro on an annual basis.
After this rearrangement, the long-term financial debt of KBC Ancora amounts to 343 million euro, with maturity dates in 2022 (100 million euros), 2024 (143 million euros) and 2027 (100 million euros).
The long-term debt is secured by the existing collateral package.
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KBC Ancora is a listed company which holds 18.6% of the shares in KBC Group and which together with Cera, MRBB and the Other Permanent Shareholders is responsible for the shareholder stability and further development of the KBC group. As core shareholders of KBC Group, these parties have signed a shareholder agreement to this effect.
Financial calendar:
24 May 2019 (17.40 CEST) Announcement of amount and payment date of interim dividend
30 August 2019 Annual press release for the financial year 2018/2019
24 September 2019 (17.40 CEST) Annual Report 2018/2019 available
25 October 2019 General Meeting of Shareholders
This press release is available in Dutch, French and English on the website www.kbcancora.be.
KBC Ancora Investor Relations & Press contact: Jan Bergmans
Tel.: +32 (0)16 279672
E-mail: jan.bergmans@kbcancora.be or mailbox@kbcancora.be
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