AI Terminal
ageas SA/NV
Major Shareholding Notification • Mar 30, 2020
3905_mrq_2020-03-30_f1324702-386b-4365-951b-20084b3dfb05.pdf
Major Shareholding Notification
Open in ViewerOpens in native device viewer
PRESS RELEASE
Brussels, 30 March 2020 – 17:45 (CET)
Ageas and BlackRock: Transparency notification
In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 27 March 2020 that, on 25 March 2020, its interest has exceeded the legal threshold of 5% of the shares in the section 10A issued by Ageas. Its current total shareholding stands at 5.21%.
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 25 March 2020
Threshold that is crossed (in %) 5% shares
Denominator 198,374,327
Notified details See annex 1b
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 voting rights attached to shares for BlackRock, Inc. (section 10A) going above 5%.
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.
REGULATED INFORMATION
EURONEXT BRUSSELS Ticker: AGS ISIN: BE0974264930
MEDIA CONTACT +32 (0)2 557 57 36
INVESTOR RELATIONS +32 (0)2 557 57 32
Ageas Rue du Marquis 1 1000 Brussels - Belgium www.ageas.com
@AgeasGroup
ANNEX 1a
| Name | Address (for legal entities) |
|---|---|
| BlackRock, Inc. | 55 East 52nd Street, New York, NY, 10055, U.S.A. |
| BlackRock (Netherlands) B.V. | Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands |
| BlackRock (Singapore) Limited | 20 Anson Road #18-01, Singapore, 79912, Singapore |
| BlackRock Advisors (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Advisors, LLC | 55 East 52nd Street, New York, NY, 10055, U.S.A. |
| BlackRock Asset Management Canada Limited | 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada |
| BlackRock Asset Management Deutschland AG | Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany |
| BlackRock Asset Management North Asia Limited | 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong |
| BlackRock Financial Management, Inc. | 55 East 52nd Street, New York, NY, 10055, U.S.A. |
| BlackRock Fund Advisors | 400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Institutional Trust Company, National Association |
400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock International Limited | Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K. |
| BlackRock Investment Management (Australia) Limited |
Level 26, 101 Collins Street, Melbourne, VIC 3000, Australia |
| BlackRock Investment Management (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Investment Management, LLC | 1 University Square Drive, Princeton, NJ, 8540, U.S.A. |
| BlackRock Japan Co., Ltd. | 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan |
ANNEX 1b
| A) Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | |||
| Holders of voting rights | Linked to securities | Not linked to the securities |
Linked to securities |
Not linked to the securities |
|
| BlackRock, Inc. | 0 | 0 | 0.00% | ||
| BlackRock (Netherlands) B.V. | 23,292 | 23,292 | 0.01% | ||
| BlackRock (Singapore) Limited | 8,563 | 8,563 | 0.00% | ||
| BlackRock Advisors (UK) Limited | 1,873,793 | 2,041,715 | 1.03% | ||
| BlackRock Advisors, LLC | 90,269 | 90,269 | 0.05% | ||
| BlackRock Asset Management Canada Limited |
143,573 | 143,573 | 0.07% | ||
| BlackRock Asset Management Deutschland AG |
290,278 | 300,562 | 0.15% | ||
| BlackRock Asset Management North Asia Limited |
27,781 | 27,781 | 0.01% | ||
| BlackRock Financial Management, Inc. |
55,117 | 52,061 | 0.03% | ||
| BlackRock Fund Advisors | 3,087,215 | 3,090,315 | 1.56% | ||
| BlackRock Institutional Trust Company, National Association |
3,015,719 | 3,030,317 | 1.53% | ||
| BlackRock International Limited | 3,573 | 3,573 | 0.00% | ||
| BlackRock Investment Management (Australia) Limited |
75,381 | 75,381 | 0.04% | ||
| BlackRock Investment Management (UK) Limited |
402,523 | 402,219 | 0.20% | ||
| BlackRock Investment Management, LLC |
535,219 | 529,037 | 0.27% | ||
| BlackRock Japan Co., Ltd. | 162,622 | 188,722 | 0.10% | ||
| Subtotal | 9,794,918 | 10,007,380 | 5.04% | ||
| TOTAL | 10,007,380 | 0 | 5.04% | 0.00% |
| B) Equivalent financial instruments | After the transaction | |||||
|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument | Expiration date Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights | Settlement | |
| BlackRock Advisors (UK) Limited | Securities Lent | 19,829 | 0.01% | physical | ||
| BlackRock Investment Management (UK) Limited |
Securities Lent | 17,338 | 0.01% | physical | ||
| BlackRock Advisors, LLC | Contract for Difference | 28,566 | 0.01% | cash | ||
| BlackRock Institutional Trust Company, National Association |
Contract for Difference | 44,559 | 0.02% | cash | ||
| BlackRock Investment Management (UK) Limited |
Contract for Difference | 1,078 | 0.00% | cash | ||
| BlackRock Investment Management, LLC |
Contract for Difference | 226,017 | 0.11% | cash | ||
| TOTAL | 337,387 | 0.17% |
| TOTAL (A & B) | # of voting rights % of voting rights | ||
|---|---|---|---|
| CALCULATE | 10,344,767 | 5.21% |
In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 25 March 2020 that, on 24 March 2020, its interest has fallen below the legal threshold of 5% of the shares in the section 10A issued by Ageas. Its current total shareholding stands at 5.10%.
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 1c
Date on which the threshold is crossed 24 March 2020
Threshold that is crossed (in %) 5% shares
Denominator 198,374,327
Notified details See annex 1d
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 voting rights attached to shares for BlackRock, Inc. (section 10A) going below 5%.
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.
ANNEX 1c
| Name | Address (for legal entities) |
|---|---|
| BlackRock, Inc. | 55 East 52nd Street, New York, NY, 10055, U.S.A. |
| BlackRock (Netherlands) B.V. | Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands |
| BlackRock (Singapore) Limited | 20 Anson Road #18-01, Singapore, 79912, Singapore |
| BlackRock Advisors (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Advisors, LLC | 55 East 52nd Street, New York, NY, 10055, U.S.A. |
| BlackRock Asset Management Canada Limited | 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada |
| BlackRock Asset Management Deutschland AG | Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany |
| BlackRock Asset Management North Asia Limited | 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong |
| BlackRock Financial Management, Inc. | 55 East 52nd Street, New York, NY, 10055, U.S.A. |
| BlackRock Fund Advisors | 400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Institutional Trust Company, National Association |
400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock International Limited | Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K. |
| BlackRock Investment Management (Australia) Limited |
Level 26, 101 Collins Street, Melbourne, VIC 3000, Australia |
| BlackRock Investment Management (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Investment Management, LLC | 1 University Square Drive, Princeton, NJ, 8540, U.S.A. |
| BlackRock Japan Co., Ltd. | 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan |
ANNEX 1d
| A) Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | |||
| Holders of voting rights | Linked to securities | Not linked to the securities |
Linked to securities |
Not linked to the securities |
|
| BlackRock (Netherlands) B.V. | 23,292 | 23,292 | 0.01% | ||
| BlackRock (Singapore) Limited | 8,563 | 8,563 | 0.00% | ||
| BlackRock Advisors (UK) Limited | 1,908,401 | 1,873,793 | 0.94% | ||
| BlackRock Advisors, LLC | 110,377 | 90,269 | 0.05% | ||
| BlackRock Asset Management Canada Limited |
143,845 | 143,573 | 0.07% | ||
| BlackRock Asset Management Deutschland AG |
308,255 | 290,278 | 0.15% | ||
| BlackRock Asset Management North Asia Limited |
27,155 | 27,781 | 0.01% | ||
| BlackRock Financial Management, Inc. |
96,703 | 55,117 | 0.03% | ||
| BlackRock Fund Advisors | 3,140,821 | 3,087,215 | 1.56% | ||
| BlackRock Institutional Trust Company, National Association |
2,937,800 | 3,015,719 | 1.52% | ||
| BlackRock International Limited | 3,819 | 3,573 | 0.00% | ||
| BlackRock Investment Management (Australia) Limited |
73,593 | 75,381 | 0.04% | ||
| BlackRock Investment Management (UK) Limited |
428,776 | 402,523 | 0.20% | ||
| BlackRock Investment Management, LLC |
629,341 | 535,219 | 0.27% | ||
| BlackRock Japan Co., Ltd. | 169,075 | 162,622 | 0.08% | ||
| Subtotal | 10,009,816 | 9,794,918 | 4.94% | ||
| TOTAL | 9,794,918 | 0 | 4.94% | 0.00% |
| B) Equivalent financial instruments | After the transaction | |||||
|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument | Expiration date Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights | Settlement | |
| BlackRock Advisors (UK) Limited | Securities Lent | 19,829 | 0.01% | physical | ||
| BlackRock Investment Management (UK) Limited |
Securities Lent | 17,338 | 0.01% | physical | ||
| BlackRock Advisors, LLC | Contract for Difference | 28,566 | 0.01% | cash | ||
| BlackRock Institutional Trust Company, National Association |
Contract for Difference | 32,521 | 0.02% | cash | ||
| BlackRock Investment Management (UK) Limited |
Contract for Difference | 1,078 | 0.00% | cash | ||
| BlackRock Investment Management, LLC |
Contract for Difference | 226,017 | 0.11% | cash | ||
| TOTAL | 325,349 | 0.16% |
| TOTAL (A & B) | # of voting rights % of voting rights | ||
|---|---|---|---|
| CALCULATE | 10,120,267 | 5.10% |
This press release and the notifications received by Ageas are available on the website.
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, 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 45,000 people and reported annual inflows of over EUR 34 billion in 2018 (all figures at 100%).