AI assistant
KBC Ancora SA — Capital/Financing Update 2013
Jul 3, 2013
3969_iss_2013-07-03_b3fdf937-d31d-4794-bfc5-916693c08ca2.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Press release Regulated information 3 July 2013 (before trading hours) Inside Information
Regulated information, Leuven, 3 July 2013 (before trading hours)
New lender for KBC Ancora
KBC Ancora has a new lender for loans that had been extended in the past by KBC Bank NV.
In 2007, KBC Ancora bought shares in KBC Group NV in the context of the split of its own shares and – in collaboration with Cera – with a view to exceeding the 30% threshold in KBC Group NV under the Act of 1 April 2007 on public takeover bids, which entered into force on 1 September 2007. To facilitate this, KBC Ancora borrowed funds in 2007.
KBC Ancora now has a new provider of credit for 325 million euros borrowed from KBC Bank NV at that time.
The conditions governing the terms and interest rates applying to these loans remain unchanged. The total amount borrowed is 325 million euros with loans maturing in 2017 (175 million euros), 2022 (50 million euros) and 2027 (100 million euros). Collateral security has been provided.
Since the loans in question are no longer provided by KBC Bank NV, this has had a positive impact on the capital position of KBC. KBC Ancora holds 82 216 380 shares in KBC Group NV.
KBC Ancora a listed company holding almost 20% of the shares in KBC Group NV. Together with Cera, MRBB and the Other Permanent Shareholders, the company ensures shareholder stability and supports the continued development of the KBC group. As core shareholders of KBC Group NV, these entities have signed a shareholder agreement to this effect.
Financial calendar:
30 August 2013 Annual press release 25 October 2013 General Meeting of Shareholders
This press release is available in Dutch, French and English at www.kbcancora.be.
KBC Ancora Investor Relations & Press Contact: Jan Bergmans tel.: +32 (0)16 27 96 72 fax: +32 (0)16 27 96 94 e-mail: [email protected]