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KBC Ancora SA — Capital/Financing Update 2015
Aug 28, 2015
3969_iss_2015-08-28_3580d5d5-d3d5-46b9-817a-ded4ba034843.pdf
Capital/Financing Update
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Press Release Regulated information 28 August 2015 (17.40 hrs CEST) Inside Information
Regulated information, Leuven, 28 August 2015 (17.40 CEST)
KBC Ancora rearranges debt and limits interest charges
KBC Ancora has extended a long-term financial liability, which was due for repayment in 2017 (EUR 175 million), by an additional period of two years. The interest charges in the financial years 2017/18 and 2018/19 are expected to reduce as a result by approximately EUR 3.5 million per year.
KBC Ancora's long-term financial liabilities amount to a total of EUR 375 million and had repayment dates in 2017 (EUR 175 million), 2022 (EUR 100 million) and 2027 (EUR 100 million).
KBC Ancora has extended the term of its financial liability due for repayment on 15 May 2017 (EUR 175 million) by an additional period of two years, until 31 May 2019. The interest rate applying for this extension has also been reduced. As a result, the interest payable on these long-term liabilities is expected to reduce by approximately EUR 3.5 million per annum in the financial years 2017/18 and 2018/19 compared with the current interest charges. The long-term liabilities are secured by the existing collateral package.
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:
29 September 2015 Annual Report 2014/2015 available and convocation to Annual General Meeting of Shareholders 30 October 2015 Annual General Meeting of Shareholders 29 January 2016 Interim financial report (1H) 26 August 2016 Annual press release for the financial year 2015/2016
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: [email protected] or [email protected]