Ageas: share buyback program now complete.
(CercleFinance.com) - Ageas has now finished its share buyback program and will cancel all the shares that it has bought, the Belgian insurance group said on Tuesday.
As part of the plan announced in August 2016, Ageas has bought back over seven million shares, representing 3.3% of total shares outstanding and totalling 250 million euros.
The shares that were bought back up until 31 December 2016 have already been cancelled, and Ageas plans to propose at the next shareholders meeting the cancellation of all the shares that were bought.
Together with other treasury stock held by the firm, it now owns a total of 4% of outstanding shares.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
As part of the plan announced in August 2016, Ageas has bought back over seven million shares, representing 3.3% of total shares outstanding and totalling 250 million euros.
The shares that were bought back up until 31 December 2016 have already been cancelled, and Ageas plans to propose at the next shareholders meeting the cancellation of all the shares that were bought.
Together with other treasury stock held by the firm, it now owns a total of 4% of outstanding shares.
Copyright (c) 2017 CercleFinance.com. All rights reserved.