Yahoo Finance Ageas and Ping An: Transparency notification
Ageas and Ping An: Transparency notification
In accordance with the rules on financial transparency*, Ping An has notified Ageas on 21 January 2022 that, on 19 January 2022, its interest has fallen below the statutory threshold of 3% of the shares issued by Ageas. Its current shareholding stands at 0%.
Reason for the notification
Acquisition or disposal of voting securities or voting rights
Downward crossing of the lowest threshold
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
19 January 2022
Threshold that is crossed (in %)
3%
Denominator
191,033,128
Notified details
See annex 1 b
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
This press release and the notifications received by Ageas are available on the website.
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.
Ageas is a listed international insurance Group with a heritage spanning almost 200 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 36 billion in 2020 (all figures at 100%).
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