KBC Ancora announces the start of a 50 million euro share repurchase program on 10 June 2022
20 Maggio 2022 - 5:50PM
KBC Ancora announces the start of a 50 million euro share
repurchase program on 10 June 2022
Regulated information, inside information, Leuven, 20 May 2022
(17:40 CEST)
KBC Ancora announces the start of a 50
million euro share repurchase
program on 10
June 2022
In its press release of 11 February 2022, KBC
Ancora announced that the Board of Directors of Almancora Société
de gestion, the statutory director of KBC Ancora, intended to
proceed with a share repurchase program for an amount of 50 million
euros.
Today, KBC Ancora announces that this 50 million
euro share repurchase program will start on 10 June 2022.
The aim of the share repurchase program is to
reduce the number of outstanding shares entitled to dividends. The
shares repurchased will initially be held as treasury shares.
KBC Ancora will report on the progress of the
repurchase program on a weekly basis in the form of press
releases.
The repurchase program will be implemented in
accordance with the applicable regulations. KBC Ancora will mandate
a broker to execute the program by means of purchases in the
central order book of Euronext Brussels.
The share repurchase program will run within the
limits of the share repurchase authorization granted by the
Extraordinary General Meeting of Shareholders on 30 October
2020.
---------------------------------
KBC Ancora is a listed company
that holds 18.6% of the shares in KBC Group. Together with Cera,
MRBB and the Other Permanent Shareholders, it ensures shareholder
stability and the ongoing development of the KBC Group. As core
shareholders of KBC Group, they have concluded a shareholders’
agreement to this end.
Financial calendar:26 August
2022 Annual
press release for the financial year 2021/202227 September
2022 Annual
Report financial year 2021/2022 available28 October
2022 General
Meeting of Shareholders
This press release is available in Dutch, French
and English on the website www.kbcancora.be.
KBC Ancora Investor Relations & Press contact: Jan
BergmansTel. +32 (0)16 27 96 72email: jan.bergmans@kbcancora.be or
mailbox@kbcancora.be
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