KBC Ancora reduces interest charges by 0.6 million euro on an annual basis
16 Ottobre 2020 - 05:40PM
KBC Ancora reduces interest charges by 0.6 million euro on an
annual basis
Regulated Information, Inside information, Leuven, 16 October
2020 (17.40 CEST)
KBC Ancora reduces interest charges by
0.6 million euro on an annual basis
On an existing loan of 100 million euro,
which runs until May 2027, KBC Ancora has reduced its interest
charges by 0.6 million euro on an annual basis. Over the total term
of this loan, the reduction in interest charges amounts to 4.2
million euro. In this context 10 million additional KBC Group
shares have been pledged.
KBC Ancora’s financial debt amounts to 343
million euros and has repayment dates in May 2020 (100 million
euro), in May 2024 (143 million euro) and in May 2027 (100 million
euro). A pledge was granted on a total of 25,7 million KBC Group
shares.
The interest rate for the existing (bullet) loan
of 100 million euro, which runs until May 2027, has been revised
downwards with effect as of the end of May 2020. This transaction
will reduce KBC Ancora’s interest charges by 0.65 million euros for
the current financial year. In subsequent years, the reduction in
the interest charges amounts to 0.6 million euro on an annual
basis. Over the total term of this loan, the reduction in interest
charges amounts to 4.2 million euros.
In the context of this interest rate revision,
10 million additional KBC Group shares were pledged. This brings
the total number of pledged KBC Group shares to 35.7 million. KBC
Ancora holds a total of 77.5 million KBC Group shares.
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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:30 October
2020
Ordinary and Extraordinary General Meeting of Shareholders29
January
2021
Interim financial report (1H) 27 August
2021
Annual press release for the financial year 2020/2021
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 72e-mail: jan.bergmans@kbcancora.be
of mailbox@kbcancora.be
Grafico Azioni KBC Ancora (EU:KBCA)
Storico
Da Feb 2024 a Mar 2024
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Da Mar 2023 a Mar 2024