23.04.2024 17:40:07 - dpa-AFX: GNW-Adhoc: Ageas and Fosun: Transparency notification
Ageas and Fosun: Transparency notification
In accordance with the rules on financial transparency*, Fosun has notified
Ageas on 22 April 2024 that, on 19 April 2024, its interest has fallen below the
legal threshold of 5% of the shares issued by Ageas. Its current shareholding
stands at 4.64%.
Reason for the notification
Acquisition or disposal of voting securities or voting rights
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 April 2024
Threshold that is crossed (in %)
5%
Denominator
187,971,187
Notified details
See annex 1b.
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
Additional information
Mr. Guo Guangchang controls Fosun International Holdings Ltd., which controls
Fosun Holdings Limited, which controls Fosun International Limited, which
controls Fosun Financial Holdings Limited, which controls Millennium Gain
Limited, which controls Longrun Portugal, SGSP, which controls Fidelidade -
Companhia de Seguros.
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major
holdings us provisions.
This press release (http://www.ageas.com/en/media-centre) and the notifications
received by Ageas are available on the website
(http://ageas.com/en/investors/shareholders-structure).
Ageas is a listed international insurance Group with a heritage spanning 200
years. It offers Retail and Business customers Life and Non-Life insurance
products designed to suit their specific needs, today and tomorrow, and is also
engaged in reinsurance activities. 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, Portugal, Türkiye, 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
about 50,000 people and reported annual inflows of EUR 17.1 billion in 2023.
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