KBC GROUPE NV Press release
Outside trading hours - Regulated information*
Brussels, 17 May 2018 (7.10 a.m. CEST)
KBC Group NV announces start of share buyback programme
KBC Group NV is set to launch a share buyback programme for the purpose of cancelling the shares. An agent has been mandated to purchase up to 2 700 000 own shares on behalf of KBC Group NV on NYSE Euronext Brussels' regulated market, from 22 May 2018 until 30 September 2018, for a maximum amount of 220 million euros.
The shares will be bought back under the conditions specified in the authorisation granted by the Extraordinary General Meeting of 3 May 2018. Under it, the Board of Directors is authorised to repurchase 2 700 000 own shares under certain conditions, at a price that may not be lower than 1 euro or higher than 110% of the last closing price on Euronext Brussels prior to the date of acquisition.
The timing of share repurchases under this programme depends on a variety of factors, including market conditions.
During the course of the programme, the company will regularly inform the market about the purchased shares in accordance with the applicable regulations.
| * This news item contains information that is subject to the transparency regulations for listed companies. | ||
| KBC Group NV Havenlaan 2 - 1080 Brussels Viviane Huybrecht General Manager of Corporate Communication/ KBC Group Spokesperson Tel.: + 32 2 429 85 45 | Press Office Tel.: + 32 2 429 65 01 (Stef Leunens) Tel.: + 32 2 429 29 15 (Ilse De Muyer) E-mail: pressofficekbc@kbc.be Check this document's authenticity at www.kbc.com/en/authenticity | KBC press releases are available at www.kbc.com Follow us on www.twitter.com/kbc_group Stay up-to-date on all innovative solutions at www.kbc.com/innovation. |
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Source: KBC Groep via Globenewswire
