The Vanguard Group, Inc. Announces Increased Stake in Ageas SA/NV

The Vanguard Group, Inc. has disclosed its latest financial position in Ageas SA/NV, showcasing a strategic increase in ownership. As of March 15, 2024, The Vanguard Group has accumulated a total of 6,508,426 ordinary shares, representing a 3.46% stake in the insurance firm. This move is part of the group's active financial portfolio management under the regulations of the Takeover Code, emphasizing interests in relevant securities amounting to 1% or more.

In addition to its holdings in Ageas SA/NV, The Vanguard Group also declared its dealings with Direct Line Insurance Group plc, indicating a broader interest in the insurance sector. Detailed transactions over the period include purchases and sales of Ageas’s ordinary shares, with significant activity noted. Purchases were made at prices ranging from 39.90 EUR to 39.94 EUR per share, and sales were reported at 39.90 EUR per unit, illustrating active market engagement.

The disclosure did not report any indemnities, option arrangements, or agreements aimed at influencing dealings, underscoring a straightforward financial interest in Ageas SA/NV without additional strategic or voting rights arrangements. This announcement offers a clear view of The Vanguard Group's current involvement in the insurance sector, specifically its vested interest in Ageas SA/NV.