Vanguard Reports Increased Stake in Ageas SA/NV

The Vanguard Group, Inc. disclosed on 11 March 2024 that it has increased its ownership in Ageas SA/NV, reaching a total of 3.44% of the company's shares. This disclosure falls under Form 8.3, indicating that Vanguard now controls interests and short positions in relevant securities representing 1% or more of Ageas SA/NV. This move comes amid broader market interest in the company and follows recent transactions in Ageas's ordinary shares.

The detailed disclosure revealed that Vanguard's current holding consists of 6,465,748 shares. Additionally, the disclosure highlighted purchases made on 08 March 2024, with 1,080 shares bought at 38.84 EUR and 169 shares at 38.91 EUR. These transactions underscore Vanguard's increased stake and confidence in Ageas SA/NV.

Vanguard also disclosed its positions in Direct Line Insurance Group plc, illustrating its active engagement in the insurance sector. No cash-settled derivatives or stock-settled derivatives were reported in this disclosure, emphasizing a straightforward increase in Vanguard's equity stake in Ageas SA/NV.

The disclosure specifies no agreements, arrangements, or understanding related to the voting rights of relevant securities, indicating a clear financial investment without intentions for immediate active corporate governance roles.