KBC Group NV announces start of share buyback programme
Outside trading hours – Regulated information*
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.
