Utrecht Court gives decision on proceedings brought by Fortis shareholders
(Thomson Reuters ONE) -
The Utrecht Court has today announced its decision in first instance on the
proceedings instituted by certain Fortis shareholders. These shareholders claim
to have suffered a loss as a consequence of misleading information allegedly
provided by the then Fortis group in the course of 2008.
The Court has decided that Fortis and two co-defendants, the former CEO and the
former chief financial officer, did publish misleading information, albeit
confined to the period between 22 May and 26 June 2008.
On the other hand, the Court has ruled that it must be decided in separate
proceedings whether the shareholders concerned did actually suffer a loss as a
consequence and, if so, the amount of this loss.
The claims against the former chairman of the board of directors were dismissed.
The full text of the decision can be viewed on www.rechtspraak.nl.
Ageas regrets this judgement and will lodge an appeal against it with a view to
protecting the interests of its stakeholders.
Ageas is an international insurance company with a heritage spanning more than
180 years. Ranked among the top 20 insurance companies in Europe, Ageas has
chosen to concentrate its business activities in Europe and Asia, which together
make up the largest share of the global insurance market. These are grouped
around four segments: Belgium, United Kingdom, Continental Europe and Asia and
served through a combination of wholly owned subsidiaries and partnerships with
strong financial institutions and key distributors around the world. Ageas
operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal,
Turkey, China, Malaysia, India and Thailand and has subsidiaries in France,
Germany, Hong Kong and UK. It is the market leader in Belgium for individual
life and employee benefits, as well as a leading non-life player, through AG
Insurance, and in the UK, it has a strong presence as the third largest player
in private car insurance and the over 50's market. It employs more than 13,000
people and has annual inflows of almost EUR 18 billion.
MEDIA CONTACT
+32 (0)2 557 57 37 / +32 (0) 479 79 50 02
INVESTOR RELATIONS
Brussels
+32 (0)2 557 57 33
Utrecht
+31 (0)30 252 53 05
Ageas
Rue du Marquis 1 - 1000 Brussels - Belgium
Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
www.ageas.com
Pdf version press release:
http://hugin.info/134212/R/1586022/496932.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ageas via Thomson Reuters ONE
[HUG#1586022]
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Datum: 15.02.2012 - 08:15 Uhr
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