Friday, May 27 2022

Regulated information, Inside information, Leuven, October 16, 2020 (5:40 p.m. CEST)

KBC Ancora reduces interest charges by 0.6 million euros on an annual basis

On an existing loan of EUR 100 million, which runs until May 2027, KBC Ancora reduced its interest charges by EUR 0.6 million on an annual basis. Over the total term of this loan, the reduction in interest charges amounts to € 4.2 million. In this context, 10 million additional KBC Group shares were pledged.

KBC Ancora’s financial debt amounts to 343 million euros and has repayment deadlines in May 2020 (100 million euros), May 2024 (143 million euros) and May 2027 (100 million euros). ‘euros). A pledge was granted on a total of 25.7 million KBC Group shares.

The interest rate on the existing loan (bullet) of 100 million euros, which runs until May 2027, has been revised downwards with effect from the end of May 2020. This transaction will reduce the interest charges of KBC Ancora of 0.65 million euros for the current financial year. Over the following years, the reduction in interest charges amounts to 0.6 million euros on an annual basis. Over the total term of this loan, the reduction in interest charges amounts to € 4.2 million.

As part of this interest rate review, 10 million additional KBC Group shares were pledged. This brings the total number of KBC Group shares pledged to 35.7 million. KBC Ancora holds a total of 77.5 million KBC Group shares.

———————————

KBC Ancora is a listed company which owns 18.6% of the shares of KBC Group and which, together with Cera, MRBB and the other permanent shareholders, is responsible for the stability of the shareholders and the future development of KBC Group. As reference shareholders of KBC Group, these parties have signed a shareholders’ agreement to this effect.

Financial calendar:
October 30, 2020 Ordinary and Extraordinary General Meeting of Shareholders
January 29, 2021 Interim financial report (1H)
August 27, 2021 Annual press release for fiscal year 2020/2021

This press release is available in Dutch, French and English on the website www.kbcancora.be.

KBC Ancora press and investor relations contact: Jan Bergmans
Phone. : +32 (0) 16 27 96 72
e-mail: [email protected] or [email protected]

Previous

UPDATE 3-China's January Bank Loans Hit Record, Credit Growth Slows

Next

Sky Regional to close as Air Canada transfers E175s to Jazz Air

Check Also