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geas reports on the progress of share buy-back programme
Globenewswire· 2025-04-14 16:00
Summary of Ageas Share Buy-Back Programme Core Viewpoint - Ageas has reported the progress of its share buy-back programme initiated on 28 August 2024, detailing the purchase of 386,653 shares from 07-04-2025 to 11-04-2025 [1]. Group 1: Share Buy-Back Details - The total number of shares bought back during the specified period is 386,653, with a total expenditure of EUR 19,470,499 [2]. - The average price per share during this period was EUR 50.36, with the lowest price recorded at EUR 48.42 and the highest at EUR 53.20 [2]. - Since the start of the buy-back programme on 16 September 2024, Ageas has repurchased a total of 2,920,905 shares, amounting to EUR 144,016,633, which represents 1.55% of the total shares outstanding [2]. Group 2: Additional Information - An overview of the share buy-back programme is available on the company's website [3].
Ageas launches offering to raise €525 million through an accelerated bookbuild offering of newly issued ordinary shares
Globenewswire· 2025-04-14 15:40
Core Viewpoint - Ageas is launching an offering to raise €525 million through the issuance of new shares to finance the acquisition of esure, aiming to establish a top-3 UK personal lines platform [1] Group 1: Offering Details - Ageas is conducting a private placement of newly issued ordinary shares through an accelerated bookbuilding process [1] - The offering will raise a total of €525 million [1] - The new shares will be issued under the existing authorization granted by shareholders at the extraordinary general meeting held on 15 May 2024 [1] Group 2: Purpose of the Offering - The funds raised from the offering are intended to partly finance the acquisition of esure [1] - The acquisition aims to position Ageas among the top three personal lines platforms in the UK [1]
Ageas reaches agreement with Bain Capital to acquire esure and establish a top-3 UK personal lines platform
Globenewswire· 2025-04-14 05:00
Core Viewpoint - Ageas has reached an agreement with Bain Capital to acquire esure for GBP 1.295 billion (EUR 1.510 billion), aiming to create a top-3 personal lines insurance platform in the UK, enhancing its market presence and shareholder value through synergies and cash generation [1][2][10]. Group 1: Acquisition Details - The acquisition will allow Ageas UK to diversify its distribution strategy, particularly in the price comparison website (PCW) channel, and is projected to grow its top-line to GBP 3.25 billion (EUR 3.8 billion) by 2028 [2][4]. - Ageas UK has focused on profitable growth in personal lines over the past four years, serving over 4 million customers [3]. - esure, with over 2.1 million policies and gross written premium (GWP) of GBP 1 billion (EUR 1.2 billion) in 2024, operates a fully digital distribution model [4][17]. Group 2: Financial Implications - The transaction is expected to generate annual cost savings exceeding GBP 100 million (approximately EUR 115 million) before tax, with an unlevered return on investment of over 12% and an uplift in Return on Equity of more than 1 percentage point [8]. - Ageas will finance the acquisition through surplus cash and newly issued debt/equity, maintaining a robust capital position with a Solvency II ratio expected to decrease by only about 10 percentage points [6][7]. Group 3: Strategic Alignment - The acquisition aligns with Ageas's Elevate27 strategic priorities, focusing on high cash conversion businesses and expanding its customer reach through a multi-channel distribution model [1][10]. - The integration of Ageas UK and esure is anticipated to be completed during the Elevate27 strategic cycle, enhancing the combined entity's ability to invest in customer propositions and open new growth opportunities [8][10]. Group 4: Leadership Commentary - Ageas Group CEO Hans De Cuyper expressed enthusiasm for the acquisition, highlighting its potential to enhance competitive value propositions and market share in the UK [10]. - esure Group CEO David McMillan noted the complementary nature of the two businesses, emphasizing the combined strengths in technology and market position [11].
Ageas publishes its 2024 reports
Globenewswire· 2025-04-09 15:40
Core Insights - Ageas has published its 2024 Annual Reporting, which includes the Report of the Board of Directors, Consolidated Financial Statements, and Statutory Accounts, prepared under the Corporate Sustainability Reporting Directive and European Sustainability Reporting Standards [1][2] Company Overview - Ageas is a listed international insurance group with a 200-year heritage, offering Life and Non-Life insurance products tailored to customer needs [3] - The company operates primarily in Europe and Asia, which constitute a significant portion of the global insurance market, with successful businesses in multiple countries including Belgium, the UK, Portugal, Türkiye, China, and others [3] - Ageas employs approximately 50,000 people and reported annual inflows exceeding EUR 18.5 billion in 2024 [3]
AGS Welcomes David Jacques as Vice President of Table Games Engineering
GlobeNewswire News Room· 2025-04-02 20:15
Core Insights - AGS has appointed David Jacques as the new Vice President of Table Games Engineering, bringing extensive experience in gaming technology to the role [2][4] - Jacques will lead the Table Games Engineering team, focusing on design, product development, project engineering, and new product introductions [3][5] - His previous roles include Senior Director of Software Development at Light & Wonder and Chief Technology Officer at DEQ Systems, highlighting his strong background in product development and engineering management [4] Company Overview - AGS is a leading supplier in the global gaming industry, providing high-performing slot, table, and interactive products and services [2][7] - The company has a strong presence in the Class II Native American gaming market and aims to deliver a diverse mix of entertaining gaming experiences [7] - AGS offers a comprehensive value proposition through its Class II and Class III slot products, table products portfolio, real-money gaming platforms, and social casino solutions [7]
AGS Ignites IGA 2025 with Next-Level Slot & Table Game Innovations
Newsfilter· 2025-03-27 18:31
Core Insights - AGS is set to showcase a variety of new gaming products at the 2025 Indian Gaming Association trade show, emphasizing its commitment to enhancing the gaming experience through innovative technology [1] Product Highlights - The Spectra™ SL49+ Premium and SL75+ cabinets are designed for high-performance play, offering versatility and access to the entire Spectra game library [4] - New games introduced include Lion Cash™, So Hot Super 4 Legends™, and So Hot Super 4 Ultimate™, which enhance player engagement with vibrant visuals and multi-play experiences [4][10] - The Revel™ Mech Reel Cabinet has gained popularity, ranking 3 among mechanical reel cabinets, with its initial titles performing well in the market [5] Online Gaming Leadership - AGS has maintained its position as the 1 new overall supplier in the U.S. online gaming market for five consecutive months, showcasing its strength in this sector [10] - The company recently won the Top Performing New Online Slot Game award for 3x Ultra Diamond™, further solidifying its leadership in online gaming [10] International Expansion - AGS is expanding its reach into international markets, notably with a recent launch in Brazil, which strengthens its global footprint [10]
AGS Ignites IGA 2025 with Next-Level Slot & Table Game Innovations
Globenewswire· 2025-03-27 18:31
Core Insights - AGS is set to showcase a variety of new gaming products at the 2025 Indian Gaming Association trade show, emphasizing its commitment to enhancing the gaming experience through innovative technology and products [2][8] Product Offerings - The Spectra™ SL49+ and SL75+ cabinets are designed for high-performance play, offering versatility and access to a comprehensive game library [5] - New games introduced include Lion Cash™, So Hot Super 4 Legends™, and So Hot Super 4 Ultimate™, which enhance player engagement with vibrant visuals and multi-play experiences [5] - The Revel™ mechanical stepper cabinet has gained recognition, ranking 3 among mechanical reel cabinets, with its titles performing well in recent gaming reports [10] Online Gaming Leadership - AGS has maintained its position as the 1 new overall supplier in the U.S. online gaming market for five consecutive months, showcasing its dominance in the online gaming space [10] - The award-winning online slot game 3x Ultra Diamond™ has further solidified AGS's reputation in the online gaming industry [10] International Expansion - AGS is expanding its reach into international markets, notably with a recent launch in Brazil, which strengthens its global footprint [10]
Is PlayAGS (AGS) Outperforming Other Consumer Discretionary Stocks This Year?
ZACKS· 2025-03-27 14:40
Group 1 - PlayAGS is part of the Consumer Discretionary sector, which includes 267 individual stocks and has a Zacks Sector Rank of 11 [2] - PlayAGS currently holds a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for PlayAGS' full-year earnings has increased by 3.5% in the past quarter, reflecting improved analyst sentiment [4] Group 2 - PlayAGS has returned approximately 5.2% year-to-date, outperforming the Consumer Discretionary sector, which has an average return of -1.7% [4] - PlayAGS belongs to the Gaming industry, which consists of 40 stocks and is currently ranked 136 in the Zacks Industry Rank, with an average loss of 3.4% this year [6] - Naspers Ltd., another stock in the Consumer Discretionary sector, has a year-to-date return of 16.2% and a Zacks Rank of 1 (Strong Buy) [5]
AGS Wins 2025 USA TODAY Top Workplaces USA Award
Globenewswire· 2025-03-25 18:31
Core Insights - AGS has been recognized as a 2025 USA TODAY Top Workplaces USA Award winner, ranking in the Top 28% of companies in the 500-999 employee category, placing it among the Top 100 companies in this size category across America [3][4]. Company Recognition - The USA TODAY Top Workplaces USA Award honors organizations for their commitment to creating outstanding workplace environments that prioritize employee engagement and satisfaction [4]. - AGS' strong performance in the awards is based on authentic employee feedback collected through a confidential survey conducted by a third-party HR research and technology company [4]. Leadership Commentary - David Lopez, CEO of AGS, expressed pride in the recognition, emphasizing that the award reflects the commitment, passion, energy, and teamwork of employees across all U.S. offices [5]. - The CEO highlighted the company's focus on creating a culture where employees can thrive, grow, and be themselves, indicating that the award validates their efforts [5]. Previous Accolades - The 2025 award adds to AGS' accolades, including recognition as a Top Workplace in 2024 for Oklahoma, Las Vegas, and Atlanta, as well as the Best and Brightest Companies to Work For 2024 award both nationally and in Atlanta [5]. Employee Engagement Initiatives - AGS is dedicated to a people-first culture, focusing on employee engagement, professional development opportunities, competitive benefits, and work-life balance [6]. - These initiatives have contributed to an environment where employees are motivated and empowered to perform at their best [6]. Company Overview - AGS is a global company that provides a diverse mix of entertaining gaming experiences, with roots in the Class II Native American gaming market [7]. - The company has expanded to become a leading all-inclusive commercial gaming supplier, offering high-performing Class II and Class III slot products, an extensive table products portfolio, real-money gaming platforms, and best-in-class service [7].
ageas SA/NV organises Extraordinary General Meeting of Shareholders
Globenewswire· 2025-03-20 07:15
Company Overview - Ageas is a listed international insurance group with a heritage of 200 years, offering both Life and Non-Life insurance products tailored to customer needs [3] - The company operates primarily in Europe and Asia, which constitute a significant portion of the global insurance market, and ranks among market leaders in its operational countries [3] - Ageas employs approximately 50,000 people and reported annual inflows of EUR 18.5 billion in 2024 [3] Extraordinary General Meeting - An Extraordinary General Meeting of Shareholders is scheduled for 23 April 2025 at Ageas's offices in Brussels [1] - Historical data suggests that the meeting may not meet the required quorum of at least 50% of the capital, which could prevent valid decisions from being made [1] - If the quorum is not met, a second Extraordinary General Meeting will be convened alongside the Ordinary General Meeting on 19 April 2025, with both meetings taking place on 21 May 2025 [1]