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AGS Appoints Arthur Rotziokos and Richard Orozco to Lead International Growth Efforts
Newsfilter· 2025-04-21 13:15
Core Insights - AGS has announced two key appointments to strengthen its international operations, with Arthur Rotziokos as Senior Director of Product Management – Asia-Pacific and Richard Orozco as Senior Director of Product Management - International [1][2] Group 1: Appointments and Roles - Arthur Rotziokos will lead AGS' entry into the APAC market, bringing over three decades of gaming industry experience, including his previous role as Vice President of Research & Development at Light & Wonder [4] - Richard Orozco will oversee AGS' global product strategies, focusing on Latin America and Europe, and has extensive experience in managing product portfolios from his previous role as Vice President of Product Strategy at Ainsworth Game Technology [6] Group 2: Strategic Importance - The appointments are expected to enhance AGS' global expansion strategy, with both leaders bringing unparalleled expertise that will be vital for accelerating international reach and advancing product offerings [2][7] - AGS aims to build its brand and gain a foothold in key international markets, reinforcing its commitment to delivering innovative gaming products and solutions [7]
Ageas announces the Ordinary and Extraordinary General Meetings of Shareholders of ageas SA/NV
Globenewswire· 2025-04-18 15:40
Group 1 - Ageas will hold its Ordinary and Extraordinary General Meetings of Shareholders on May 21, 2025, due to insufficient quorum for the previously scheduled meeting on April 23, 2025 [1] - Shareholders must register by May 7, 2025, to exercise their voting rights at the meeting, regardless of the number of shares held on the meeting day [2] - Shareholders intending to attend must communicate their intentions by May 15, 2025, and proxies must be submitted by the same date [3] Group 2 - Ageas is a prominent international insurance group with a 200-year heritage, focusing on both Life and Non-Life insurance products, and operates mainly in Europe and Asia [4] - The company reported annual inflows of EUR 18.5 billion in 2024 and employs approximately 50,000 people [4] - The agenda for the upcoming meeting includes the approval of the annual report for 2024, dividend approval, discharge of liability, remuneration report, reappointments of Board members, and other key corporate governance matters [6]
Ageas communicates revised total number of issued shares
Globenewswire· 2025-04-17 06:15
Group 1 - Ageas has increased its capital by EUR 550 million as part of the esure acquisition agreement, resulting in a total capital of EUR 1,590,019,077.44 and an increase in outstanding shares to 198,938,286 due to the issuance of 10,967,099 new shares [1] - Each outstanding share of Ageas SA/NV confers one voting right, and there are no other securities conferring voting rights [1] - The newly issued shares are listed on the regulated market of Euronext Brussels as of 17 April 2025 [2] Group 2 - Ageas is a listed international insurance group with a 200-year heritage, offering both Life and Non-Life insurance products tailored to customer needs [3] - The company operates primarily in Europe and Asia, which are significant markets in the global insurance sector, and ranks among market leaders in the countries where it operates [3] - Ageas employs approximately 50,000 people and reported annual inflows of EUR 18.5 billion in 2024 [3]
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]