Ageas launches offering to raise €525 million through an accelerated bookbuild offering of newly issued ordinary shares

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]