Share buy-back 2023-2024

General information

KBC Group NV is set to launch a share buyback program for the purpose of distributing the surplus capital for which it received the necessary authorization from the ECB. An agent has been mandated to purchase own shares on behalf of KBC Group NV on NYSE Euronext Brussels’ regulated market, from 11th August 2023 until 31st July 2024, for a maximum amount of 1,3 billion euros.
The shares will be bought back under the conditions specified in the authorization granted by the General Meeting of Shareholders of 5th May 2022. Under this authorization, the Board of Directors is authorized to repurchase a maximum of 10% of KBC Group shares under certain conditions, at a price that may not be lower than 1 euro or higher than 110% of the last closing price on Euronext Brussels prior to the date of acquisition.
The program may be paused at any time if deemed appropriate with respect to the market conditions.
In accordance with the applicable regulations, KBC Group will provide weekly updates on the progress of the share buyback program via a press release (see below).

Overview

Press releases


 

Share buy-back 2018

General information

17 May 2018: KBC Group NV is set to launch a share buyback programme for the purpose of cancelling the shares. An agent has been mandated to purchase up to 2 700 000 own shares on behalf of KBC Group NV on NYSE Euronext Brussels’ regulated market, from 22 May 2018 until 30 September 2018, for a maximum amount of 220 million euros. The shares will be bought back under the conditions specified in the authorisation granted by the Extraordinary General Meeting of 3 May 2018. Under it, the Board of Directors is authorised to repurchase 2 700 000 own shares under certain conditions, at a price that may not be lower than 1 euro or higher than 110% of the last closing price on Euronext Brussels prior to the date of acquisition. The timing of share repurchases under this programme depends on a variety of factors, including market conditions. During the course of the programme, the company will regularly inform the market about the purchased shares in accordance with the applicable regulations (see below).

Overview

Most recent share buy-back figures

Press releases

Last update: 27-02-2024