Leuven, 2 November 2011 (17.40 hrs CET)
Evolution net asset value of KBC Ancora
The first months of the financial year 2011/2012 of KBC Ancora were characterised by the expected operating costs and interest charges. No income was generated. The participating interest in KBC Group remained unchanged and comprises 82,216,380 shares, or 22.97% of the total number of KBC Group shares in issue. KBC Ancora’s net debt position increased in the first three months of the current financial year by EUR 0.10 to EUR 7.73 per share as at 30 September 2011.
The net asset value of one KBC Ancora at 30 September 2011 is equivalent to 1.05 times the price of the KBC Group share less EUR 7.73.
Based on the closing price of the KBC Group share on 31 October 2011 (EUR 16.23), the net asset value of one KBC Ancora share amounted to EUR 9.31, and the KBC Ancora share (EUR 5.85) was trading at a discount of 37.2% to the net asset value.
