March 23, 2020 / 7:48 AM / 9 days ago

BRIEF-Ageas Reaches Settlement In The Dutch Case On Appeal

March 23 (Reuters) - AGEAS SA:

* REACHES SETTLEMENT IN THE DUTCH CASE ON APPEAL

* ANNOUNCES THAT IT HAS REACHED AN OUT-OF-COURT SETTLEMENT WITH THE SEVEN PARTIES WHO OPTED OUT IN THE FORTIS SETTLEMENT TO SETTLE THE CASE THAT WAS INITIATED IN THE NETHERLANDS IN JULY 2009

* REACHED AN AMICABLE SETTLEMENT WITH THE PLAINTIFFS AND WILL PAY THEM, NEXT TO AN AMOUNT IN LINE WITH THE WCAM AGREEMENT, A COMPENSATION FOR THE COSTS AND DAMAGES RELATED TO THE LEGAL PROCEEDINGS

* THE PROCEEDINGS WILL HENCE BE TERMINATED BY ALL PARTIES WITH IMMEDIATE EFFECT Source text: bit.ly/3a8y0TI Further company coverage: (Gdansk Newsroom)

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