2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
Nordea Bank Abp
/ Key word(s): Transaction in Own Shares
Nordea completes fourth share buy-back programme Nordea Bank Abp Nordea has now completed its fourth share buy-back programme announced in April 2023. From 28 April 2023 to 21 February 2024, Nordea repurchased 97,406,133 of its own shares (FI4000297767) at an average price per share of EUR 10.26. On 26 April 2023, Nordea announced a share buy-back of up to EUR 1.0bn, based on the authorisation granted to the Board by the 2023 Annual General Meeting. The purpose of share buy-backs is to pursue an efficient capital structure and generate sustainable shareholder returns by reducing Nordea's excess capital. Since the inception of the inaugural buy-back programme in October 2021, Nordea has distributed EUR 5.5bn to its shareholders through repurchasing around 544 million shares at an average price of EUR 10.09 per share. Nordea repurchased the shares in public trading otherwise than in proportion to the shareholdings of its shareholders (directed repurchases). The repurchased shares were cancelled on a monthly basis. The repurchases of the fourth buy-back programme reduced the company's unrestricted equity by EUR 1.0bn. Nordea now holds 15,912,565 treasury shares for capital optimisation purposes and 4,787,315 treasury shares for remuneration purposes. Nordea expects to continue to use share buy-backs to distribute excess capital to Nordea's shareholders in accordance with Nordea's capital and dividend policy. For further information: Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058 The information provided in this stock exchange release was submitted for publication, through the agency of the contacts set out above, at 17.00 EET on 22 February 2024.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
End of Media Release |
| Language: | English |
| Company: | Nordea Bank Abp |
| Smålandsgatan 17 | |
| 105 71 Stockholm | |
| Sweden | |
| ISIN: | FI4000297767 |
| Valor: | A2N6F4 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; SIX Swiss Exchange |
| EQS News ID: | 1843369 |
| End of News | EQS News Service |
|
|
1843369 22.02.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
