Press release
6 February 2025
The Board of Directors of Swedbank
utilises authorisation to acquire own shares to be used for
employee compensation programmes
Swedbank's Annual General Meeting
2024 decided to authorise the company's Board of Directors to
resolve on the acquisition of own shares. Swedbank's Board of
Directors has today decided to use this authorisation for the
purpose of ensuring delivery of shares to participants in
Swedbank's performance- and share-based compensation programs (Eken
2024 and IP 2024, together "the Programs").
The acquisition of shares will be
carried out in accordance with Nasdaq Stockholm's Nordic Main
Market Rulebook for Issuers of Shares (the "Rulebook"), the Market Abuse Regulation
(EU) No 596/2014 ("MAR"),
and Commission Delegated Regulation (EU) No 2016/1052 (the
"Safe Harbour Regulation").
The acquisition of shares will be managed by an investment firm or
a credit institution making its trading decisions concerning the
timing of the acquisitions independently of Swedbank.
The buyback program is subject to the
following conditions:
·
Acquisitions may comprise up to 2,300,000 shares
for a total amount not exceeding SEK 700 million, with the purpose
of ensuring delivery of shares to participants in the Programs.
However, Swedbank's holding of own shares must never exceed 10
percent of all shares in the company.
·
Acquisitions will only take place on Nasdaq
Stockholm in accordance with the Rulebook, MAR, and the Safe
Harbour Regulation.
·
The acquisition price per share shall be within
the applicable price range on Nasdaq Stockholm at any given time,
defined as the interval between the highest bid price and lowest
ask price continuously published by Nasdaq Stockholm, while also
observing the limitations stipulated by the Safe Harbour
Regulation.
·
Acquisitions may occur until the Annual General
Meeting 2025.
·
Payment for shares shall be made in
cash.
As of February 6, 2025, Swedbank's holding of own shares amounts to
6,686,779 shares. The total number of shares issued by Swedbank is
1,132,005,722.
Contact:
Hannes Mård,
Media Relations Manager, tel: +46 73 057 41 95
Magnus
Alvesson, Head of Investor
Relations, tel: +46 70 610 33 41
Swedbank empowers the many people
and businesses to create a better future. Our vision is a
financially sound and sustainable society. Swedbank Group is the
leading bank with over 7 million retail customers and 550 000
corporate customers in our four home markets: Sweden, Estonia,
Latvia and Lithuania. Swedbank Group is also present in other
Nordic countries, the U.S. and China. Together we make your
financial life easier. Find out more: www.swedbank.com
