REG - Swedbank AB - The Board of Directors of Swedbank utilises...

Swedbank ABAnnouncement

06/02/2025 16:00

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RNS Number : 2323W  Swedbank AB  06 February 2025

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 (mailto:magnus.alvesson@swedbank.com) , 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

 

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