Bank of America just raised its EUR/USD forecast
STOCKHOLM - Swedbank AB (OTC:SWDBY) has successfully concluded its share repurchase plan, acquiring a total of 2,300,000 of its own shares, the company announced on Monday. The buyback, which began on February 6, 2025, and finalized on Friday, was implemented to secure shares for Swedbank's performance- and share-based compensation programs, known as "Eken 2024" and "IP 2024."
The transactions were executed on Nasdaq Stockholm by Kepler Cheuvreux on behalf of Swedbank, in line with the Market Abuse Regulation (EU) No 596/2014 and the EU Commission Delegated Regulation (EU) No 2016/1052, also known as the Safe Harbour Regulation. The average purchase price per share over the course of the buyback was 249.62 SEK, totaling an overall transaction value of 574,117,565 SEK.
Following the completion of this share buyback, Swedbank's holding of own shares has reached 8,295,901. The total number of shares issued by the bank stands at 1,132,005,722. This strategic move is part of Swedbank's broader efforts to provide value to its stakeholders and support its compensation initiatives.
Swedbank, with a vision of a financially sound and sustainable society, is a leading banking institution offering services to over 7 million retail customers and 550,000 corporate clients in its home markets of Sweden, Estonia, Latvia, and Lithuania. The group also operates in other Nordic countries, the U.S., and China, aiming to simplify financial life for its customers.
The information regarding the share repurchase is based on a press release statement issued by Swedbank and is subject to the terms and conditions of distribution as stipulated by the London Stock Exchange (LON:LSEG)'s RNS.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.