SEB Completes First Proportion Buyback Program and Initiates New Proportion Buyback Program

SEB has now finished its first percentage buyback program underneath which SEK 2.5 billion of…

SEB has now finished its first percentage buyback program underneath which SEK 2.5 billion of Magnificence A stocks has been repurchased. The Board has resolved to utilise the authorisation granted via the 22 March 2022 Annual Normal Assembly to begin a brand new SEK 2.5 billion buyback program of Magnificence A stocks.

On 19 October 2021, SEB introduced a SEK 2.5 billion percentage buyback program for capital control functions. The repurchases of stocks started on 21 October 2021 and ended on 21 March 2022. All the way through that length, SEB repurchased 20 055 133 of its personal Magnificence A stocks at a median worth in keeping with percentage of SEK 124.66, for a complete acquire quantity of SEK 2.5 billion.

On 22 March 2022, the Board of Administrators resolved to utilise the authorisation granted via the Annual Normal Assembly held the similar day to begin a brand new SEK 2.5 billion buyback program of Magnificence A stocks. The percentage buyback program is anticipated to start on 23 March 2022 and finish on 24 October 2022 at the most recent. A most selection of stocks could also be repurchased in order that SEB’s general retaining at any time does now not exceed 10 p.c of SEB’s general selection of issued stocks. Repurchased stocks will cut back SEB’s percentage capital via being cancelled.

The percentage buyback program might be controlled via an unbiased monetary funding company, which can make its buying and selling choices in regards to the timing of the percentage repurchases independently of, and with out affect via, SEB. Proportion repurchases shall happen on Nasdaq Stockholm Inventory Change in line with the Nordic Primary Marketplace Rulebook for Issuers of Stocks – NASDAQ Stockholm (Complement D) and in line with the Law (EU) No 596/2014 of the Eu Parliament and of the Council on marketplace abuse (MAR) and the Fee Delegated Law (EU) 2016/1052 (the Protected Harbour Law). Proportion repurchases underneath the percentage buyback program would possibly periodically be halted for SEB’s repurchases of personal stocks for SEB’s long-term incentive program.

See also  Inventory Repurchase Program: Release of the 3rd Tranche

As of 28 February 2022, the overall selection of issued stocks in SEB quantities to two,194,171,802 and SEB held 43,413,101 personal stocks.

Supply: SEB