Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Nordea Bank cancels 12.3 million treasury shares

EditorPollock Mondal
Published 19/09/2023, 09:06
Updated 19/09/2023, 09:06
© Reuters.

In a move towards capital optimization, Nordea Bank Abp (OTC:NRDBY) cancelled 12,285,688 of its treasury shares today, as announced in a stock exchange release. The decision, made by the Board of Directors, reduces the total number of shares in Nordea to 3,557,459,330 with an equal number of votes attached.

The shares were previously held for capital optimization purposes and were acquired through share buy-backs. The cancellation was officially registered with the Finnish Trade Register earlier today.

Following this move, Nordea still holds 1,076,806 treasury shares for capital optimization purposes and an additional 4,787,315 treasury shares earmarked for remuneration purposes.

Nordea Bank Abp has a long history in the Nordic economies, with over 200 years of supporting and fostering financial development in the region. The bank is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.