Nordea Bank Abp (OTC:NRDBY) has successfully completed the repurchase of its own shares, marking the conclusion of its EUR 1.0bn share buy-back program announced on April 26, 2023. The announcement was made Today, with Morgan Stanley (NYSE:MS) Europe SE representing Nordea in these transactions.
On Wednesday, the bank finalized the repurchase of 554,087 of its own shares (ISIN: FI4000297767) from four trading venues (XHEL, CEUX, XSTO, XCSE), costing EUR 5,523,316.82. The transactions were carried out using an FX rate of SEK to EUR 11.6598 and DKK to EUR 7.4576.
The share buy-back program was initiated in compliance with Regulation No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. This move received authorization at Nordea's Annual General Meeting in 2023.
Post-transaction, Nordea now holds a total of 12,810,660 treasury shares for capital optimization purposes and an additional 4,787,315 treasury shares for remuneration purposes.
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