Disclosure of substantial holdings of own shares - Swedbank AB
Based on the resolution by the Annual General Meeting, the Board of Directors of Swedbank has in April 2011 decided to repurchase up to 10 percent of total outstanding own shares in order to adapt Swedbank’s capital structure to its prevailing capital needs.
- (1888PressRelease) September 09, 2011 - Swedbank AB (publ), corporate identity number 502017-7753, has bought back own shares corresponding to 54,649,620 ordinary shares, 3,561,173 preference shares and 1,500,000 C shares and as per 6 September 2011, has a holding of own shares, corresponding to 5.14 % of the total amount of shares and 5.03 % of total number of votes. The total amount of shares outstanding, including repurchased shares, amounts to 1,161,090,177.
Based on the resolution by the Annual General Meeting, the Board of Directors of Swedbank has in April 2011 decided to repurchase up to 10 percent of total outstanding own shares in order to adapt Swedbank’s capital structure to its prevailing capital needs. The C shares were issued and repurchased in May 2011 as part of the hedging arrangements relating to Swedbank’s incentive programme 2010. The shares held in order to facilitate Swedbank’s securities business activities are also included into the holdings of own shares.
For further information please contact:
Jonas Erikson, Head of Group Treasury, Swedbank, tel: +46 8 585 908 89
Thomas Backteman, Head of Corporate Affairs, Swedbank, tel: +46 708 311 166
The character of this information is such that it shall be disclosed by Swedbank AB (publ) in accordance with the Financial Instruments Trading Act. The information was disclosed on 7 September 2011 at 10.30 a.m. (CET).
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 9.4 million retail customers and around 650,000 corporate customers with 321 branches in Sweden and over 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine. As of 30 June, 2011 the group had total assets of SEK 1,758 billion. Read more at www.swedbank.com