Progress on share buyback programme
ING announced today that, as part of our €2.5 billion share buyback programme announced on 2 May 2024, the company repurchased 3,268,026 shares during the week of 26 August 2024 up to and including 30 August 2024.
The shares were repurchased at an average price of €16.21 for a total amount of €52,962,194.42. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.
In line with the purpose of the programme to reduce the share capital of ING, the total number of shares repurchased under this programme to date is 127,404,863 ordinary shares at an average price of €15.91 for a total consideration of €2,026,767,170.65. To date approximately 81.07% of the maximum total value of the share buyback programme has been completed.
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ING PROFILE
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank's more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
ING aims to put sustainability at the heart of what we do. ING's sustainability efforts have been recognised externally by environmental, social and governance (ESG) rating agencies and other benchmarks. In 2023, Sustainalytics assessed our management of ESG material risk as 'strong'. In July 2023, ING's ESG rating by MSCI was reconfirmed as 'AA'. ING's shares are included in the sustainability indices of Euronext, STOXX, FTSE Russell and Morningstar.
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ING Group's annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union ('IFRS- EU'). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.
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Attachment
- Progress on share buyback programme (https://ml-eu.globenewswire.com/Resource/Download/c445cc34-cbf6-4243-ba0e-26a01d258c16)
