(RTTNews) – Skandinaviska Enskilda Banken AB (SEB-A.ST, SEB-C.ST), on Wednesday, announced the completion of its SEK 1.25 billion share buyback programme and launched a new SEK 1.25 billion buyback programme for capital management purposes.
The buyback programme is scheduled to begin on July 16 and end no later than October 20.
Under the programme, the company may repurchase Class A shares provided its total holding does not exceed 10% of the company’s issued shares.
The previous programme was announced on April 29 and ran from April 30 to July 13.
During the period, the company repurchased 6,606,166 Class A shares at an average price of SEK 189.22 per share, for a total of SEK 1.25 billion.
The new programme received approval from the Swedish Financial Supervisory Authority.
The shareholders authorised the programme at the Annual General Meeting held on March 24.
As of June 30, the company had 1,985,461,084 issued shares and held 35,926,433 treasury shares.
On Tuesday, Skandinaviska Enskilda Banken AB closed trading 1.98% higher at SEK 203.80 on the Stockholm Stock Exchange.
