ABN AMRO announces €500 million share buyback programme
09 Février 2022 - 7:01AM
ABN AMRO announces €500 million share buyback programme
ABN AMRO announces €500 million share buyback
programme
ABN AMRO announced today the start of a share buyback programme
under which it plans to repurchase depositary receipts and ordinary
shares of ABN AMRO Bank N.V., with a maximum total value of €500
million and for a number of shares not exceeding the authority
granted by the general meeting of shareholders on 21 April 2021
(10% of the issued shares).
The share buyback programme will commence on February 10th 2022
and is expected to end no later than June 2022. The purpose of the
share buyback programme is to reduce the share capital of ABN
AMRO.
“ABN AMRO intends to provide an attractive return to
shareholders and this buyback is an important milestone’ says
Robert Swaak, CEO ABN AMRO Bank. ‘We made good progress on our
strategic agenda, including the rapid wind-down of non-core
activities, strengthening our digital foundation, and progressing
on our remediation programmes. Although the environment was
challenging our capital ratios strengthened during the year which
gave us confidence to release additional capital to shareholders.
With this programme we are adding share buybacks as an instrument
to manage our capital position.”
ABN AMRO’s CET1 ratio was 16.3% at the end of the fourth quarter
of 2021. The capital required for the announced share buyback
programme has been reserved and is already excluded from year-end
capital ratios. The ECB has approved the share buyback programme,
which will be executed within the limitations of the existing
authority granted by the general meeting of shareholders on 21
April 2021 and in compliance with the Market Abuse Regulation.“
NLFI as majority shareholder will participate in the buyback
pro-rata to its current holding of 56.3% of shares and depository
receipts via off-market transactions, thereby maintaining its
relative stake in the company.
ABN AMRO has entered into a non-discretionary arrangement with a
financial intermediary to conduct the open market buyback. ABN AMRO
will provide weekly updates on the progress of the programme via a
press release and on the Investor Relations section of the ABN AMRO
website
https://www.abnamro.com/en/home/information/share-buyback-programme
ABN AMRO
Press OfficeJarco de SwartSenior Press
Officerpressrelations@nl.abnamro.com+31 20 6288900 |
ABN AMRO
Investor RelationsFerdinand Vaandrager Investor Relations
investorrelations@nl.abnamro.com+31 20 6282282 |
This press release is published by ABN AMRO Bank N.V. and
contains inside information within the meaning of article 7 (1) to
(4) of Regulation (EU) No 596/2014 (Market Abuse Regulation)
- ABN AMRO announces €500 million share buyback programme
ABN AMRO Bank N.V (EU:ABN)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
ABN AMRO Bank N.V (EU:ABN)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024