Progress on share buyback programme
Progress on share buyback programme
ING announced today that, in line with the launch of its €1,744 million share buyback programme announced on 1 October 2021, the company has repurchased 3,451,361 shares during the week of 1 November 2021 up to and including 5 November 2021.
The shares were repurchased at an average price of €13.36 for a total amount of €46,116,383.43. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at https://www.ing.com/Investor-relations/Share-information/Share-buyback-programme.htm.
The total number of shares repurchased under this programme to date is 35,036,143 ordinary shares at an average price of €12.91 for a total consideration of €452,199,853.08. To date approximately 25.93% of the maximum total value of the share buyback programme has been completed.
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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 57,000 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).
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