ABN AMRO Completes Major Share Buyback Initiative Successfully
ABN AMRO Completes Significant Share Buyback Program
ABN AMRO has recently finished a share buyback program valued at EUR 250 million.
This strategic initiative began on 7 August and aimed to enhance shareholder value by purchasing back company shares. A total of 9,847,302 ordinary shares and depository receipts were repurchased during the program. This acquisition accounted for approximately 1.18% of ABN AMRO's issued shares, with an average purchase price set at EUR 25.39.
According to the latest reports, ABN AMRO plans to cancel the repurchased shares and the corresponding receipts. This move underscores the bank’s ongoing strategy to optimize its capital structure and return value directly to its shareholders.
Shareholder Involvement
Notably, NLFI, the majority shareholder, participated in the buyback process, contributing pro-rata for a total of 30.5% of the entire program. This participation illustrates the strong commitment from key stakeholders toward the success of the share buyback initiative.
Recent Updates on the Buyback Program
In the most recent transaction updates, since the latest communication regarding this buyback on 5 September, ABN AMRO repurchased an additional 1,447,302 shares and depositary receipts. These transactions were executed at an average price of EUR 25.33, culminating in a total spending of EUR 36,656,673. These consistent repurchases reflect the bank's dedication to reinforcing shareholder confidence.
Details on Share Transaction
For shareholders and interested parties looking for comprehensive information about the daily transactions pertaining to share buybacks, as well as the weekly statistics, ABN AMRO provides detailed reports online. This transparency ensures stakeholders remain informed about the progress and status of the share buyback efforts.
Contact Information for Further Inquiries
ABN AMRO encourages any inquiries regarding its recent financial initiatives, including the share buyback program, to reach out to their Press Office. For direct communication, you may contact via email at pressrelations@nl.abnamro.com or call +31 (0)20 6288900.
Frequently Asked Questions
What was the total value of ABN AMRO's share buyback program?
The total value of the share buyback program was EUR 250 million.
How many shares were repurchased under the program?
A total of 9,847,302 ordinary shares and depository receipts were repurchased.
What percentage of issued shares does the buyback represent?
The buyback represents approximately 1.18% of ABN AMRO's issued shares.
Who participated in the buyback program?
NLFI, as the majority shareholder, participated pro-rata, accounting for 30.5% of the program.
Where can I find detailed information about the buyback transactions?
Detailed information can be accessed on ABN AMRO's official website, where they report daily and weekly transaction updates.
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