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Nordea Bank cancels 12.3 million treasury shares

EditorPollock Mondal
Published 09/19/2023, 04:05 AM
© Reuters.
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In a move towards capital optimization, Nordea Bank Abp (OTC:NRDBY) cancelled 12,285,688 of its treasury shares today, as announced in a stock exchange release. The decision, made by the Board of Directors, reduces the total number of shares in Nordea to 3,557,459,330 with an equal number of votes attached.

The shares were previously held for capital optimization purposes and were acquired through share buy-backs. The cancellation was officially registered with the Finnish Trade Register earlier today.

Following this move, Nordea still holds 1,076,806 treasury shares for capital optimization purposes and an additional 4,787,315 treasury shares earmarked for remuneration purposes.

Nordea Bank Abp has a long history in the Nordic economies, with over 200 years of supporting and fostering financial development in the region. The bank is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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