Nordea Bank Abp (OTC:NRDBY) has successfully concluded its share repurchase program, acquiring a total of 190,950 of its own shares across multiple trading venues. This strategic move, part of a EUR 1.0 billion buy-back initiative announced on April 26, 2023, aims to optimize the bank's capital structure and support remuneration plans.
The transactions were carried out on Thursday across four trading venues: XHEL, CEUX, XSTO, and XCSE, with an average price of EUR 10.34 per share. The total cost amounted to EUR 1,974,643.12, using the foreign exchange rates of SEK to EUR at 11.5151 and DKK to EUR at 7.4588.
Following this latest repurchase, Nordea's treasury stock amounts to over 14 million shares earmarked for capital optimization efforts and approximately 4.8 million shares set aside for remuneration purposes. Morgan Stanley Europe SE facilitated these transactions on behalf of Nordea.
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