ABN AMRO completes share buyback programme
- Investor Relations
Jarco de Swart
Sr Press Officer Corporate Affairs, Finance, Legal and Sustainability
ABN AMRO announced today that it has completed its EUR 500 million share buyback programme which started on 9 February 2022. The completion of this share buyback programme is an important milestone, adding a new instrument to manage the capital position and providing attractive returns to shareholders.
Under the share buyback programme a total of 42,478,085 ordinary shares and depository receipts were purchased, representing 4.5% of issued shares, at an average price of EUR 11.77. ABN AMRO intends to cancel the repurchased shares and corresponding depository receipts in due course.
NLFI as a majority shareholder has participated in the share buyback programme on a pro-rata basis and maintained its holding at 56.3%.
Since the last update on the share buyback programme on 6 May 2022 a remaining number of 2,173,734 shares and depositary receipts were repurchased at an average price of € 11.15 for a total amount of €24,240,547.