ING has provided an update on its ongoing €2.0 billion share buyback programme, which was initially announced on October 31, 2024. Over the course of the week from November 4 to November 8, 2024, a total of 7,704,055 shares were repurchased by the company.
The shares were acquired at an average price of €15.35 each, amounting to a total expenditure of €118,240,205.76. The initiative aims to reduce ING's share capital through these buybacks.
As of now, ING has repurchased a cumulative total of 11,720,329 ordinary shares under this programme. These shares were bought at an average price of €15.45 per share for a total cost of €181,038,327.77. This represents approximately 9.05% completion of the maximum total value set for the share buyback programme.
For more specific details on daily repurchases and individual transactions within this period, interested parties are encouraged to refer to the company's detailed reports.