ING has reported progress on its €2.0 billion share buyback programme, initially announced on October 31, 2024. The company disclosed that it repurchased a total of 5,642,295 shares during the week from November 18 to November 22, 2024.
These shares were bought at an average price of €14.88 each, amounting to a total expenditure of €83,943,079.35. The purpose of this buyback initiative is to reduce the share capital of ING.
So far, under this programme, ING has repurchased a cumulative total of 22,908,278 ordinary shares at an average price of €15.17. This represents a total consideration of €347,488,959.74 and accounts for approximately 17.37% of the maximum value set for the share buyback programme.