ING has provided an update on its €2.0 billion share buyback programme, initially announced on October 31, 2024. The company reported the repurchase of 4,550,623 shares during the week from January 27 to January 31, 2025.
The average purchase price for these shares was €16.06, resulting in a total expenditure of €73,067,237.68. ING's statement mentions that "for detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports," further details are available through their resources.
The aim of this programme is to decrease ING's share capital. So far, a total of 68,503,160 ordinary shares have been bought back at an average price of €15.14 each. This represents a cumulative outlay of €1,037,268,588.74 and accounts for approximately 51.86% completion of the programme's maximum total value.