ING has announced the initiation of a share repurchase program aimed at acquiring ordinary shares of ING Groep N.V. The maximum total amount allocated for this repurchase is €70 million. This initiative is designed to fulfill obligations under ING's share-based compensation plans.
The share buyback will begin on March 3, 2025, and is scheduled to conclude by March 7, 2025. The European Central Bank (ECB) has given its approval for the repurchase. It will be conducted in accordance with the Market Abuse Regulation and within the limits set by the authority to acquire up to 20% of issued shares, as approved by shareholders on April 22, 2024.
"More information can be found on the Investors section of the ING website."