By Trend News Line 2024-05-28 08:00:00.
ING, the global financial institution, has made significant progress on its share buyback programme, repurchasing over 3 million shares during the week of 20 May 2024. This latest round of repurchases totalled €50,577,589.93, with shares bought at an average price of €16.47.
You may also like to watch : Who Is Kamala Harris? Biography - Parents - Husband - Sister - Career - Indian - Jamaican Heritage
The share buyback programme, which was announced on 2 May 2024, aims to repurchase a total of €2.5 billion worth of shares. With the latest round of repurchases, the total number of shares bought back under the programme now stands at 47,376,807 ordinary shares. The average price for these repurchased shares is €16.12, amounting to a total consideration of €763,497,507.32.
Approximately 30.54% of the maximum total value of the share buyback programme has now been completed, demonstrating ING’s commitment to returning value to its shareholders. The company’s efforts to reduce its share capital through these repurchases reflect its strategic priorities and focus on enhancing shareholder value.
Investors and stakeholders can find detailed information on the daily repurchased shares, individual share purchase transactions, and weekly reports on the ING website at www.ing.com/investorrelations. This level of transparency underscores ING’s commitment to keeping its shareholders informed and engaged throughout the buyback programme.
ING is a leading financial institution with a strong European presence, offering banking services through its operating company, ING Bank. With over 60,000 employees serving customers in more than 40 countries, ING is dedicated to empowering individuals and businesses to stay ahead in their financial goals.
You may also like to watch: Is US-NATO Prepared For A Potential Nuclear War With Russia - China And North Korea?
The company’s commitment to sustainability is evident in its strategic approach, with ING holding a leading position in sector benchmarks. ING’s Environmental, Social, and Governance (ESG) rating by MSCI was affirmed as ‘AA’ in July 2023, highlighting its strong performance in managing ESG material risks.
As of December 2023, Sustainalytics has recognized ING’s management of ESG material risks as ‘strong’, further reinforcing the company’s focus on sustainable practices. ING Group shares are included in major sustainability and ESG index products of leading providers, reflecting the company’s ongoing efforts in this area.
For more information on ING and its operations, visit www.ing.com for the latest news updates and developments. Photos of ING’s operations, buildings, and executives are available for download on Flickr, providing further insights into the company’s activities and initiatives.
As ING continues to make progress on its share buyback programme, investors can expect further updates and insights into the company’s strategic direction and financial performance. With a focus on transparency, sustainability, and shareholder value, ING remains a key player in the global financial landscape..
1. Progress share buyback programme update
2. Progress share buyback programme details.
