Norion Bank’s Board of Directors has, based on the authorization from the Annual General Meeting on 6 May 2025, and in accordance with the previously communicated intention to initiate additional share buyback programs, decided to initiate a new share buyback program of its own shares up to a maximum of SEK 500 million. The purpose of the buyback program is, in line with Norion Bank's dividend policy, to return surplus capital relative to the capital adequacy target to shareholders and to be able to adapt the bank's capital structure and thereby create additional value for shareholders.
Based on the authorization granted by the Annual General Meeting on 6 May 2025, the repurchases of own shares are acquired on the following terms:
Completed purchases of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm's Rulebook for Issuers.
The total number of shares in Norion Bank amounts to 189,782,534. The bank currently holds no own shares.
For the complete authorization resolved at the Annual General Meeting of Norion Bank on 6 May 2025, please refer to Norion Bank's website.