SEB Completes Latest Share Buyback Program
SEB has completed its latest share buyback program, under which SEK 1.25 billion of Class A shares have been repurchased.
On 25 January 2023, SEB announced a SEK 1.25 billion share buyback program for capital management purposes. The repurchases of shares began on 27 January 2023 and ended on 3 April 2023. During this period, SEB repurchased 10,249,921 of its own Class A shares at an average price per share of SEK 121.95, for a total purchase amount of SEK 1.25 billion. Repurchased shares are expected to be cancelled during the first half of 2023.
As of 31 March 2023, the total number of issued shares in SEB amounted to 2,178,171,934 and SEB held 74,773,884 own shares, of which 47,751,274 were repurchased for capital purposes.
Information about repurchases under the share buyback programs is published weekly on sebgroup.com (http://www.sebgroup.com).