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Selskabsmeddelelse

SEB completes latest share buyback programme and initiates new programme

SEB
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SEB has completed its latest share buyback programme, under which SEK 1.25 billion of Class A shares have been repurchased. The Board of Directors has resolved to utilise the authorisation granted by the 4 April 2023 Annual General Meeting to initiate a new SEK 1.25 billion buyback programme of Class A shares running until 23 October 2023.

On 25 April 2023, SEB announced a SEK 1.25 billion share buyback programme for capital management purposes. The repurchases of shares began on 27 April 2023 and ended on 14 July 2023. During this period, SEB repurchased 10,660,063 of its own Class A shares at an average price per share of SEK 117.26, for a total purchase amount of SEK 1.25 billion.

On 17 July 2023, the Board of Directors resolved to utilise the authorisation granted by the Annual General Meeting held on 4 April 2023 to initiate a new SEK 1.25 billion buyback programme of Class A shares. The share buyback programme is expected to commence on 19 July 2023 and end on 23 October 2023, at the latest. A maximum number of shares may be repurchased so that SEB's total holding at any time does not exceed 10 per cent of SEB's total number of issued shares. Repurchased shares are expected to be cancelled.

The share buyback programme will be managed by an independent financial investment firm, which will make its trading decisions regarding the timing of the share repurchases independently of, and without influence by, SEB. Share repurchases shall take place on Nasdaq Stockholm Stock Exchange in accordance with the Nordic Main Market Rulebook for Issuers of Shares - NASDAQ Stockholm (Supplement D) and in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the Safe Harbour Regulation). Share repurchases under the share buyback programme may periodically be halted for SEB's repurchases of own shares for SEB's long-term incentive programme.

As of 30 June 2023, the total number of issued shares in SEB amounted to 2,139,983,495 and SEB held 45,957,326 own shares.

Information about the repurchases under the share buyback programme is published weekly on sebgroup.com.

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