ING GROEP NV repurchased 1,350,000 shares at an average €31.92 during the week ending 18 September, spending €43,086,200 under its €1.0 billion buyback programme. The programme is intended to reduce ING’s share capital, with cumulative purchases reaching 27,660,805 shares and 77.90% completion.

Key Highlights

  • Purchases from 14 September through 18 September totalled €43,086,200.
  • ING’s cumulative repurchases reached 27,660,805 shares at an average €28.16.
  • The €1.0 billion programme stood at approximately 77.90% completion.

ING GROEP NV is a Banks - Diversified company. ING said the programme is intended to reduce its share capital.

€31.92 Average Price for Weekly Purchases

The shares acquired during that week carried an average price of €31.92, bringing the expenditure for the period to €43,086,200. ING announced the programme on 30 April. The weekly activity covered purchases made through and including 18 September. Cumulative purchases under the programme stood at 27,660,805 shares, bought at an average price of €28.16. Total consideration reached €779,002,867.99. Approximately 77.90% of the programme’s maximum total value had been completed.