This is a cash cow! Tuesday, December 13, 2022, 2:00 AM ET
Progress on share buyback programme
Progress on share buyback programme
ING announced today that, in line with the launch of its EUR1,5 billion share buyback programme announced on 3 November 2022, the company has repurchased 18,866,693 shares during the week of 5 December 2022 up to and including 9 December 2022.
The shares were repurchased at an average price of EUR11.33 for a total amount of EUR213,672,861.03. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.
The total number of shares repurchased under this programme to date 101,834,909 ordinary shares at an average price of EUR11.25 for a total consideration of EUR1,145,413,461.73. To date approximately 76.36% of the maximum total value of the share buyback programme has been completed.